Frequently Asked Questions
This fact sheet answers commonly asked questions about payment options, cancellations and policies.
You can elect to pay your monthly instalments by Direct Debit or Credit Card. Premium funding partners will accept most major credit cards including AMEX, Visa and Mastercard. *card surcharges will apply.
The first instalment is due on the commencement date of your insurance policy. If this date is in the past, we will draw on the day your application is processed and approved.
To cancel your insurance policy you will need to contact our office to advise accordingly. Our office will process the cancellation and issue documents to the Premium Funder.
When we your insurance intermediary cancels your policy we should obtain a refund of some of the premium from the Insurance Company. This is then provided to Attvest to allocate against your premium funding contract. If there is a shortfall between this amount and your outstanding loan balance, you are responsible to finalise this amount.
No, there is no GST applicable on your premium funding loan. GST does apply on your insurance premium
You will need to discuss this with your Accountant. We are unable to provide any financial advice in this regard.
Most types of commercial and domestic insurance policies including Workers Compensation and Professional Indemnity insurance policies.