Payment by Installments
When you pay by installment, you have four options:
Please note: The Five Pay Plan 2nd and 3rd installment due dates are different than the Two Pay Plan and the Three Pay Plan due dates.
Pay your premium in full by the Effective Date - (Full Pay Plan)
Pay your premium in two installments (50% by Effective Date and 50% in 90 days) - (Two Pay Plan)
Pay your premium in three installments (40% by Effective Date, 30% in 90 days, 30% in 180 days) - (Three Pay Plan)
Full Pay, Two Pay, and Three Pay Plans
Installments Sample 1 2 3 Due Dates Effective date of policy 90 days from effective date 180 days from effective date $ Total Amount Full Pay Plan $ 1,000 $ 1,000 Two Pay Plan $ 500 $ 500 $ 1,000 Three Pay Plan $ 400 $ 300 $ 300 $ 1,000
Pay your premium in five installments (30% by Effective Date, 17.5% in 60 days, 17.5% in 120 days, 17.5% in 180 days, 17.5% in 240 days) - (Five Pay Plan)
Five Pay Plan
Installments Sample 1 2 3 4 5 Due Dates Effective date of policy 60 days from effective date 120 days from effective date 180 days from effective date 240 days from effective date $ Total Amount Five Pay Plan $ 300 $ 175 $ 175 $ 175 $ 175 $ 1,000
When you pay by installments, your insurance documents and your account statement are sent directly to you prior to the due date.
- The MAC plan is our pre-authorized monthly automatic withdrawal plan. The premium is divided up in 12 equal payments, plus applicable tax.
- You can authorize Wawanesa to withdraw your monthly premium from your chequing or savings account.
- For information on enrolling in the MAC plan, please contact one of our insurance agents at a service office near you or at 1-888-933-WAWA(9292).
- If your chequing or savings account information changes, please advise one of our insurance agents as soon as possible. Wawanesa requires this information two weeks prior to the due date of your next scheduled withdrawal.
NSF fees will be charged for insufficient funds.