What is a Finance Agreement?

A finance agreement for an HOA insurance policy is a payment arrangement that allows your association to spread out the cost of its annual insurance premium instead of paying it all up front. A financing company pays the full premium to the insurer, and your HOA repays that amount over time (typically monthly) with interest and a required down payment. This can help your HOA manage its cash flow and align expenses with incoming dues. If this is something that your HOA would like to consider, we are happy to discuss options with you.