Such lapses in their thinking.To get to the third(or higher) floor, you have to go through the first.

If you don't care about being protected, you should at least be named as "additional interest" so the insurance provider will notify you of any changes, lapses, or cancellations of the policy.

If yes, let it lapse past the one year mark.

If the policy lapses or is canceled due to ownership changes, the property could be left uninsured, exposing both parties to risks.

But in doing so I found my insurance for the property lapsed!!

Tell them it's mandatory.Make sure you are named as additional insured to protect your interests but also if they let the policy lapse you will get a little post card in the mail from Lexus Nexus or a similar company saying the policy is lapsed or canceled.For those that allow pets - have them get a renters policy that does not have a dog bite or dog breed exclusion.

Needless to say, I retracted my offer before my expiration period lapsed!  

Certificate holder  means you are notified if their insurance coverage lapses.

.- Negotiated Solutions: Worked with the seller's agent to determine whether the seller would address the violations or if you would need to assume responsibility, potentially negotiating a price reduction or credit at closing to cover repair costsWhy You Found Out LateThe fact that you discovered the POS violations only five days before closing suggests a lapse in communication or oversight.

I sold my home with owner Financing and the buyers have let their policy lapse.