What typically follows a policy being past due for less than 6 days?

When a policy is past due for less than 6 days, it typically enters a grace period. This grace period allows the policyholder a short amount of time to pay the premium without facing immediate penalties or policy cancellation. During this time, the coverage remains in effect, giving the insured an opportunity to make the payment without losing their benefits.

In many insurance agreements, the grace period is a standard practice, designed to accommodate policyholders' occasional lapses in payment due dates. It helps prevent sudden interruptions in coverage, which could lead to financial risks for both the policyholder and the insurer.

The other choices involve more severe actions or notifications. Penalty fees are generally applied after the grace period or if the payment is not made promptly. Policy cancellation would typically occur after a longer duration without payment, often extending past the grace period. A renewal notice may also be issued, but it usually pertains to the advance notice regarding an upcoming policy expiration rather than addressing a missed payment.