Installment Plans:
Payment of the full balance, or an amount equal to or greater than the minimum, can be
made at any time during the payment plan.
|
Installment |
6-Pay Plan |
Due Date |
| 1st |
25% |
Effective
date of policy |
| 2nd |
15% |
50 days
after effective date |
| 3rd |
15% |
100 days
after effective date |
| 4th |
15% |
150 days
after effective date |
| 5th |
15% |
200 days
after effective date |
| 6th |
15% |
250 days
after effective date |
|
Installment |
9-Pay Plan |
Due Date |
| 1st |
20% |
Effective
date of policy |
| 2nd |
10% |
30 days after
effective date |
| 3rd |
10% |
60 days after
effective date |
| 4th |
10% |
90 days after
effective date |
| 5th |
10% |
120 days
after effective date |
| 6th |
10% |
150 days
after effective date |
| 7th |
10% |
180 days
after effective date |
| 8th |
10% |
210 days
after effective date |
| 9th |
10% |
270 days after
effective date |
Policy is paid in full within
8 months on the 6-Pay Plan.
Policy is paid in full
within 9 months on the 9-Pay Plan.
Endorsement premiums
applied during the payment period will be split among remaining billings.
Endorsement premiums
applied after policy has been paid will be billed in full.
If you choose an installment
plan, a
$5.00 service charge will be applied to each billing.
$10 service charge applies if
non-payment cancellation is issued.
This is intended to recover transaction costs.
$15 bounced check service charge is applied for any
dishonored check to cover bank charges that we incur.
2 non-pays
during a policy period will result in the requirement of the
remaining
policy premium being paid in full upon the next billing period. |
