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.
A time period after the premium due date and before a policy lapses. If the insured dies during this period, the death benefit is payable minus any premiums or loans due. The cash value remains unchanged and the policy may be surrendered, or loans may be taken against the policy during the grace period.