What happens if your home insurance laps while doing a remodel?

[Mason Blake]

I have a home we purchased, and we have been doing a remodel on it. We are so close to being done and will move in 2.5 weeks from now. Insurance company tells me it will laps this week unless we provide evidence that the house is not vacant. We do have our Insurance & Tax payments rolled into our mortgage payment, not separate. So I have several questions:

1. What happens if the insurance laps? 

2. I assume that having insurance is a requirement of most mortgages? 

3. Do you think it's worth risking not having insurance for 2-3 weeks, then reinstating our policy once we move in? 

What would y'all recommend here?