PREMIUM FINANCING AGREEMENT
Dear (Customer Name),
RE: Policy
Policy Number
Company
As we agreed, the premium for this policy is being financed with ( ). It is very important that premium payments be made on time. If they are not, you will be charged a penalty. If the payment and the penalty are not paid, the policy will be canceled for non-payment of premium.
Knowing how important your insurance is to you, we wanted to explain the problem that arises due to late payment of premium.
Often, after cancellation, it is not only difficult to obtain other insurance, but it can also cost much more.
Thank you again for placing your coverage with us. We hope you will give us a call for information concerning this or any other kind of insurance.
Sincerely,
Enclosure