PIPCO
Premium Finance Appalachian Underwriters offers premium finance for General Liability policies through PIPCO, our 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 insureds to keep policies in effect. PIPCO offers standard rate tables for interest rates and standard rates for down payments.
Each agreement is looked at on an individual basis and written quotes from competitors for the same loan can be used for comparison
About the PIPCO process...
When a quote is generated by AUI, a quote is also generated for PIPCO financing and sent to the agent at that time. 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 daily basis to help keep the agents accounts current and their broker statement clean.