Renters Insurance Insurance Lapse is bad. Here are 3 ways to prevent it. ByJ.D. Chapman Agency January 2, 2020December 7, 2021 Home / Renters Insurance / Insurance Lapse is bad. Here are 3 ways to prevent it. How to prevent insurance lapse: Remember to pay your premiums.If you change carriers, remember to sync expiration date of old policy with start of new one.Use electronic payments to pay premiums on time.