What policies are eligible for financing?
•Agency billed policies
•Policy Term Lengths: 6, 9, 12+ months
•Policies with minimum earned premium less than 50%
•Minimum annual premium of at least $400
•Able to combine multiple policies on one finance agreement

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What payment plans are available for my insured?
•Monthly, quarterly, and semi-annual

 

What will the down payment be?
•The fully earned portion of the policy per the carrier and general agent which is nonrefundable once you bind the policy

 

What is minimum earned premium?
•The amount of premium that is fully earned and non-refundable upon binding coverage per the carrier

What documents do I need to set up financing?
•Signed finance agreement
•Agency collects the full down payment or send CPF the down payment authorization form if required

 

Where do I send the signed documents?
•All finance documents need to be submitted to CPF via email info@columbiapacificfinance.com or fax 877-679-0857

 

How is the interest rate decided?
•The interest rate is a very competitive rate based on the size of the premium (lower rate for larger premiums). For policies under $1,000 the finance charge can be as low as $3 a month!

 

Can CPF bind a policy?
•No! Only your underwriter can bind the policy.