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- No fee is charged without first obtaining your
explicit authorization.
- All instant online quotes include all fees.
- Some "brokered" policy fees
cannot be disclosed until after your application is fully underwritten. But no fee is charged without first
obtaining your explicit authorization.
- You always have the option to decline to pay the fee. But if you decline to pay the fee, the corresponding service will not be provided.
Non-refundable Fees
Broker fee: $29-$500 -
*Change document to meet a lender's requirement when such information was not previously disclosed
by applicant but was requested of lender (not a change to the policy): $25-$100
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Check processing for faxed checks: $3
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Consulting fee: $52 per hour, minimum fee is $150
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Credit card processing fee: 3.5% of premium for MC/VISA, 4.25% for AX
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Credit card rebuttal: time and cost, minimum $52
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*Document fee for loan applicant who wants a written quote on company letterhead to give to his lender: $75
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*Document fee to provide a duplicate document because the holder of the document lost his copy. The original and one replacement are provided at no cost. For each additional copy after the original and one duplicate has been provided: $9 for e-mail, $19 for fax, $25 to mail original
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+Earnest money: $25 non-standard personal lines, $75 non-standard personal lines, hard-to-place, $150 non-standard lines commercial hard-to-place.
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Fax: $1 per page for international faxes, incoming and outgoing, $.50 per page incoming for
incoming US faxes when such faxes exceed 15 pages in total. (If five separate faxes total 59 pages,
then there is a charge of $.50 per page for each page starting with page 16. The first 15 pages are free.)
There is no charge for incoming US faxes ONLY when such faxed documents were requested by your representative.
In other words, if you fax documents NOT requested, this fee applies to you and coverage cannot be bound or renewed until
your fees are paid in full. No charge for outgoing US faxes.
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**Lead: negotiated, at least $25 (insurance leads sold to licensed insurance agents only)
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Loan closing consultations with third parties (with prospect's attorney, for example): $100
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Loan documents: completing loan documents required by a lender so that a borrower can comply with a lender's application requirements. An example is when a document is presented to Chase Financial Services and requires the borrower to indicate the name and contact information of an insurance agent who will be handling the insurance for the property that is the subject of the loan. The borrower does not make application for the insurance. The borrower is contacting Chase Financial Services only to assist with a loan application. The fee is $75
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Mail: first class mail: no charge. Rush delivery: cost of delivery (estimated $15-$19)
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Policy change: no charge except: 1) the fee for changing the limit of insurance or deductible on a non-refundable policy is $50 in the event that the loan officer changes his insurance requirement after the borrower submits his insurance application, after the loan officer provides written insurance instructions, and after coverage is bound, 2) changing the effective date of a non-refundable policy incurs a fee of $50-$100. (This requires that two policies be issued when only one is actually sold and subsequently remitting payment for only one policy causing the unwanted policy to be cancelled for non-payment.), 3) any policy change purely for the purpose of helping a loan officer book a loan on a certain date so that he can meet production requirements or get paid his commission on a certain date must be approved by the applicant/insured and the fee is $100 and must be paid by the loan officer.
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Print and mail a policy after if has been e-mailed, for convenience: $18
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Quote fee (when a prospect wants us to provide quotes more than 60 days prior to his need for insurance, when a prospect wants us to provide quotes only to obtain loan approval, when a prospect wants us to provide quotes only to assist with establishing a business plan, when a prospect wants us to provide quotes only to assist with his preparation of a bid, and any other time a prospect wants quotes but has no intention of buying the insurance within the next 60 days and wants the quote for some other purpose): $75
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Return check fee: the maximum the applicant's resident state allows, minimum $29. All debt and costs suffered by Chase Financial Services, including legal and collection fees, arising out of its acceptance of a check that is returned by the issuing bank is the full responsibility of the accountholder or authorized signer of the bad check. Chase Financial Services does not hesitate to collect funds due.
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*Rush fee (when the applicant/insured wants his evidence of insurance within one hour of remitting his payment): $100
- Technology fee: $19
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Underwriting reports: motor vehicle reports: charge varies by state
Any listed fee that is not allowed by state law is not waived and the service is not provided, depending on the state and the fee listed.
*can be paid by the lending institution or the applicant/insured
+primarily charged to other insurance agents who need help finding a market
**paid by agent
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