Application for insurance premium finance payment deferral scheme
If your application to defer your insurance premium finance payments is accepted, then you can delay payment of your premium finance instalments due under your agreement with Granite Finance for a period of up to one month.
It is important to remember that the deferral scheme allows you to delay your payments. However, the payments that you miss under the deferral scheme are not cancelled or written off. You will still need to make up the payments at a later date.
We also need to make clear to you, that, if we accept your application for a payment deferral and give you time to pay, we are not changing the terms and conditions of your premium finance agreement with Granite Finance, and it does not mean that in the future we are able to keep on allowing you time to pay.
We will look at your application to see if it is in your best interests to delay your premium payment. Sometimes, it may not be beneficial because the remaining term of your premium finance agreement does not allow enough time for you to make up the missed payments, or it may not be realistic, given your individual circumstances, for you to make up the missed payments in time.
If this applies, then there may be other ways that we can help you. We will look at this on a case-by-case basis and can discuss this with you.