Question 1

What is premium financing?

Accepted Answer

Premium financing allows an insured to pay their insurance premium over time instead of paying the entire premium upfront. USIF helps convert annual insurance premiums into manageable payment plans.

Question 2

What types of insurance premiums does USIF finance?

Accepted Answer

USIF finances a wide range of commercial insurance, homeowners and personal lines, and Excess & Surplus (E&S) coverage.

Question 3

Do you finance small insurance premiums?

Accepted Answer

Yes. USIF welcomes accounts of all sizes and specifically notes that small premiums are not turned away.

Question 4

What payment schedules are available?

Accepted Answer

Payment plans can be structured around the insured's cash flow, including monthly, quarterly, annual, or seasonal payment schedules.

Question 5

What insurance industries and coverage types do you finance?

Accepted Answer

USIF finances a broad range of coverage, including commercial property and casualty, workers' compensation, E&S, professional liability, homeowners, construction, hospitality, manufacturing, energy, marine, environmental, healthcare, technology, financial institutions, bonds, and more.

Question 6

Do you finance hard-to-place or specialty insurance risks?

Accepted Answer

Yes. USIF finances Excess & Surplus Lines and specialty placements, including hard-to-place risks and non-admitted carrier placements across industries.

Question 7

What if I don't see my type of insurance listed?

Accepted Answer

The listed coverage is not exhaustive. If your line of business isn't shown, contact USIF to discuss your account and financing options.

Question 8

Who can work with USIF?

Accepted Answer

USIF works with retail brokers, managing general agents (MGAs), insurance companies, agents, and general agents to provide premium financing solutions for their clients.

Question 9

How does the premium financing process work?

Accepted Answer

The process starts with an application through USIF's online quotation system. USIF verifies the policy details with the agent, and once the agreement is signed, the contract is processed and funded.

Question 10

How quickly can a financing contract be funded?

Accepted Answer

USIF states that once the contract is signed, it is processed and funded without unnecessary delay.

Question 11

What payment methods does USIF accept?

Accepted Answer

USIF accepts EFT/ACH, credit card, and electronic payments, and provides online access for notices and account management.

Question 12

What rates does USIF offer?

Accepted Answer

USIF offers tiered finance charges based on the amount financed. The listed 9-payment rates range from 13% for $500–$2,000 down to 10% for $5,001–$10,000; accounts above $10,000 should contact USIF for rate information. Rates and terms may vary by premium size and line of business.

Question 13

Does USIF serve customers in my state?

Accepted Answer

Yes. USIF states that it provides premium financing services across all 50 states.

Question 14

Why should I choose USIF for premium financing?

Accepted Answer

USIF offers competitive financing, flexible payment structures, fast processing, financing across a broad range of insurance lines, and a network of more than 300 agents and reputable carriers. The company also emphasizes personalized service and accounts of all sizes.

Frequently Asked Questions

Still have a question?

Frequently Asked Questions

Still have a question?

Frequently Asked Questions

01What is premium financing?

02What types of insurance premiums does USIF finance?

03Do you finance small insurance premiums?

04What payment schedules are available?

05What insurance industries and coverage types do you finance?

06Do you finance hard-to-place or specialty insurance risks?

07What if I don't see my type of insurance listed?

08Who can work with USIF?

09How does the premium financing process work?

10How quickly can a financing contract be funded?

11What payment methods does USIF accept?

12What rates does USIF offer?

13Does USIF serve customers in my state?

14Why should I choose USIF for premium financing?

Still have a question?

Frequently Asked Questions

01What is premium financing?

02What types of insurance premiums does USIF finance?

03Do you finance small insurance premiums?

04What payment schedules are available?

05What insurance industries and coverage types do you finance?

06Do you finance hard-to-place or specialty insurance risks?

07What if I don't see my type of insurance listed?

08Who can work with USIF?

09How does the premium financing process work?

10How quickly can a financing contract be funded?

11What payment methods does USIF accept?

12What rates does USIF offer?

13Does USIF serve customers in my state?

14Why should I choose USIF for premium financing?

Still have a question?