Frequently Asked Questions
Welcome to our FAQ page! Here, you'll find answers to common questions about our services.
FAQs
Find answers to common questions about our payment and premium finance solutions.
Premium finance allows insurance agents and brokers to offer clients flexible payment options for their insurance premiums. This enables clients to manage their cash flow more effectively while ensuring they maintain coverage. Our platform simplifies this process, making it easy for agents to set up and manage financing.
GoToPremiumFinance specializes in premium financing solutions, enabling insurance agents, brokers, MGAs, and carriers to offer flexible payment options for policyholders.
Premium financing allows policyholders to break their insurance payments into manageable installments rather than paying the entire amount upfront, improving cash flow and preventing coverage lapses.
We cater to independent insurance agents, brokers, MGAs, and carriers who want to provide premium financing options to their clients, enhancing financial flexibility.
Policyholders can make payments through various methods, including credit cards, ACH transfers, and online banking via our secure web and mobile. This flexibility allows policyholders to choose the method that works best for them. Agents can customize payment plans to suit individual client needs.
We provide proactive email and text reminders to help policyholders avoid missing payments. If a payment is not received, a grace period may be available before policy cancellation.
Our platform employs advanced encryption and security protocols to protect sensitive financial and personal information.
Getting started is easy! Simply sign up on our website and create your account. Once registered, you can begin exploring our features and setting up your premium finance options.
We provide automated payment reminders, flexible financing terms, and online account access to help ensure clients keep their policies active and avoid cancellation.
Yes, where permitted by state regulations, agents and brokers can participate in revenue-sharing opportunities from financed accounts.
You can submit premium finance agreements easily through our online portal, eliminating the need for manual paperwork and processing delays.
Yes, our system automatically sends first-payment notifications at the point of sale, helping to reduce cancellation risks and improve payment compliance.
Absolutely. Our online portal allows agents and brokers to access payment history, policy details, and account notices in real time.
Our system allows you to hold cancellations for up to five days instantly, giving policyholders additional time to make their payments without requiring a phone call.
Yes. Our platform includes an exclusive cross-promotion program that allows agency partners to showcase customizable promotional messages on client accounts.
Agents and brokers have access to:
- A streamlined online endorsement system.
- Automated policy funding and allocation tools.
- Instant quoting and e-signature for premium finance agreements.
- Recurring payment setup to help clients stay current on payments.
We streamline payment processing, automate policy funding, and offer client-friendly financing solutions to improve retention and reduce administrative workload.
Our automated system calculates down payments and funding distributions, ensuring accurate and transparent payments to markets and policyholders.
Yes. Our platform generates detailed financial reports and notices that can be automatically delivered to your inbox daily.
We provide seamless integration with various insurance management platforms to improve operational efficiency and accuracy in financial transactions.
We reduce manual processing, automate billing and notifications, and provide real-time policy management tools, allowing MGAs and carriers to focus on business growth.
Yes, our system provides proactive email and text notifications to policyholders regarding payment due dates, preventing unnecessary cancellations.
Yes. We offer flexible premium financing structures that allow MGAs and carriers to tailor financing options to better serve their clients’ needs.
Yes. Our mobile-friendly portal allows MGAs and carriers to monitor accounts, access reports, and manage policies from anywhere, anytime.
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