|Number of Installments: 1||Annual Policies 11, 12, Semiannual Policies 5, 6|
|Downpayment:||Annual Policies 12 pay 9.0% downpayment,11 pay 10.5% downpayment,|
Semiannual Policies 5 pay 20.0% downpayment, 6 pay 17.0 % downpayment
|Electronic Funds Transfer Program (EFT):||N/A|
|Related Fees:||Non-Sufficient Funds Fee (NSF) - $15|
Late Fee (L) - $10
Reinstatement Fee - $25
|Application of Related Fees:||NSF - If an insured's check made payable to the company is returned to us by the financial institution not "honored upon first presentation. The fee will be assessed, and will be added to the next installment billing.|
L - will apply to any installment payment in default for 6 or more days,and will be added to the next installment billing or renewal offer.
R - will be assessed when a policy is reinstated.
|1The number of installments/payments includes downpayment. Installment fee is not charged on first installment/downpayment.|
2 A service fee of 1.5% times the unpaid premium balance will be added to each installment at the time of billing.
Please note that you have the option to pay your bill in full in one payment to avoid paying any of the applicable installment fees. Reasonable efforts have been made to ensure that this information is accurate, it may not apply to your specific circumstances. You are urged to contact your producer (agent, broker) or insurer with specific questions concerning installment plans.
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