As an agent, offering premium finance to your insureds extends your portfolio of service and promotes more affordable coverage options. As an entrepreneur, keeping cash flow open and preserving capital ensures you retain more money for projects, expenses, and additional investments.
Wellington Premium Finance, Inc. is a financing company that serves Texas Windstorm Insurance Association ("TWIA") policyholders. This entity has traditionally worked cooperatively with TWIA to provide a non-predatory lending environment. Administration of this premium finance business is atypical to traditional lenders as we ensure greater efficiency for the agent and more timely funding for TWIA, both of which ultimately benefit the policyholder.
Today, Residential Property and Commercial business is available for financing through this facility, but Mobile Homeowners and Builder’s Risk business is excluded.