The coverage period for a unit under Rental Protection begins on the effective date of the lease and ends on the expiration date of the lease, unless it ends sooner, under the terms of the policy.
The coverage period ends before the expiration date of the lease once you notify the insurer that one of these scenarios has occurred:
- You’ve regained legal and physical possession of the unit
- The unit is sub-leased or assigned
- The terms of the lease are materially changed (other than by a payment plan)
- The renter has transferred to another unit
The coverage period may also end early if the policy is canceled by either the insured or the insurer. For example, the insurer may cancel the policy with 10 days' written notice for non-payment of premium.
Once a repossession event or cancellation occurs, you also have to take certain steps. See more about this process
You must file a claim to the insurer within 120 days after the coverage period ends.
Coverage is subject to policy terms, limitations, conditions, and exclusions. Descriptions of coverage are for informational purposes only and do not alter any insurance policy or guarantee any specific price, quote or coverage. For a complete understanding of the coverage available, please review the terms, conditions, definitions, and exclusions of your Rental Protection insurance policy.