Providing proof of insurability and paying all overdue premiums are two major actions required for a policyholder to comply with the reinstatement clause.
An insurance policy clause known as a reinstatement clause specifies when coverage terms are reset if an insured person or business files a claim because of prior loss or damage.
When the insurance policy is no longer in force but the insured still wants to resume coverage for any reason, the policy is reinstated. The criteria for renewing a policy differ from one insurance company to the next. Additionally, the reinstatement procedure is based on the kind of insurance policy and how long the policy has been expired. As a result, reinstatement of the policy is not always available or guaranteed.
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