Payment Plan Options

Patrons Oxford offers a payment plan option for all customers.

Payment Plan

Payment Plan Options

A. One Payment

This option is typically used for Mortgage billed policies. Payment in full, due on inception date with no service charge.

B. Two Payments

Fifty percent (50%) due on inception date or with application. Second installment due in five (5) months.

C. Four Payments 

Includes four (4) installments of twenty-five percent (25%) each. First installment is due on inception date or with application. Second installment is due in 80 days. Third installment is due in 156 days. Fourth installment is due in 247 days. A service charge is included in the second, third and fourth installment.

D. Nine Payments

Twenty percent (20%) due on inception date or with application. Eight additional equal installments of (10%) billed at 30 day intervals.

E. Twelve Payments

Available for policies that are enrolled with EFT. Installments will be spread evenly for the first year at 30 day intervals (this typically means 10 or 11 equal installments in the first year depending on the date the application is processed). You will have 12 equal installments in future years. The Minimum Due is automatically deducted from your bank account on the due date or the first business day following the due date.

 

Payment Plan Charges

Are you signed up for E-Bill? Are you signed up for EFT? Your Installment Charge is:
Our best option! You pay $0.00 per installment fee. Congrats!
You pay $2.00 per installment charge. Reduce this to $0.00 by signing up for EFT.
You pay $2.00 per installment charge. Reduce this to $0.00 by signing up for E-Bill.
You pay $5.00 per installment charge. Reduce this to $0.00 by signing up for EFT and E-Bill.
 

 

Insufficient Funds and Late Payments

Insufficient Funds Processing (Bounced Checks)

There will be an insufficient fund fee charge. Checks and electronic payments not honored by a financial institution maybe subject to a notice of cancellation. Future payments may require a Cashier's or Certified Check. When a payment that reinstated a policy is not honored, we will rescind the notice of reinstatement and cancel the policy on the original date of cancellation. Please contact your Agent for additional information.

Late Payment Fee

A late fee will be applied to the second and any subsequent Cancellation Notice for each policy term.