Effective immediately, payment plan options have been changed for our homeowner and dwelling fire programs. Below is an outline of the specific updates:

Homeowners Program

2 pay plan : Down payment due at policy inception has been increased from 50% to 60% of total premium. Remaining 40% of total premium is due 180 days (increase from 60 days) after policy inception.

4 pay plan: Down payment due at policy inception has been increased from 25% to 40% of total premium. Remaining 60% of total premium is due in 3 equal installments at 90 days, 180 days and 270 days after the policy inception.

8 pay plan: No changes. Down payment due at policy inception is 25% in addition to the $25 policy fee and $2 EMPA fee. The remaining 75% of the premium is due in 7 equal installments at 60, 90, 120, 180, 210 and 240 day intervals after policy inception.  

Dwelling Fire Program

2 pay plan : No changes. Down payment due at policy inception remains 50% of total premium. Remaining 50% of total premium is due 60 days after policy inception. 

4 pay plan: Down payment due at policy inception has been increased from 25% to 40% of total premium. Remaining 60% of total premium is due in 3 equal installments at 90 days, 180 days and 270 days after the policy inception.

8 pay plan:  This is a recent addition. Down payment due at policy inception is 25% in addition to the $25 policy fee and $2 EMPA fee. The remaining 75% of the premium is due in 7 equal installments at 60, 90, 120, 180, 210 and 240 day intervals after policy inception.

Please note changes in the quick reference guides:

• Homeowner Quick Reference Guide
• Dwelling Fire Quick Reference Guide

If you have any questions regarding this change, please contact your area representative. As always, thank you for doing business with Universal North America.