• Alvarez Law Group

Knowledge Mondays - Homeowner’s Insurance Policy Period




What is a policy period?


An insurance policy includes a policy period that states the time period in which your insurance policy will cover damages to your home. The start date on your policy is the date that your policy becomes effective and the end date is the last day that your insurance company will provide coverage for any damages that occur to your home.

It is imperative that you are aware of your policy period as you do not want to be caught in a situation where your home suffers damages and the policy period has ended.


What happens if you let your homeowner’s insurance lapse?


Your homeowner’s insurance can lapse when your policy expires, and you do not secure a new policy within the appropriate time. A lapse in your homeowner’s insurance means that your home is not covered by insurance for a period of time, whether it is a day or a month.


If any damage occurs to your home between the end date of your policy period and your policy renewal, your home will not be covered by your insurance and you will be responsible for the costs of the damages. Insurance companies do not pay for damages that occur before the start date of the policy and after the end date, therefore it is important to secure a new policy for your home before your current policy expires.


If you would like to discuss whether your policy was effective during the time of loss, schedule a consultation with the experienced attorneys at Alvarez Law Group today. Call us at (786) 620-2820 or email assistant@alvarez.legalto schedule a consultation.


*Disclaimer: this blog post is not intended to be legal advice.*

1 view

© 2019 Alvarez. Law Group. All rights reserved. | Artwork by Rodriguez-Corria Fine Art Photography. | Disclaimer