What Is a Grace Period in Insurance? Agrace period in insurancerefers to a specified period of time after the due date of a premium payment during which the policy remains in effect, even if the payment has not been made. It is essentially a buffer period that allows policyholders to make...
Depending on the insurance policy, the grace period can be as little as 24 hours or as long as 30 days. The amount of time granted in an insurance grace period is indicated in the insurance policy contract. Paying after the due date may attract a financial penalty from the insurance compan...
In insurance law, a period beyond the due date of a premium (usually thirty or thirty-one days) during which the insurance is continued in force and during which the payment may be made to keep the policy in good standing. The grace period for payment of the premium does not provide fre...
Within the realm of long-term care insurance, the grace period refers to a specified duration after the premium due date during which the policy remains in force, providing coverage despite the non-payment of premiums. This period serves as a safeguard for policyholders, offering them a window ...
Grace Period for Insurance Sign-Up Ends ; Finish Enrolling by 9 Tonight and Avoid PenaltyToday is the end of a grace period for certain people who areeligible for subsidized health...Innes, Stephanie
Grace period,意思是“宽限期”。 The new law allows a grace period of one year for owners of such materials to get rid of them. 新法给现已持有这类图片视频的人一年宽限期,让他们把这些东西处理掉。 Upon graduation, students will have a six-mo...
In insurance, the grace period is the time between the payment due date and the time when insurance coverage will be revoked due to nonpayment. This may be anywhere between 24 hours and a full month after payment. 在保险业中,宽限期是指付款到期日和承保范围因不付款而被取消的时间之间的时间...
Grace periods are only typically found in insurance contracts, mortgage loans; credit cards and overdraft facilities do not offer a grace period. The details of the grace period depend on the type of loan, the specifics of the loan contract and the flexibility offered by the bank or insurer....
Grace也有「通情达理」的意思。 Grace period的grace就是这个意思,period是期限,grace period就是指「宽限期」。缴账单时,单据上有个应缴日期,通常会给几天宽限,这就叫grace period。来看例句: You have a ten-day grace period in which ...
A grace period allows a borrower or insurance customer to delay payment for a short period of time beyond the due date. During this period no late fees are charged, and the delay cannot result in default or cancellation of the loan or contract. 宽限期允许借款人或保险客户在到期日之后的短时...