Is There A Grace Period For Renters Insurance?

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   Ken Boncela

   Ageny Owner, Farmers Insurance, Ken Boncela Insurance & Financial Services, Oswego, lllinois

   Generally yes, 20-30 days, but not always! Check with your insurance professional.  And understand that a grace period is not free insurance.  If you have a claim after the expiration of your policy, your premium must be received by the insurance company within that grace period for coverage to be provided.  For example, if you have a claim 2 days after the expiration of your policy, there is no coverage until the premium is received by the company prior to the end of the grace period.

   Answered on May 27, 2013

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