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Premium Financing

Making Insurance Coverage More Affordable

Cedar Finance Company makes premium financing easy by offering flexible payment options for the policyholder.

Cedar Finance Company

Premium Financing FAQs

Who can my insured call with questions on their existing finance contract?

Please contact (800) 844-2678 and reference your Cedar Finance Company agreement including insured’s name and policy number.

How do I get a Cedar Finance quote?

An underwriter can provide a financing quote at the time the risk is quoted, or can also be requested by contacting one of our underwriters.

Is there a minimum policy term?

Yes, the policy term must be at least six months in order to be eligible for financing.

Is there a minimum premium requirement?

Yes, premium before taxes & fees must be at least $700 in order to be eligible for premium financing.

Can I finance a fully-earned policy?

No, the policy term must be at least six months in order to finance.

How are cancellation return premiums handled?

Cancellation return premiums will be allocated to the outstanding loan balance; any additional premium will be returned to the insured once the loan has been paid.

How are additional premium endorsements handled?

If an additional premium endorsement is made on a financed policy, the increased amount is not automatically added to the initial financing agreement. Please contact us if you would like to add an endorsement to an existing loan.

Will financed policies be included in my statement from JM Wilson?

Policies financed through Cedar Finance Company will appear in full on your agency’s monthly statement from JM Wilson as the amount of the down payment on the financing agreement, less commission.

Is financing available for policies written in all states?

Cedar Finance offers financing options for policies written in Iowa, Illinois, Indiana, Kansas, Michigan, Missouri, Nebraska, Ohio, South Carolina, Tennessee, Wisconsin, and West Virginia.

Ready to get started?

contact JM Wilson