We only finance the policies we issue, with an easy, one-step contract signed by the insured. More importantly, the financing contract is between us and the insured. There is no recourse to the agent if the insured defaults. The agent is only responsible for the down payment once a signed contract is received. The customers' are not subject to a credit check for this service. And, the only requirement for obtaining a premium finance loan is that the customer is being sold a policy that is eligible for financing.
The following are ineligible:
· NFIP Flood
· Premiums under $150
· Policies that are fully earned
· Policies subject to audit
· Policies with less than a 12 month term
· Personal watercraft
· For financing of commercial auto policies, contact your GRI Underwriter
The loan can be made at the time the agent sells the insurance policy with the completion of a simple, one-page finance agreement. The customer receives a monthly payment coupon book and mails their payment each month directly to Graham-Rogers.
