Which term refers to the period during which a policyholder can claim benefits from an insurance policy?

The term that specifies the timeframe during which a policyholder is eligible to claim benefits from an insurance policy is most accurately referred to as the claims period. This period defines the specific time after a loss occurs when a policyholder can submit a claim for benefits that align with the coverage provided by their policy.

The other options, while related, do not capture the essence of the timeframe for making claims. The coverage period generally refers to the duration of coverage provided under the policy, which may not explicitly denote the timeframe to file claims. The liability period typically pertains to the duration an insured party is liable for certain risks or exposures. The term of the policy denotes the entire span of the policy's validity but does not specifically highlight the claims aspect. Thus, the claims period stands out as the most relevant choice in this context.