Who do
you provide finance for?
We provide the finance facility to brokers who in turn offer this to their clients.
What insurance policies do you finance?
We cater for the two principal types of premium finance: personal and commercial lines.
What are the benefits of using premium finance?
Premium finance allows you to spread
the cost of your insurance and frees up your money for other uses.
Is there much paperwork?
Because your broker can access our service online, paperwork is kept to a minimum.
How flexible is the system?
If you want to change your repayment
date or add another policy to your premium it can be dealt with
electronically, with one call to your broker. If you're a personal
lines customer and you want to change your address, or the date
on which we take your direct debit, for example, we can easily alter
your payment plan to suit you.
How do I renew?
We will invite you to renew through
your broker, well in advance of your renewal date. You will not
be required to sign any further documentation unless you need to
change your bank or personal details.
Am I tied to any insurance company?
Close Premium Finance is independent
so your broker is free to recommend the best policies. We simply
forward the funds for your premium to your broker who then forwards
it to the insurance company you've chosen.
How do I pay?
All monthly instalments are paid by direct debit. If a deposit is required, your broker will discuss payment with you. A number of options may be available.
Who do I contact to make changes to
name, address, premiums or account details?
To update your details, you should
contact your broker in the first instance. The only exception is
changing direct debit details, where you should contact us as soon
as possible to ensure your monthly payment does not default. Please
note that you may need to complete a form in some instances.
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