Down Payment Schedule

 
Down Payment Schedule
Personal & Commercial Lines
Min Down Pay.
Max No. Pmts
I. Annual Non Brokered Standard Policies (Agent is licensed with company)    
  Audited
25%
10
  Non Audited
20%
10
       
II. Annual JUA Policies
25%
10
  Annual CITIZENS Policies & Admitted Homeowner Policies
10%
10
       
III. Annual Brokered and Non Standard/Admitted Policies requiring 10 days or less to effect cancellation:    
  Pro-Rata Cancellation
20%
10
  90% Pro-Rata
25%
10
  Short Rate
30%
10
       
  Annual Brokered Non-Admitted/Surplus Lines Policies* requiring 10 days or less to effect cancellation:
35%
10
       
  Annual Brokered Non Standard & Admitted policies requiring more than 10 days to effect cancellation:    
 

Pro-Rata Cancellation
30%
10
  90% Pro-Rata
35%
10
  Short Rate
40%
10
       
IV. Six month policy requiring 10 days or less to effect cancellation.
50%
3
       
  Six month policy requiring more than 10 days to effect cancellation
65%
3
       
V.

Additional Premiums:

    
  Effective within first half of payment schedule.
30%
  
  Effective within 2nd half of payment schedule.
50%
  
       
*Down payment must be at least 5% greater than any minimum earned premium plus taxes and fees on agency new business.
**DPB must be named as loss payee on any policy that has a fully earned premium in the event of a loss.
Toll-free quote line: 1.800.771.1546
or email us at info@dpbonline.com
 

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