Will insurance cover a fire if it occurred on the same day a policy was reinstated? 
It is pretty common and I dare say universal that a policy cancellation takes place at midnignt of the cancellation date . Reinstatements are timed at 12:01 AM . I have to be honest with you , If the fire occured at 12:50 AM and the payment was not processed until 11:00 AM , some eleven hours and ten minutes later , I would be prepared to deal with a pretty thorough investigation of the loss . Many companies require a `` No Loss Statement '' signed by the insured when payment is accepted to reinstate a lapsed policy , others may not . 