Why is first payment for the policy period more than the others?
Submitted by on Tue, 02/02/2016 - 08:50The first payment for the new policy period includes the $25 Renewal Fee.
The first payment for the new policy period includes the $25 Renewal Fee.
There is a $5 processing fee for each quarterly installment payment and a $1 processing fee for each monthly bank draft.
A flat amount added to the basic premium rate to reflect the cost of issuing a policy, establishing the required records, sending premium notices, and other related policy processing expenses.
No, there is not a charge for making a payment over the phone or online.