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There is no grace period after signing a car lease. This assumes that there was no misrepresentation or fraud in the inception of the agreement. Also, dealerships generally display a No Cooling Off Period in the financing office and similar language is customarily on the lease and other documents.
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.