COMMERCIAL PREMIUM PAYMENTS, Inc.; WHOLESALE  INSURANCE PREMIUM FINANCING

Wholesale Insurance Premium Financing,
Including Financial Incentives for Insurance Brokers*.
We are Commercial Premium Payments, Inc.,
Wholesale Premium Financing, with
Low Interest Rates & up to ten Small Payments​ .*

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Commercial Premium Financing For Corporations and LLC's as Low As 4.75%


Typical Premium Financing Terms:

 

Insured Customer Qualifications:
Typically we qualify our insured borrower based upon the insurance policies being purchased, as far as using a qualified insurance company, in a state where we do business (Most companies are qualified), and purchasing an insurance policy with terms that permit the insurance company's premium to be technically earned on a day to day basis, over a one year term, or possibly longer.

Usually the borrower's credit score does not impact the interest rate, and insurance premium loans are generally very quickly made available, at competitive interest rates for almost every commercial insurance customer who wants to pay on a monthly basis.

Typical Insurance Premium Financing Terms:
Most customers are only required to make an insurance premium deposit equal to about 15% of the annual insurance premium, in addition to any other taxes or expenses that are required to be paid at policy inception.

Some insurance policy financing will require a 25% deposit because the policy will state that the minimum premium is equal to 25%. Of course if the deposit is more than 15% of the premium, the monthly payments will be reduced.

Typical Repayment Terms:
Include 15% down payment and 10 monthly level payments. However, fewer payments are available upon request




Insurance Broker Premium Financing Incentives:


Insurance Brokers Placing Qualified Property and Casualty Insurance Policies Through Cover Agency, Ltd  should inquire about extremely low interest rate premium financing, beginning at Interest Rates for Commercial Business Insurance as low as 3.75%
In some states, when permitted by local law. Additional alternatives may include:

 1. A Flat Fee Negotiated between the Insured and the Broker, and paid when the financing is successfully structured, with money disbursed to the insurance company, or the Wholesale Agent or Broker.
2. An interest rate share paid by the Lender to the Insurance Broker, for the services provided for arranging the insurance premium financing.

3. Sometimes the Lender will offer a very low interest rate to the insured to assist the Broker in providing competitive cost to the Insured. Call us for a Premium Financing Rate Quote.


4. If you are the insured, and need a Low Interest Rate Premium Financing Quote, your Insurance Broker is welcome to contact us, or you can contact us directly.
Our contact information is: (718) 591-2400 (From 9:00 AM to 6:00 PM weekdays. After hours, if time is pressing, contact by text message at (347) 55-0800. We generally will quickly respond, even on the weekends.


Note that during the past year we have been able to quote interest rates for commercial insurance premium financing, offered directly to corporations or LLC's as low as 3.75%. Interest rates may vary depending upon the characteristics of the requested financing. available from

Contact Information:
Priscilla Li, Vice President
Commercial Premium Payments, Inc.

(718) 591-2400
Email: pli.coveragency@gmail.com


Note: Cover Agency is a wholesale insurance agent and broker, that does business with retail insurance brokers.
Executive Offices: 179-14 Union Turnpike, Fresh Meadows, NY 11366.

* Note: Insured interest rate sharing or other financial incentives are only available when permitted by local law.
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