**Important Announcement on Billing**
We are super excited to announce the ability for insureds to make automatic recurring payments from their bank account or credit card. This new offering will allow customers more payment flexibility and control of their insurance premiums and hopefully less payment issues for your office to deal with . We’re confident this will be a great addition to the services we provide.
Click here for the full announcement.
As always, thank you for your business, and if you have any questions on using this new service please contact us any time at 845-434-4550.
Payment Plans
You may always opt to pay the full premium and pay no installment charges.
There is a $7.00-per-installment fee.
If annual premium is less than $200.00, no payment plan is available.
If annual premium is $200.00 to $999.99:
6-Pay - Pay Your Premium in Six Installments
- 25% by the effective date of your policy.
- 15% + installment fee due 60 days after the policy effective date.
- 15% + installment fee due 120 days after the policy effective date.
- 15% + installment fee due 180 days after the policy effective date.
- 15% + installment fee due 240 days after policy effective date.
- 15% + installment fee due 300 days after policy effective date.
If annual premium is $1000.00 or more:
10-Pay - Pay Your Premium in Ten Installments
- 15% due on the effective date of the policy
- 10% + installment fee due 30 days after the effective date of the policy
- 10% + installment fee due 60 days after the effective date of the policy
- 10% + installment fee due 90 days after the effective date of the policy
- 10% + installment fee due 120 days after the effective date of the policy
- 10% + installment fee due 150 days after the effective date of the policy
- 10% + installment fee due 180 days after the effective date of the policy
- 10% + installment fee due 210 days after the effective date of the policy
- 10% + installment fee due 240 days after the effective date of the policy
- 5% + installment fee due 270 days after the effective date of the policy
Cancellations for non-payment of premium will be issued when a check has been dishonored by the bank or no payment has been received on its due date. The amount due will be the original premium, plus any fees. The amount payable will be payable in cash, check, money order, certified bank check, or agency check.
Note: There will be a service charge fee for any dishonored checks returned. The fee imposed depends upon the schedule of rates, fees and charges utilized by our current depository bank. This fee shall not exceed $35.00.
Here's How it Works
- We'll send you a bill approximately two weeks before each payment is due, along with a pre-addressed envelope for sending your check or money order.
- You may mail us your payment, enclosing your paper bill stub. Please remember to write your policy number on the check or money order. Make sure that you mail your payment in time for it to reach us by the due date.
- You may also pay by Visa, Mastercard or check by phone or online. Please call our Accounting Department at 1-877-434-4550 or 1-845-434-4550 during regular business hours.
- Returned Check fee - $35.00
- Non-Pay Cancellation notice fee - $25.00
Payment Options
Convenient payment is available by credit card, Visa or MasterCard, check by phone or on-line.
Mail your payments to:
Associated Mutual Insurance Cooperative
PO Box 307
Woodridge, NY 12789
The above billing terms apply to new and renewed policies effective November 1, 2014. For policies effective prior to November 1, 2014, the then existing billing terms remain unchanged and will extend until the anniversary or renewal of such policies.
Third Party Designee/Senior Citizens Notice
If you are age 65 or over, you can use this form to assign a third party designee that will receive copies of any notices of cancellation, non-renewal or conditional renewal notices.
The notice can be printed and mailed to our office. Or you can email a signed copy to Accounting@associatedmutual.com
