NEW YORK MUTUAL
UNDERWRITERS

 

 

 
 
 
 
 
 
 
 
 
 
 
 

BASIC FEATURES OF OUR DIRECT BILL PROGRAM

INCLUDE THE FOLLOWING:

         

6-Pay Plan

     available for BOTH Commercial AND Personal Lines Policies

9-Pay Plan

     available for BOTH Commercial AND Personal Lines Policies

 

 

     

 

Installment

6-Pay Plan

9-Pay Plan

Billing Cycle

Due Date

       

 

1st

25%

20%

 due at policy inception

Payment

2nd

15%

10%

 30 days after policy eff. date

for

3rd

15%

10%

 60 days after policy eff. date

each

4th

15%

10%

 90 days after policy eff. date

bill

5th

15%

10%

120 days after policy eff. date

is due

6th

15%

10%

150 days after policy eff. date

within

7th

 

10%

180 days after policy eff. date

20 days

8th

 

10%

210 days after policy eff. date

after the

9th

 

10%

240 days after policy eff. date

bill date

         
         

FEES

$7.00

per each installment billing

 

 

$25.00

per each check returned for insufficient funds

 

 

$25.00

late payment fee if cancellation for non-payment is issued

 

 

 

 

 

         
   

 

                         EFFECTIVE FEB. 2015
 
THE 9-PAY OPTION WAS ADDED FOR PERSONAL LINES

 

     

 

 

 

 

 

 

Ed. 2/2015

       
         

          PAYMENTS MAY BE MADE BY CREDIT CARD (Visa, MasterCard, Discover)

                                 CLICK HERE TO  “MAKE A PAYMENT” 

 
         
 
  NYMU - Copyright ©  2003 -  All rights reserved.
 Last Revision:  10/24/2016