|
What is Premium Finance?...
Insurance Premium
Financing -- Pay your insurance premiums by the month
Pavlos Pavlou Insurance Agencies will finance
your insurance premium and arrange for its payment
when it is due on your behalf. You then repay us by way of
monthly installments using a direct debit facility. We
can fund most commercial insurance policies.
The benefits of premium finance
to you...
- Budgeting of cash flows
The key benefit of premium finance to you is that the
monthly premium installment can be part of your budgeting
process. Rather than having to allow for large payments of
premium at a certain time during the year, the monthly
payment can be scheduled along with rent, utilities and
payroll.
- Increased leverage of available assets
Business loans require an asset to be mortgaged as
collateral and many companies are limited in their
borrowings by the amount of un-pledged assets. Premium
finance allows you to be able to use the asset of the
insurance policy to secure a loan. This leaves other
assets on the balance sheet untouched and free for other
uses.
- Alternate source of capital
By using premium finance you do not have to use other
sources of capital. Premium finance offers an additional
line of credit to assist in cash flow management.
- Fixed rate for the period of the loan
- Flexibility of due dates
The normal rule of premium finance is that the repayment
dates are at 30 day intervals commencing at the effective
date of the policy. We can move this date to any other day
of the month to suit your specific requirements.
- A simple contract and direct debit authority
A one-page contract and no need for you to provide a
cheque for any of the installments as a signed debit
authority will provide for this.
For
more information,
please contact us Today
Tel: (00357) 24819906
Fax: 001 775 667
3026
Mob: 99648011
Email:
pavlospavlou@yahoo.com
|