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Thread: Grace Period

  1. Bond Magician
    Bond Magician is offline Senior Member
    Join Date
    Oct 2007
    Posts
    401

    Grace Period

    I just got an invoice in the mail for my bond renewal. Do you have a grace period if I cannot pay the renewal premium by the due date?
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  2. Surety Queen
    Surety Queen is offline Surety Professional
    Join Date
    Oct 2007
    Posts
    558

    Commercial Bonds

    Quote Originally Posted by Bond Magician
    I just got an invoice in the mail for my bond renewal. Do you have a grace period if I cannot pay the renewal premium by the due date?
    Possibly. It really depends upon who the Surety company is. It's best that you have a dialogue with your bond representative to see what the drop dead date is to receive your renewal premium.
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