Grace Period | Insurance Glossary

Definition of "Grace period"

Ashley McNulty

Coldwell Banker

Period allowed after date due for payment of rent, mortgages, etc.
The 30-day period subsequent to the due date permitted on insurance policies, which retains coverage even though the premium has not yet been paid.

Pool of private insurers that provide initial flood insurance in cooperation with the U.S. Departmen ...

In property insurance contracts, provision that states that the violation of one or more contract co ...

Compared to; relative to; against. ...

Present value of a future sum of money to be paid at a stipulated future date. ...

Expecting or looking forward to something happening. ...

Operator with no liability insurance. If a non-insured driver hits another car, the victim sometimes ...

This APR Calculator can be used to estimate the Annual Percentage Rate for a loan based on input par ...

A debt-to-income ratio is the percentage of a persons monthly earnings used to pay off all debt obli ...

Changes in the market conditions, or improvements to the property that increase the value of the pro ...

A seller disclosure is a form required by most states; the seller uses this form to disclose any kno ...

An agent who is authorized to open and run his/her own agency. All real estate offices have one prin ...

A multiple listing service is a computerized listing of the homes for sale in an area listed with a ...

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