Insurance is a crucial safety net that provides peace of mind by protecting against unexpected events. However, the requirement to pay insurance premiums in one lump sum can be a significant financial burden for many individuals and businesses. To address this issue, we at Reliable Insurance Brokers offer an innovative Installment Plan, allowing you to pay your insurance premiums in manageable monthly installments. This guide will walk you through everything you need to know about our Reliable Installment Plan.
Understanding the Installment Plan
Our Reliable Installment Plan is designed to make insurance more accessible by spreading the cost of premiums over several months. We advance the full premium payment to the insurance company on your behalf, allowing you to repay us in installments without any additional interest.
Key Benefits:
- Affordability: Spread the cost of your premium over up to 12 months.
- No Interest: Pay in installments without any interest charges.
- Flexibility: Choose a payment term that suits your budget.
- Immediate Coverage: Enjoy insurance coverage from day one, even if you haven't paid the full premium upfront.
Applicable Insurance Products:
Our Installment Plan is available for the following types of insurance:
- Motor Vehicle Insurance
- Property Insurance
- Accident Insurance
- Travel Insurance
How the Installment Plan Works:
- Initial Payment: You need to pay at least 25% of the total premium due at the start or within three months from the policy inception date.
- Advance by Reliable Insurance Brokers: Upon receiving the initial payment, we advance the full premium to the insurance company, ensuring that your policy is valid and claims can be processed if needed.
- Monthly Installments: Repay us in monthly installments via post-dated checks (PDCs), bank deposits, or G-Cash. Remember to send us the payment confirmation for acknowledgment.
- Taxes: The first installment includes full payment of VAT, DST, and local taxes, which are non-refundable.
- Handling Defaults: If you miss a payment and do not remedy it within 30 days, your insurance policy will be canceled.
- Claims: In the event of a claim, you must pay the remaining balance of the installments before the claim is processed.
Application Process
To apply for our installment plan, start by getting a quote through our website. Follow the application steps and choose the installment option in the payment field. For a detailed step-by-step application process, refer to our Complete Guide to the Reliable Application Process.
Handling Late Payments or Defaults
We understand that situations can arise where you might miss an installment payment. If this happens, it's important to address it promptly. If you miss a payment and do not remedy it within 30 days, your insurance policy will be canceled. To maintain continuous coverage, ensure timely payments or contact us immediately to discuss any difficulties you might be facing. For more details on the payment and collection process, refer to our Complete Guide to the Reliable Payment and Collection Process.
In the Event of a Claim
Should you need to file a claim, please note that any outstanding balance of your installments must be paid before the claim can be processed. This ensures that your coverage remains valid and that we can handle your claim efficiently.
For more details on the claims process, refer to our Complete Guide to the Reliable Claims Process.
Contact Information for Assistance
Should you have any questions or require further assistance on the installment plan:
- Call: +63 2 8631 9285 to 86
- Mobile: +63917 175 9028
- Email: info@reliable-insurance.ph
- Messenger: m.me/reliable.insurancebrokersph
Our Reliable Installment Plan makes insurance more accessible and affordable by allowing you to spread the cost of your premiums over several months. This innovative solution ensures that you can maintain essential coverage without straining your finances. For more information or to apply for the installment plan, contact Reliable Insurance Brokers today.
Ready to make insurance more manageable? Apply for the Reliable Installment Plan today and enjoy the peace of mind that comes with comprehensive coverage without the financial burden of a lump sum payment. Talk to us to get started.
