Which of the following describes an occurrence in insurance?

An occurrence in insurance is defined as an accident that results not only from a single event but also includes continuous or repeated exposure to an event that leads to damage or injury. This broad definition allows for a wider range of incidents to be considered under an insurance policy's coverage, acknowledging that harm can occur over time rather than being limited to a single, discrete incident.

For instance, consider a situation where a building suffers damage over time due to gradual wear and tear from exposure to the elements. This would qualify as an occurrence because the damage results from continuous exposure, rather than just a singular event like a storm or an accident. The concept is essential for liability and property insurance, as it ensures policyholders receive coverage for a wider array of incidents that may not have a clear starting point.

Other options focus on more narrow or specific types of incidents that do not encompass the comprehensive nature of what an occurrence represents in the context of insurance policies.