Premium Financing
Unable to pay your premium upfront? We can help!
Blue Rock Insurance Services, Inc. provides premium financing options at competitive rates. These options can enhance your personal and commercial insurance policies. Instead of making a lump-sum payment, you can now spread the payments over regular intervals. This assists individuals and business startups lacking immediate cash to secure insurance coverage. Such coverage may not be available without adequate funding from the beginning. Our brokers will handle everything, from insurance to financing, on your behalf.
The benefits of premium financing
Avoid paying the full premium upfront.
Consolidate payments of multiple policies into one.
Prompt coverage for contract or project acquisition.
Full-service management of your policy.
No pre-payment penalty for early payoff.
Smooth cash flow and budgeting process.
Increased liquidity.
How does premium financing work
Like other loans, the finance company manages the premium payment owed to the insurance carrier. They divide the premium into monthly installments for the borrower. Instead of paying the insurance company directly, the borrower must pay the premium financing company. This payment includes both principal and interest. Depending on the type of policy and the underwriting guidelines, payment durations can differ. Payments may range from three to twelve months. This includes an initial down payment.