What are Cover Whale's down payment requirements?

Last Updated 07/29/2026

When premiums are financed through Cover Whale's premium finance program, one of four premium finance companies here is assigned. The down payment amount will be specified in the policy documents received as part of the binding process.

For policies or endorsements that are Paid in Full, the total premium must be received in order for the policy to bind. See our Pay-in-Full requirements here for more detail.

For all four premium finance companies (Honor, Capital, FIF, and National Partners) the down payments are paid to Cover Whale (processed through PayFlex), and can be paid by ACH, credit, or debit card. Learn more about PayFlex here.