Updated over 5 years ago on . Most recent reply
Letting insurance policy lapse to get better rate
Has anybody heard about letting home insurance on a rental unit lapse due to needing a new roof for example that wasn't completed on time - in order to get a better rate because the bank requires it and will buy it on behalf of the landlord at a discount and pass that payment on to the landlord, but at a cheaper rate than what the landlord could get.