Introducing Monthly Payments
for E&S Homeowners Policies
Recently we announced our newly released E&S Payment Plan, giving your customers more options when purchasing a Swyfft policy.
Now, when you write an E&S policy through Topa on Swyfft.com, you’ll see monthly as an additional payment option. With it, you’ll notice we are collecting a one-time, down payment consisting of 30% down, with 10 equal installments to follow. The down payment amount and the subsequent monthly payment amounts will be clearly displayed as shown in this example:
You’ll also notice an installment fee applies – which varies based off premium.
See Chart below.
We’ve updated the ARC with this information here: FAQ Page.
PLUS!
Our E&S Payment Plan is now available to insureds upon renewal looking to make the switch. (Helpful Hint: Be sure to update their payment type prior to their full payment drafting on their effective date.)