Financing & Special Limits

Financing Insurance Premiums:

Our carriers offer payment plans for your annual insurance premium including 2 or 3 installment options.

The interest charge is, for example, either a flat fee or a small percentage (3 – 4% of the annual premium divided between the installments).

There is an option to qualify for a 3 or 6 postdated cheque installment plan with our office.

Monthly Bank Payment:

Pay directly out of your bank account by automatic monthly withdrawal. Two months premium may be required as a down payment and then your automatic withdrawals start the following month. A 3 – 4% interest charge is included, spread throughout the year.

Credit Cards:

Our carriers allow you to make your payment by Visa, MasterCard or American Express.

Special Limits of Insurance:

Many “target” or “specialty” types of items carry special limits of insurance. These limits were designed to afford enough coverage for the average policyholder. If you require more coverage in limit than what your policy affords, you can usually purchase increased limits or listed “floaters” to address this. Generally, the value of the limits vary between carriers and product packages, however, listed below are the most common items involved:

  • Jewelry and Furs
  • Business Property
  • Stamp & Coin Collections
  • Wine & Spirits
  • Money
  • Watercraft (boats)
  • Bicycles
  • Theft From Vehicle
  • Computer Software
  • Identity Theft
  • Student Property
  • Securities
  • Outdoor Trees/Plants/Shrubs
  • Garden Tractors
  • Mass Evacuation

The following discounts may be available against your package premium:

  • Claims Free Discount
  • Mature/Senior Discount
  • Increased Deductible
  • Long Term Policyholder
  • Burglary/Fire Alarm
  • Credit Scoring
  • Mortgage Free