When are payments due?
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What is the payment due date?
- New-business payments due 21 days from policy issuance (binding)
- Renewal payments due on the renewal effective date
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Do you offer "Mortgagee Bill" payment option?
Yes!
Simply select the "Mortgagee Bill" option on the payment screen, download the customized invoice, and forward it to the paying entity.
Don't worry, the billing due date for this option has been extended to 30 days from the effective date to ensure a streamlined process. -
Do you offer an agency bill?
No, all premiums are billed as Direct Bill.
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When do I receive / find an invoice?
After the policy is bound, an automatic emails is sent to the insured including a PDF invoice as well as an online payment link.
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Do you offer installments?
Yes, the following payment plans are available:
- 2-Pay Payment Plan: 50% down and 1 payment after 6 months
- 4-Pay Payment Plan: 30% down and 3 equal payments 3 months apart
- 9-Pay Payment Plan: 30% down and 8 equal monthly payments
Please note there is a $15 charge for each installment when paying using the installment plan in some states. This information is presented in the payment page.
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What payment methods do you offer?
The policy invoice can be paid online using;
- Credit Cards (except in CA, IN, MA and NC). Please note that convenience fees for Credit Card transaction do apply.
- ACH in all states
1. Where to send a check?
Checks should be payable to Honeycomb Programs and mailed to:
Honeycomb Programs Inc
222 S Riverside Plaza STE 1500
Chicago IL 60606
2. What to do if a check was sent to the wrong address or made out to the wrong entity?
If a check was sent to the wrong address, the insured should initiate a stop payment as soon as possible. We are not liable for missing checks not sent to our Chicago office.
If a check is issued to an entity other than Honeycomb, it cannot be processed. We recommend the client place a stop payment on the check and issue a new one to Honeycomb Programs. Overnight delivery is suggested to avoid payment delays, or payment can be made online.
3. How long does a check take to process after it was received?
Upon receipt, checks take 5-7 business days to process and clear with the bank. Once cleared, the payment will be applied to the policy invoice.
4. What information to provide on or with the check for swift processing?
When sending a check, please reference the policy number on the memo or include the policy invoice in the envelope.
5. If we mail a check before the cancel date will the policy be reinstated?
All payments, including checks, must be received by the cancellation date. Once the check is processed and applied to the invoice, we can reinstate the policy without any coverage lapse.
6. If we mail a check after the cancellation date?
If payment is received after the cancellation date, our underwriting team will decide on policy reinstatement. A lapse in coverage is possible at this stage.
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Can I mail a check?
If the insured is not able to pay by Credit Card or ACH online, a check can be mailed to the address below.
Honeycomb Programs Inc.
222 S Riverside Plaza STE 1500
Chicago, IL 60606