PREMIUM PAYMENT OPTIONS
Three Easy Steps to Pay Your Premium
Step 1: Choose Your Payment Frequency
Pay in Full
The easiest choice with no processing fees. This one-time payment is due on the effective date of your policy and ensures you are covered stress-free for the entire year.
You have the option of spreading out your payment over three installments. The first is due on the policy's inception date, while the next two are due at the 30 day and 60 day marks.
An easy payment plan, pay your premiums monthly right from your bank account. This option is subject to a small finance charge. Talk to your broker about the best option for you.
Step 2: Choose your Payment Method
Make your cheques payable to H.L. Staebler Company Ltd.
Cash or Interac debit payment in person at 871 Victoria Street N. in Kitchener
Setup H.L. Staebler Company as a new payee and use your account number
Provide us with a void cheque and signed authorization form (Finance charges may apply)
Simply visit Staebler.com/CC and follow the instructions (A service charge of 2.5% applies)
Step 3: Agency Bill or Direct Bill
An agency bill policy will come from the broker (i.e Staebler) and it will have the broker’s invoice or payment schedule attached to it. Payment is provided to the broker and credits are refunded by the broker. The broker controls the payment process and has the authority to make payment exceptions, changes, etc.
A direct bill policy will come directly from the insurance company and it will have the insurance company’s invoice or payment schedule attached to it. Payment is provided directly to the insurance company and credits are refunded by the insurance company. The insurance company controls the payment process and only they have the authority to make payment exceptions, changes, etc.
What's better for me?
Your choices above will determine which option is best for you. In some cases (eg. credit card payment) there will be only one option – while some choices come with a service fee. Your broker can make a recommendation for the most economical solution for you.