All Island Credit Corp.
534 Broad Hollow Rd., Suite 340
Melville, NY 11747
Phone: 631-777-1377, Fax 631-777-1388
Helpful Hints
Processing:
Agreements in most cases will be processed
within 24 hours of receipt, provided that
the following procedures have been
followed: 1. Agent and insured have signed
the agreement (or in states allowed, agent
has signed on behalf of the insured). 2.
The agreement has been dated. 3. Payments
due within 10 days of the due date are
collected by the agency with the down
payment. 4. Policy information completed,
including: effective date, policy type,
insurance company and general agent (if
applicable), premium, taxes and/or fees.
5. Correct down payment (see below
Standard Terms)
Additional Premiums:
Please call All Island Credit Corp. for a
quote.
Carriers and Brokers:
Eligible carriers must have an AM Best
rating of “B” or better. Exceptions may be
made, but must be approved. Please contact
All Island Credit Corp. if you require an
exception to be made.
Large Agreements:
Agreements with an amount financed over
$100,000.00 require current financial
statements.
Personal Lines:
We will finance personal lines policies, minimum size of
$1,000.00.
Customer Service:
AICC customer service representatives are
knowledgeable, courteous, and cross
trained to be able to answer all of your
questions and quoting needs.
How to Check an Account Online:
www.allislandcredit.com (you must
request a log on and password to be able
to use this service)
Holding Accounts from Cancellation:
Most accounts will cancel 21 days after
the due date if not paid. In most cases,
if asked, AICC will hold the cancellation
for a few days to allow for the payment to
be received by our office.
Request for Reinstatement:
If an insured pays a cancelled account
up-to-date, AICC will request
reinstatement, in most cases, within ten
(10) days from receiving the insured’s
check. However, if paid with certified
funds, a request to reinstate will be
issued right away.
Rate and Term Exceptions:
We recognize that there will be instances
when you will need better terms and rates.
Please call Tina or Stewart at
866-381-6501 and we will be happy to
accommodate you.
Standard Terms
Standard Account (with no minimum
earned provision or extended
cancellations): 20% down plus any
non-refundable fees, 9 payments.
Minimum Earned: The down payment
must include all minimum earned premium
plus any non-refundable fees and 9
payments.
Extended Cancellation: Standard
down payment, plus 10% for every 30 days
of extended cancellation and 8 payments.
Assigned Risk Workers Compensation: 35%
down or $750, whichever is greater and 8
installments.
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