When you take out an insurance policy, the full annual premium is due to Insurers within 30 days. We have found with the increasing costs of living/running a business it is often difficult to find the funds to pay the insurance premiums in full within the required time limit. We are finding more of our clients are utilizing the instalment plan as it helps spread the costs of a period of time and also helps businesses with cash flow.
Download a Direct Debit Authority complete, sign and post or email to us.
On receipt of the Direct Debit Authority we will set up a Finance agreement which sets out the terms and conditions of the agreement.
You can view the terms by clicking here.
A copy of the Finance Agreement and your payment schedule will be sent to you for you to sign. On receipt of the signed Finance Agreement, Cornwall Funding will then pay over the premiums to the Insurer, on your behalf, and then deduct this amount from you in equal instalments over the agreed period.
In the event that you cancel your Direct Debit Authority or miss an instalment due to insufficient funds, Cornwall Funding has the right to cancel your insurance policies to recover our funds. (See clause 11 of the Terms and Conditions).