I asked this question last week. you have a great tenant.. they suffer income lapse.. you work with them and let them pay what they missed over time.. or do you take the It ain my problem I am no charity stance that is so popular with landlords on BP  :) or at least it was last week when it was easy to say that.being here in Vegas this is a reality..

See the time lapse below, the brown shaded areas are federal land and not available for development.

You want to be listed on their policy as an additional interest in order to be notified if their policy lapses for non payment or gets cancelled altogether.

Notice: Lapse in AppropriationsSBA is unable to accept new applications at this time for the Economic Injury Disaster Loan (EIDL)-COVID-19 related assistance program (including EIDL Advances) based on available appropriations funding.Applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis.

This site was recommended to me as a great source of expert advice, so here goes: through a variety of mishaps, the homeowner's insurance for the property I own in Connecticut has lapsed for a bit over 90 days.

From the SBA website as of 2 AM 4/16/2020:Notice: Lapse in AppropriationsSBA is unable to accept new applications at this time for the Economic Injury Disaster Loan (EIDL)-COVID-19 related assistance program (including EIDL Advances) based on available appropriations funding.Applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis.

I feel the drop in stocks will rebound quickly, especially now the full approval of the $1.2 Trillion stimulus package to China sending people back to work, this "dip" will be a momentary drop, similar to a V or a U, in the recovery time.

Like, what if the tenant doesn't pay the policy and it lapses?

I was wondering are there any other drawbacks (asides from not having insurance for that lapse) of just waiting a month or until this blow over before renewing the insurance?

Based on what I saw on the time lapse, looks like they were able to do it in 2-3days, is that possible?