Glossary · legal
Grace Period
Time after premium due date during which policy remains in force.
Typically 10-30 days in Florida. Coverage continues during grace period but lapses at end if premium unpaid. Do not rely on grace period as a plan.
In practice
Where you encounter "Grace Period"
Policyholders see "Grace Period" referenced in policy language, claim correspondence, and scope documents. Knowing the precise definition under Florida practice keeps you from accepting carrier framing. See FS 626.854 on public adjuster representation and FS 627.70131 on carrier duties.
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Know these too
Related terms
Continuous Trigger
Coverage theory where multiple policy years share a progressive loss.
Contingent Liability
Conditional coverage based on triggering events.
Concealment
Failure to disclose material information; can void coverage.
Cure Period
Time carrier has to correct a violation after notice.
Efficient Proximate Cause
The dominant cause in a chain of causation.
Examination Under Oath Waiver
Agreement to forgo the carrier's right to EUO.
Know the law
Related statutes
FS 626.854 Public Adjusters
Your representation rights.
FS 627.70131 Carrier Duties
Statutory deadlines.
FS 627.70132 Notice
When you must file.
FS 627.7142 Bill of Rights
Homeowner claim bill.
FS 626.9744 Matching
Reasonable matching requirement.
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A licensed Florida public adjuster will review your policy and loss documentation for free.
- ✓Licensed Florida public adjusters
- ✓We work for policyholders, not insurance companies
- ✓No fee unless we recover more than you were offered
What kind of damage?
Pick the closest match. We will ask for details later.
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Glossary
Related insurance terms
Reinstatement
Related glossary entry: Reinstatement.
Water Damage
Related glossary entry: Water Damage.
Xactimate Update
Related glossary entry: Xactimate Update.
First Notice of Loss (FNOL)
Related glossary entry: First Notice of Loss (FNOL).
Homeowner Claim Bill of Rights
Related glossary entry: Homeowner Claim Bill of Rights.
Content Cleaning
Related glossary entry: Content Cleaning.
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Your policy says more than you think. Find out what you are actually owed.
Licensed Florida public adjusters. Free claim review. No recovery, no fee.
- ✓Licensed Florida public adjusters
- ✓We work for policyholders, not insurance companies
- ✓No fee unless we recover more than you were offered
What kind of damage?
Pick the closest match. We will ask for details later.
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