Premium Finance
Appalachian Underwriters offers premium finance options for AIC general
liability policies through "PIPCO", their in-house finance company.
PIPCO is dedicated to offering competitive financing arrangements,
interest rates and payment terms second to none in the industry and a
willingness to work with the agents and insured to keep policies in effect.
PIPCO offers standard rate tables for interest rates and standard rates for
down payments. However, in a competitive situation each agreement is
looked at on an individual basis and compared to written quotes from
competitors for the same loan.
|
|
|
Phone:
|
(866) 551-8830
|
|
Fax:
|
(866) 353-6673
|
|
About the PIPCO process...
When an AIC quote is submitted to the agent by AUI, a finance quote option
is provided at the same time. If the finance quote is accepted, signed,
and sent back to AUI, it is then forwarded on to PIPCO to be activated.
PIPCO compares the effective dates, the dollar amounts of the loan and the
amount of the down payment to make necessary corrections if needed before
the loan is activated. In the event that we get an agreement late, after
payments are due, we do not activate until we receive payment to bring the
account current, saving unnecessary cancellations and late charges. We make
every effort to fund these loans to AUI on a weekly basis to help keep the
agents accounts current and their broker statement clean.