Vault Guardian renewal education
What happens if your renters insurance lapses?
Renters insurance is inexpensive (usually $12–$25/month) and often overlooked. But letting it expire creates two separate problems: financial exposure to loss, and a potential breach of your lease.
Renters insurance is inexpensive (usually $12–$25/month) and often overlooked. But letting it expire creates two separate problems: financial exposure to loss, and a potential breach of your lease.
You may be in breach of your lease
Most modern leases require proof of active renters insurance naming the landlord as an 'additional interest.' A lapse gives landlords grounds to charge fees, force-place expensive coverage, or begin eviction.
Your stuff isn't covered — and it adds up fast
The average renter owns $20,000–$35,000 worth of belongings when you total electronics, clothing, furniture, and appliances.
Fires, theft, burst pipes, and vandalism are not covered by your landlord's policy. That policy covers the building, not your contents.
Liability exposure is bigger than people realize
If a guest is injured in your unit, or your bathtub overflows into the apartment below, you can be personally sued. Renters insurance typically includes $100,000+ in liability coverage.
Loss-of-use disappears
If your unit becomes uninhabitable (fire, flood), an active policy pays for a hotel and food. Without it, you're paying $150–$300/night out of pocket.
Renters policies renew annually and are easy to forget. Store the policy in VaultGuardian and get renewal reminders before your lease compliance breaks.
Download Vault Guardian to track renewals at 90, 60, and 30 days.