• Top reasons why premium finance isn't available

Financing is available on a per-program basis. For programs containing multiple quotes, anyquotecan block financing for the entire program. For example, if you added three quotes to a checkout link with two quotes that allow for financing and one with a carrier that doesn't allow for third-party premium financing, then the whole program will offer only pay in full.

• Effective date. Policies are only financeable with an effective date of 50 days in the past.

• Term. The term must be a minimum of six months long to be eligible for financing and longer than one year.

• Coverage Type. Currently, the following coverages are not supported for financing:

  • Flood

  • Wind

  • Builders Risk

• Premium Amount. Policies under $250 need to be more financeable.

• Minimum Earned Rate. Policies where the minimum earned rate is 100% are not financeable.

• Processing payments. Premium financing for endorsements will not be available if a payment is being processed on the program. Financing will become available again after the upcoming installment has been paid and applied to the loan.

• Status. The insured's existing loan must be in good standing (cannot be in any of the following statuses: Overdue, Pending Cancellation, Cancelled)

• More than 2 Remaining Payments. The loan must have at least two installments and at least 74 days before policy expiration.

• Financed original policy. The original policy must have been financed through Ascend (i.e., we cannot finance an endorsement if the original policy was paid for in full).

Need more help? Contact us at support@useascend.com for more help.