Letâs assume that a pure bread goat cost $300 each and a badger costs $500 each. (as a side note I found it is illegal to own a badger in England. Who knew? That would make the total cost of those two layers about $216,000 Maybe we could get a deal on bulk goats â Iâm not sure how that would work.
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Summary. As you can see, there are numerous situations when coverage may be extended beyond the actual premium due date for the renewal premium on an individual health insurance policy. The first, the grace period provision is a certainty.ne additional situation exists where coverage under the individual health insurance policy may be continued beyond the renewal premium due date even though the premium is not paid by that date. This situation can occur when it is the usual practice of the insurance company to accept late premium payments.