What to Do When Your Renters Insurance Policy Lapses

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As a renter, it is important to have a renters insurance policy to protect your belongings and provide liability coverage in case of accidents or damages. However, sometimes life gets in the way and you may forget to renew your policy or miss a payment, causing your policy to lapse. In this article, we will discuss what to do when your renters insurance policy lapses and how to avoid it in the future.

Why You Need Renters Insurance

Before we dive into what to do when your renters insurance policy lapses, let's first discuss why you need renters insurance in the first place. Many renters believe that their landlord's insurance policy will cover their personal belongings in case of theft, fire, or other damages. However, this is not the case. Landlord insurance only covers the building and any damages to it, not your personal belongings.

Renters insurance provides coverage for your personal belongings, including furniture, electronics, and clothing, in case of theft, fire, or other damages. It also provides liability coverage in case someone is injured on your property or if you accidentally damage someone else's property. Without renters insurance, you could be left with a huge financial burden in case of an accident or theft.

What Happens When Your Renters Insurance Policy Lapses

When your renters insurance policy lapses, you are no longer covered for any damages or accidents that may occur. This means that if your apartment is broken into and your belongings are stolen, you will not receive any compensation from your insurance company. Similarly, if someone is injured on your property and you are found liable, you will be responsible for any medical bills or damages.

Steps to Take When Your Renters Insurance Policy Lapses

If you realize that your renters insurance policy has lapsed, there are several steps you should take to rectify the situation:

  1. Contact Your Insurance Company: The first step is to contact your insurance company as soon as possible. They may be able to reinstate your policy if it has only lapsed for a short period of time. However, if it has been more than a few weeks, you may need to purchase a new policy.

  2. Assess Your Needs: Before purchasing a new policy, take some time to assess your needs. Consider how much coverage you need for your personal belongings and liability coverage. You may also want to consider adding additional coverage for things like expensive jewelry or electronics.

  3. Shop Around: When purchasing a new renters insurance policy, it is important to shop around and compare rates from different insurance companies. Look for a policy that provides the coverage you need at a price you can afford.

  4. Make Payments on Time: To avoid your policy lapsing in the future, make sure to make your payments on time. Set up automatic payments or reminders to ensure that you don't miss a payment.

How to Avoid Your Renters Insurance Policy Lapsing in the Future

The best way to avoid your renters insurance policy lapsing in the future is to be proactive. Here are some tips to help you avoid a lapse in your policy:

  1. Set Up Automatic Payments: Setting up automatic payments is a great way to ensure that your policy stays active. You won't have to worry about remembering to make a payment each month.

  2. Mark Your Calendar: If you prefer to make manual payments, mark your calendar with the due date each month. This will help you remember to make the payment on time.

  3. Bundle Your Policies: Many insurance companies offer discounts if you bundle your renters insurance policy with other policies, such as auto insurance. This can help you save money and ensure that all of your policies stay active.

  4. Review Your Policy Annually: It's important to review your renters insurance policy annually to ensure that you have the coverage you need. You may need to adjust your coverage based on changes in your living situation or the value of your personal belongings.

  5. Consider a Longer-Term Policy: Some insurance companies offer longer-term policies that can provide coverage for up to three years. This can be a good option if you want to avoid the hassle of renewing your policy every year.

  6. Keep Your Insurance Company Updated: If you move or change your contact information, make sure to update your insurance company. This will ensure that you receive important notices and reminders about your policy.


Having a renters insurance policy is essential for protecting your personal belongings and providing liability coverage in case of accidents or damages. If your policy lapses, it is important to take immediate action to rectify the situation. By being proactive and taking steps to avoid a lapse in your policy in the future, you can ensure that you are always protected. Remember to assess your needs, shop around for the best policy, and make payments on time. By following these tips, you can have peace of mind knowing that you are covered in case of an accident or theft.