The two most frequently asked questions:
Do we provide financing? We now have a premium finance option available. Terms are 20% of your premium plus a $60 interest fee as a down payment and the balance divided over six equal installments. A credit or debit card is required to be left on file with the insurance company and the monthly installments are billed on the 28th day of the month. If you are financing the minimum premium, the down payment is $150, monthly installments are $60 and the A.P.R. is 50.1%. The reason it is so high is that you are paying $60 to finance $300 over 6 months. Because the interest fee is a flat $60, as the premium goes up, the A.P.R. goes down.
What if my student count goes up or if it goes over 50 students? This is not a problem and we only adjust your premium once a year. You could start year with one student and end with 200 and it is not a problem. Each year at renewal time we will ask your student count and base your next years premium on that number. By the same token it goes both ways. If you start off at 100 students and end up the year at 25 students, the insurance company is not sending any money back. All we ask is that you have all your students sign a waiver and keep them on file.
Do you have a question not covered here? Reach out to us via our contact page.