Reinstatement
The process of restoring a lapsed insurance policy to active status. To reinstate, you usually need to pay overdue premiums plus any fees, and you may need to provide evidence of insurability. Reinstatement rules vary by insurer and policy type.
Related Terms
Disclaimer: This glossary entry is for informational purposes only and does not constitute financial or insurance advice. Consult with a licensed insurance professional for personalized guidance. GuardianChoices may earn affiliate commissions from links on this site — see our advertiser disclosure.
Get Our Free Insurance Buying Guide
Money-saving tips, comparison checklists, and red flags to avoid — for every type of insurance. Delivered free to your inbox.
We respect your privacy. Unsubscribe at any time.