What Happens If I Don’t Renew My Home Insurance Policy?

If you don’t renew your home insurance policy before it expires, you risk losing the coverage and protection it provides. Most insurers require a minimum amount of time between the date of the policy’s expiration and the new policy’s effective date. Typically, this is about 30–45 days. 

Your current policy may still provide some basic coverage during this time, but it’s best to assume you have no coverage. If you know you won’t be renewing your policy before the expiration date, start exploring other options to make sure you have a policy in place when you need it. You can seek advice from Manzanita Insurance serving Prescott, AZ and surrounding areas.

Why To Renew Policy 

If you don’t renew the policy, your coverage will be invalid, and you will no longer be protected if something bad happens. If you let your policy lapse, your home is no longer covered. In the event of a claim, you will not be entitled to any benefits. 

Letting your policy lapse may impact your future ability to obtain coverage. The "non-renewal" or "delinquency" clause may allow the company to refuse to renew your policy due to lack of maintenance or other policy violations. 

You might be charged higher if you renew after your policy expires. Some insurers will let you stay covered for a brief period if you inform them earlier. If you’re uninsured, you may be required to pay the cost of any repairs needed. You may also need to pay for replacing your home’s contents if they’re damaged or destroyed. 

Give Us A Call

If you let your policy lapse for a certain period usually a year, your provider may not be willing to take you back. At that point, you may have to start a new application from scratch. For advice, call Manzanita Insurance in Prescott, AZ.