Glossary
Grace Period
What is a grace period?
The time between a policy’s actual due date and when it will expire. In most cases, this is 31 days. The insurance remains in effect when the premium payment is due but unpaid.
Glossary
The time between a policy’s actual due date and when it will expire. In most cases, this is 31 days. The insurance remains in effect when the premium payment is due but unpaid.