Answers: Yes, read your policy, and if you don't understand it, telephone call the agent you purchased it from. He/she is your servicing agent, and have be paid a commission for your business, we haven't. What.. is everyone afraid of their agent or what..My clients phone me all afternoon with question like these, and I promote them to do so, that's what I'm here for, service after the sale.
Read the policy You ask your agent.
I've NEVER see a "grace period" on a homeowners. You've got the due date, and if you miss it, you bring back a cancellation identify, with a contradiction date. One second after the cancellation date, the policy is cancelled.
Now, frequent companies will reinstate it with a no loss dispatch, once or twice. Or they'll reinstate it, and not give you payments any more (pay contained by full).
You need to have a chat about it near your agent.
Read your policy.