PREMIUM PAYMENT PLAN CONTACT INFORMATION


PO Box 668, Hudson New York 12534
Phone (800)677-3648 Fax: (518)822-9502

Helpful Hints

Processing:
Agreements will be processed and funded within 24 to 48 hours of receipt, provided that the following procedures have been followed: 1. Agent and insured have signed the agreement (or in states allowed, agent has signed on behalf of the insured). 2. The agreement has been dated. 3. Payments due within 10 days of the due date are collected by the agency with the down payment. 4. Policy information completed, including: effective date, policy type, insurance company and general agent (if applicable), premium, taxes and/or fees. 5. Correct down payment (see below Standard Terms)

Additional Premiums:
Please call PPP for additional premiums. Down payment required is 30%.

Large Agreements:
Accounts over $25,000 amount financed will need authorization. Authorization granted after insured is underwritten. All policies over $10,000 will be subject to verification. If the cash price is $50,000 or more, please submit original finance agreement.

How to Check an Account Online:
Log on to www.prempay.com, using your user id and password provided for quoting, click “producer link”. When searching by name, make sure your caps lock is ON.

Holding Accounts from Cancellation:
Most accounts will cancel 18 days after the due date. If you are in receipt of an insured’s payment, please call PPP and they will place a 5 day hold for an insured check and a 10 day hold for cash/agency payment.

Request for Reinstatement:
In the event the insured pays a cancelled account up-to-date, PPP will request reinstatement 10 days from the date of receipt. However, if the account is brought current with certified funds or an agency check, an immediate request to reinstate will be issued. Please follow up with the insurance company/general agent to verify the reinstatement.

Rate and Term Exceptions:
We recognize that there will be instances when you will need better terms and rates.

Standard Terms

Standard Account (with no minimum earned provision or extended cancellations): 20% down plus any non-refundable fees, 9 payments.

Minimum Earned: The down payment must include all minimum earned premium plus any non-refundable fees and 9 payments.

Extended Cancellation: Standard down payment, plus 5% for every 30 days of extended cancellation.
Assigned Risk Workers Compensation: 35% down and 8 installments.

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