For our properties that we manage we add our company as additional insured due to the fact that we need to be aware if there happens to be a change or lapse in insurance on both the renters insurance (if they dont use our blanket policy) and the landlords insurance policy.

I was licensed here in Georgia from 1989 - 1997 until I took a career detour and let my license lapse.

I know some investors who have gotten their license and intentionally let it lapse due to the disadvantages. 

I feel like a sitting duck and I want to avoid a lapse in having a property lined up.

My insurance payments are rolled into my mortgage so there was never a lapse in policy.

I’ve also gotten refunds on memberships but sometimes had to pay for the time that had lapsed.

Has that lapsed?

Lastly, just because you only have $650 to work with doesn't mean you can't go after them for more if the damage is greater (in most lease cases) - I have received judgments on properties when the security deposit was less than the lapsed rent and damages... 

I used to be a real estate broker back in the early nineties, but I let my license lapse (stupid).

It has gone on for ever that $$$ can help some people sleep better at night after a lapse in ethical judgment!