We’ve been listening to our agents, and know that you don’t like dealing with Premium Finance if you can avoid it.
We agree, and we’re thrilled to announce that Texas Elite HOA/HOA+/HOB policies will no longer need Premium Finance.
As of now you are able to offer a Direct Bill option with 16% of premium plus taxes and fees down and the remaining premium spread evenly across 9 monthly payments. An installment fee of $5 will apply to each installment, but you will not need to explain Premium Finance to your clients or complete any special paperwork.
Existing policies originally issued using Premium Finance will automatically be offered the direct bill installment plan on renewal.
We hope you’re as excited as we are about this significant improvement in simplicity and ease of use.