Premium Financing
Unable to pay your premium upfront?
We can help!
Blue Rock Insurance Services, Inc. offers premium financing options with competitive rates to supplement your personal and commercial insurance policies. Instead of making a lump-sum payment, you can now spread the payments over regular intervals. This helps individuals and business startups who do not have the current cash on hand to promptly obtain insurance coverages that would otherwise not accessible without sufficient funding from the start. Our brokers will manage everything from insurance to financing for you.
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
Similar to other types of loans, the finance company will handle the premium payment due to the insurance carrier and break down the premium into monthly installments for the borrower. Instead of making payments directly to the insurance carrier, the borrower, or insured, must make payments to the premium financing company with principle and interest. Dependent on the policy type and underwriting guidelines, the payments can range from three to twelve months, including a down payment.
