For most of our companies the finance cost is 3% of the Annual policy cost.
EXAMPLE - Annual policy cost $600
The finanace cost is calculated as: $600 X 3% = $18
The monthly payment is then: $600 + $18 = $618 / 12 = $ $51.50 per month
The Down Payment is TWO MONTHS so in our example $51.50 X 2 = $103.
Most plans allow you to select the day of the month you want the payment taken from your account. Let us know if you change your bank.
NSF payments will result in policy cancellation by the insurer. Call us if you have an NSF so we can make alternate arrangements for payment and try to keep coverage for you.