A reinstatement clause will allow a policy that has lapsed to be reinstated as long as premium payments are received by the insurer before the end of the grace period.

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A reinstatement clause allows a policy that has lapsed due to non-payment of premiums to be reinstated after the grace period has ended, typically upon meeting certain requirements set by the insurer, such as evidence of insurability and payment of overdue premiums plus interest.

A Reinstatement Clause Will Allow a Policy That Has Lapsed