General Payment
Information
Personal Residential
Payment Plans
Commercial
Payment Plans

Personal Residential Payment Plans

Policies that insure property for individuals, which can be either renters (contents) policies, or dwelling fire policies/homeowners policies on homes, mobile homes, condominium units, etc. These policies will be charged a one-time $10.00 fee and a $3.00 fee per each installment. Therefore, the quarterly and semi-annual payment plans would be as follows for a personal policyholder:

Quarterly Payment Plan:
1. 40% of the total policy premium is required as an initial payment that is due by the effective date of the policy or the date of issuance, whichever is greater,
2. 20% of the total policy premium is due 90 days after the policy effective date,
3. 20% of the total policy premium is due 180 days after the policy effective date,
4. 20% of the total policy premium is due 270 days after the policy effective date.

Example:





Semi-Annual Payment Plan:
1. 60 % of the total policy premium is required as an initial payment that is due by the effective date of the policy or the date of issuance, whichever is greater,
2. 40% of the total policy premium is due 180 days after the policy effective date.

Example: