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Billing: Payment Plans
RDU TEST
Created on October 11, 2024
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Example: Auto PoliciesIMPORTANT NOTES
- A $3 service fee is applied to each billed installment for all payment plan options, except Full Pay.
- In order to have a Monthly Pay Plan, insureds must sign up for
- Auditable Lines of Business are NOT eligible for Monthly Pay Plans.
Payment Plan Options for 6 Month Policies
Example: Homeowners PoliciesIMPORTANT NOTES
- A $3 service fee is applied to each billed installment for all payment plan options, except Full Pay.
- In order to have a Monthly Pay Plan, insureds must sign up for
- Auditable Lines of Business are NOT eligible for Monthly Pay Plans.
Payment Plan Options for 12 Month Policies
- A change form is required to add, modify, or delete a payment plan.
- Simply requesting E-Bill or EFT will not automatically place a policy on a Monthly Pay Plan.
- The payment plan must be indicated on the New Business Application.
- OR, if existing business, a change form must be submitted.
- Remember: E-Bill or EFT is required for Monthly Pay Plans.