If you plan to bring your car to the same valet stand in the future, the valet parkers remember if you left a bad tip. âTwo dollars is ... cheap. Three dollars is better,â Ryder said. âFour dollars is appreciated more. Five dollars is great. Ten dollars is lavish.
Insurance Grace Period. DEFINITION of 'Insurance Grace Period'. A period of time after the premium due date in which a policyholder is able to make a premium payment without the insurance policy coverage lapsing. The insurance grace period can vary depending on the insurer and policy type.
What Does It Mean If Your Life Insurance Lapses? A life insurance policy will lapse, or cease to exist, when the planned premium is not paid on a timely basis. Most policies have a grace period, usually 30 days, in which the back premium can be paid before the policy lapses.