Policy financing for agents and brokers
Polfin gives insurance agencies a simple way to offer premium financing, so a large premium never stands between your client and the coverage they need.
Tell us about the policy. We reply with terms for your client.
The basics
Clear answers to the questions agents and their clients ask most.
Policy financing, also called premium financing, is a short-term loan that pays an insurance premium. Instead of paying the full premium when the policy starts, the insured makes a down payment and repays the rest in installments.
The agent sends us the policy details. The insured signs a finance agreement and pays the down payment. Polfin pays the remaining premium to the insurance company, and the insured repays Polfin on a fixed schedule.
Businesses and individuals who prefer to keep cash available instead of paying a large premium at once. It is most common for commercial policies such as general liability, commercial auto and commercial property.
The insured pays a finance charge. The finance agreement shows it as a dollar amount and as an annual percentage rate before anything is signed. The cost depends on the premium, the term and the down payment.
The finance agreement explains each step. A missed payment can lead to a late charge and, if the account stays unpaid, a request to cancel the policy. Call us before the due date and we will work with you.
No. A payment plan is offered by the insurance company for its own policy. Policy financing is a separate agreement with a finance company, and it can be used for policies that require the premium to be paid in full.
Why Polfin
We built Polfin around the agency workflow: quoting, binding and renewals, with financing that fits in instead of slowing you down.
Every program is designed around how agents and brokers sell and service policies.
Payment schedules, finance charges and totals are set out in plain language before your client signs.
A short application and a direct reviewer. You always know where a request stands.
Talk to the same team from quote to final payment, by phone or email.
Who we serve
Agents quote it, insureds pay it, carriers receive it. Polfin keeps all three moving together.
Quote financing alongside the policy and bind without waiting on a full premium check.
For agentsReceive premium at binding and work with one accountable finance contact.
For MGAs and carriersAgents and borrowers manage quotes, accounts and payments online, any time.
Go to loginPayment estimator
Enter the premium, down payment and term to estimate installments before you request a formal quote.
Estimated installment
Illustration only. Example APR is not an offer; actual terms depend on the policy, carrier and credit review.
How it works
Send the policy details through the form or by phone.
We return a payment schedule for you and your client to review.
Your client signs the finance agreement and makes the down payment.
Polfin pays the premium to the carrier and services the installments.
Our promise
Your client relationship is the most valuable thing in your agency. We treat it that way, with respectful communication and no surprises.
FAQ
Something else on your mind? Call 914-640-5740 and talk to our team.
Request a quote in minutes or call 914-640-5740.