The tenant insurance policies offered through the Cheep Insurance Apartment Protection Program (CAPP) are month-to-month policies, meaning they expire and automatically renew at the end of each month. These policies have a one month policy period instead of a one year policy period (which is what many tenant insurance policies have) because they’re exclusively offered in select apartment buildings.
If you move out of the building, your policy will be non-renewed at the end of the month and you won’t have to pay any cancellation fees for cancelling your policy early. This simplifies policy management for you, for your landlord, and for Cheep Insurance (and saves you a few bucks in the process!)