Is There A Grace Period For Homeowners Insurance? 
In Connecticut , most standard issue Homeowners policies include a grace period in their payment options . These can range from 15 to 30 days usually . It is important to understand , however , that these are offered as a courtesy and not intended to be used on any regular basis . It is particularly important at a policy 's renewal because if payment is not received by the renewal date , and a grace period goes into effect , that does not extend the COVERAGE period of the policy . If premium is paid during the grace period and there happens to be a loss , there more than likely would be coverage . However , if the premium is not paid , the policy cancels back to the renewal date . If there was a loss during the grace period , that would not be covered . 