Billing Info

Payment Plans:
CFM offers the following payment plans: Annual, Semi-Annual, Quarterly, and Monthly.

Payment Methods:
You can pay by card or by ACH (bank transfer). Card payments include a processing fee of 2.85% + $0.25 per payment, while ACH payments have no fee. For example, a $200 card payment includes a $5.95 fee, for a total of $205.95.

If you are a current policyholder, the card processing fee will not apply until your next renewal. You can update your payment method at any time.

Billing Information:
There will be a $7.00 fee for each installment billing on the Semi-Annual and Quarterly payment plans. There is a $2.00 fee for each Monthly installment billing. All Monthly payment plans are set up for ACH billing, and one month’s payment is required as the initial payment on the Monthly payment plan.

General Conditions:
Any premium adjustments resulting from changes to the policy will be reflected in subsequent bills.

If a policy is canceled, any unearned premium will be applied against the unpaid balance. If there is no unpaid balance, the unearned premium will be refunded.

Cancellation for Non-Payment:
If a payment is not received by the due date, a Cancellation Notice for non-payment is issued.

Non-Sufficient Funds (NSF) Payments:
An insufficient funds payment makes all policy coverage null and void. If the company elects to reinstate the policy, premium must be paid and an NSF fee will be charged: $35 for Farm, Home, and Rental policies, and $25 for Auto policies.

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