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Offer clients flexible payment options while you get paid upfront. Our integrated financing solution streamlines the quote-to-bind process, reducing credit risk and increasing close rates.
Instant Approval • No Credit Risk • Seamless Integration
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Our seamless 7-step process integrates directly into your existing workflow, making premium financing as simple as a regular policy binding.
Agent prepares a proposal and InsurGrid automatically generates financing options alongside pay-in-full. Show clients flexible terms like 20% down and 9 monthly payments.
Client chooses the installment plan and completes a quick online application. Most details are pre-filled using existing policy and customer data.
Premium finance partner evaluates the application instantly. Client receives approval in seconds and e-signs the Premium Finance Agreement in the same session.
Finance provider funds the full premium to InsurGrid immediately. The policy is bound and activated just as if the client paid in full upfront.
Client pays the financing company back over agreed installments. InsurGrid facilitates automatic monthly debits and payment management through integrated portal.
All finance details logged in InsurGrid's dashboard. Agents can see which clients financed, terms, and payment status through integrated API management.
Quote-to-bind process is faster and smoother. Agents can close deals on the spot while offering flexible payment plans that match direct bill carriers.
InsurGrid Premium Financing creates a win-win situation for agents and clients, streamlining the insurance process while improving financial flexibility.
Offer flexible payment options that remove the upfront payment barrier, helping you close more deals and increase your conversion rate.
The financing partner handles all credit risk and collections, so you can focus on what you do best - selling insurance.
Complete the entire financing process in one session, allowing you to bind policies immediately and close deals on the spot.
Pay for insurance in manageable monthly installments instead of one large upfront payment, improving cash flow management.
Get immediate insurance coverage without waiting for financing approval or separate contract processes.
Complete financing application in minutes with pre-filled information and seamless e-signature process.
Join thousands of agents who are already using InsurGrid to streamline their sales process
"The premium financing integration has been a game-changer. We can now offer flexible payment options without any additional paperwork or credit risk. Close rates increased by 35%."
"Our clients love the seamless experience. They get instant financing approval and we get paid upfront. It's exactly what we needed to compete with the big carriers."
"InsurGrid's premium financing solution eliminated the back-and-forth with separate finance companies. Everything happens in one session, making our sales process incredibly smooth."
Faster premium collection
Processed monthly
First-attempt payment success
Days to commission payout
Everything you need to know about InsurGrid Premium Financing
InsurGrid's premium financing is embedded directly in the quoting process. When presenting policy options, agents can offer both pay-in-full and financing options side-by-side. Clients can apply for financing, get instant approval, and e-sign all documents in one seamless session.
Financing terms vary by client and policy, but typically include down payments ranging from 10-25% and monthly installments over 9-11 months. Interest rates and specific terms are determined by our financing partners based on the policy details and client qualifications.
The premium financing partner handles all credit risk, underwriting, and collections. Insurance agents and agencies have zero credit risk exposure. If a client defaults on payments, the financing partner handles all collection activities.
Most financing applications are approved instantly through our automated underwriting system. The entire process, from application to e-signature, typically takes just a few minutes and happens during the same session as the policy quote.
Yes, InsurGrid Premium Financing supports both personal and commercial insurance policies. The solution works particularly well for higher-premium policies where clients benefit most from installment payment options.
InsurGrid Premium Financing integrates with existing quoting workflows through our API. It works alongside InsurGrid Quotes or can integrate with external quoting systems to provide seamless financing options during the proposal process.
Agents receive their full commission immediately when the policy is bound, just as with cash payments. Some financing partnerships may also offer small referral fees, but the primary benefit is increased close rates and faster policy binding.
Clients can typically pay off their financing early, often with reduced interest charges. The specific early payoff terms depend on the financing partner's policies. Agents can assist clients with payoff requests through the InsurGrid dashboard.
Join thousands of insurance agents who are already using InsurGrid Premium Financing to close more deals, reduce risk, and offer better client experiences.
Setup takes less than 24 hours • No upfront costs • Cancel anytime
Questions? Contact us at sales@insurgrid.com
