Call 305.461.2555
Have questions? Please review some of the Frequently Asked Questions.
Q. What is a premium finance company?
A. A Premium Finance Company is engaged in the business of making loans to the insured
in order to satisfy payment obligation with the insurance companies
in order to satisfy payment obligation with the insurance companies
Q. What happens after the insured signs a Premium Finance Contract?
A. Once an insured signs the premium finance contract, it creates a liability with
the
Premium Finance Company, and gives the legal rights to cancel the financed
insurance coverage if the loan’s payments are not satisfied in the scheduled dates.
Premium Finance Company, and gives the legal rights to cancel the financed
insurance coverage if the loan’s payments are not satisfied in the scheduled dates.
Q. How can an insured make the scheduled payments to the finance company?
A. An insured has many options to comply with the loan’s scheduled payments:
- Personal check or money order payable to "ABCO Premium Finance". The check must
be sent to the finance company prior to the due dates.
- Online payment option thru www.abcopfc.com, with check or credit card.
- Credit Card payment option by phone (305) 461-2555.
- Personal check or money order payable to "ABCO Premium Finance". The check must
be sent to the finance company prior to the due dates.
- Online payment option thru www.abcopfc.com, with check or credit card.
- Credit Card payment option by phone (305) 461-2555.
Q. What would happen if an insured misses the scheduled due payment?
A. By law the Premium Finance Company must give a five day grace waiting period
at no
extra charge. After the five day waiting period an intent of cancellation will be mailed
out to the insured and a late fee will be applied to the contract. Finally if payment is
not received ten days after the intent of cancellation, the finance contract will be
cancelled.
extra charge. After the five day waiting period an intent of cancellation will be mailed
out to the insured and a late fee will be applied to the contract. Finally if payment is
not received ten days after the intent of cancellation, the finance contract will be
cancelled.
Q. How could an insured or an insurance agent find information about a financed
contract?
A. Information is available online 24/7 at www.abcopfc.com. For an insured, the
contract number and the Zip Code will give access to the website.
Personalized customer service is available by phone at (305) 461-2555 weekdays
from 8:30am to 5:00pm (Eastern Time).
For more information please call the Marketing Department at (305) 461-2555
or e-mail us at floapf@abcoins.com.
contract number and the Zip Code will give access to the website.
Personalized customer service is available by phone at (305) 461-2555 weekdays
from 8:30am to 5:00pm (Eastern Time).
For more information please call the Marketing Department at (305) 461-2555
or e-mail us at floapf@abcoins.com.
