Phoenix, AZ (PRWEB) July 5, 2006
Insurance Premium Financing gives consumers help in purchasing insurance policies they could not afford to purchase. Most insurance policies require the payment of the full year premium up front. Premium Financing gives the consumer the option to purchase an insurance policy with a low down payment and low monthly payments.
Here is how it works: When the consumer purchases an insurance policy from their insurance agent, a premium finance company loans the consumer money for the insurance purchase. The transaction is simple and quick. It takes place in the insurance agent’s office as part of the policy purchase.
The customer is not subject to a credit check. The only requirement for obtaining a premium finance loan is that the customer is being sold a valid insurance policy that qualifies for financing. Most personal and commercial policies qualify for financing.
One experienced company providing this service is Arizona Premium Finance Co. in Phoenix, Arizona (http://www.APFCINC.com). They provide loans in many States nationwide. According to Allan Rosenblum of Arizona Premium Finance, the loan is made at the time the agent sells the insurance policy with the completion of a simple one page finance agreement. The customer receives a monthly payment coupon book and mails their payment each month to the finance company. So long as the consumer pays their monthly payments, the policy remains in effect.
Rosenblum explains that our customers include individuals purchasing an automobile policy, small businesses and large companies with a fleet of vehicles. Financing is available on many types of polices such as Assigned Risk, Commercial, Personal Auto, Homeowners, General Liability, and Excess & Surplus Lines policies. Finance companies work with insurance agents and insurance companies to give the consumer another option to purchase an insurance policy. Additionally, the sale of more policies means the agent and insurance company are more profitable by using our premium finance services. More information is available on Arizona Premium Finance’s website at http://www.APFCINC.com or by calling 800-873-2732.