Do we have the option to request which payment plan and down payment percentage we desire for the policyholder?

Last Updated: 3/26/2026

Cover Whale's system automatically optimizes finance terms based on account characteristics, taking into account various plans approved by our premium finance partners. This ensures that policyholders receive the most competitive and suitable payment plans and down payment percentages, tailored to their specific needs.

Because of this, there is no need to manually request a specific payment plan or down payment percentage. The terms provided on the Premium Finance Agreement are final — exceptions cannot be made, and the Premium Finance Company is not able to make changes.

Please note that agents should not contact the premium finance company to request specific payment plans or a down payment that differs from what is reflected on the PFA.

If you have questions, please reach out to billing@coverwhale.com. Please keep in mind that while questions can be answered, exceptions to the finance terms cannot be made.