Solis Credit Answers: How does Insurance Premium Financing (IPF) work and What You Need to Know.

Many people think IPF is only for large companies or that the process is complicated. The truth is, it’s simple, accessible, and made for everyday customers just like you. 

Let’s clear up a few more questions in Part 2 of our Frequently Asked Questions.

1. How is Insurance Premium Financing different from a regular loan?

Unlike a personal loan, insurance premium financing is tied to the insurance policy. The repayment period is shorter (3–11 months) and secured by your insurance policy. 

2. What do I need to qualify for Insurance Premium Financing?

With Solis Credit, once you have an insurance policy you’re approved. You’d need to renew or purchase your policy at one of our insurance provider partners to sign up. 

3. What types of policies can be financed using Insurance Premium Financing?

With Solis Credit you can finance any general insurance policy. Here are some examples:

• Motor Vehicle Insurance – Comprehensive

• Motor Vehicle Insurance – Third Party

• Property Insurance 

• Professional Indemnity 

• Public Liability Insurance

• Workmen’s Compensation

• Goods in Transit

• Bond Insurance

• Public Liability Insurance

4. What do I have to pay upfront?

A first payment is required to activate your policy. The exact amount depends on the value of your premium and the repayment period you choose.

5. How are monthly payments calculated?

Your monthly payment is based on the value of your premium and the repayment period you choose. Click your territory below to request a free quote:

• Trinidad & Tobago 

• St. Lucia

• Grenada

At Solis Credit, we believe insurance should be accessible, affordable, and stress-free. With partners in Trinidad and Tobago, St. Lucia, Grenada and easy monthly plans, we’re here to help you stay protected without breaking your budget.

👉 Ready to take the next step? Visit https://www.soliscredit4u.com/premium-financing or speak to your insurance agent today.