Loss duration is an important concept of insurance claims. If you come home from work and find your kitchen faucet leaking...you shut the water down and call your insurance company. Most likely you're covered. But if you come home and find your faucet leaking and you don't repair it properly and it leaks for 6 months .....you're not covered. In fact 14 days is the typical coverage timeframe for most losses. If the duration of loss is 14 days or less, coverage for damages is usually there.