What Happens If Homeowners Insurance Lapses?

  1. 7647 POINTS
    Mark Bartlett CLCS
    Branch Owner, TWFG Insurance Services, Fremont California and the Greater Bay Area Representing Dozens of Insurance Carriers
    Several things can happen if you lapse your homeowners insurance. If you carry a loan on your home your lender can force place insurance at usually a significantly higher rate simply because it is a requirement of your loan that you carry homeowners insurance. Also lapsing your homeowners insurance can make it very difficult to obtain a new policy since many carriers will not take a client who has a lapse.
    Answered on September 26, 2014
    flag this answer
    2. Did you find these answers helpful?
    Yes
    No
    Go!

Add Your Answer To This Question

You must be logged in to add your answer.


<< Previous Question
Questions Home
Next Question >>