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If you have elected to pay your house and contents insurance
policy on a monthly basis, Australian Unity General
Insurance has a direct debit arrangement to debit your
relevant accounts at no additional cost.
However, the
monthly facility does not extend to other classes of
insurance such as business insurance, tax audit ,and
WorkCover. Premium funding is an option provided to our
customers to ensure they can spread their insurance payments
over a period of 6 to 12 months.
This option provides our customers with a predictable
payment option therefore, reducing problems associated with
cash flow.
How does spreading insurance payments help
you?
By removing the business strains associated with cash
flow, you may be able to support other business areas or
invest in income generating areas of
your business.
How does premium funding work?
Similar to a line of credit that does not impact on your
current borrowing arrangements, security for the loan is
based on your insurance policy. Once you have submitted an
acceptable application, the premium funder will pay the full
premium on your behalf and deduct a monthly premium payment
from your nominated account.
Is premium funding tax deductible?
Under current tax legislation your commercial insurance
premiums and your Premium funding interest charged may be
claimed as a business expense.
How competitive are the rates?
We have an agreed rate structure in place to ensure rates
are ultra competitive. We constantly research market rates
to ensure our customers receive the best deals we are able
to obtain for them.
How do I apply?
Please complete the enquiry form below and we will
contact you with a quote.
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