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 insured to keep policies in effect. PIPCO offers standard rate tables for interest rates and standard rates for down payments. However, in a competitive situation each agreement is looked at on an individual basis and compared to written quotes from competitors for the same loan.
About the PIPCO process ...
When an quote is submitted to the agent by AUI, a finance quote option is provided at the same time. If the finance quote is accepted, signed, and sent back to AUI, it is then forwarded on to PIPCO to be activated. 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 weekly basis to help keep the agents accounts current and their broker statement clean.