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      Premium Financing

      This article will walk you through how to use the premium financing feature.

      Premium financing is now available directly on the CoverForce platform through our integration with Imperial PFS (IPFS). This gives agencies the ability to offer financing options to their clients seamlessly within the quoting experience—streamlining the process, improving cash flow flexibility for insureds, and helping agents close more business.

      With premium financing built in, agents can generate financing quotes alongside traditional ones, reducing back-and-forth and accelerating time to bind. It’s a powerful tool that supports both customer affordability and agency efficiency—all while maintaining compliance and visibility in one centralized workflow.

       

      To enable the Premium Financing feature in your portal, please send a request to support@coverforce.com with the following information:

      Agency Name:

      Agency Address:

      Agent First & Last Name:

      Agent Email:

      The CoverForce Customer Support team will enable the feature in your platform and reach out to IPFS for handling/setup of login credentials. Once we receive those credentials, we will send those over to you.

      1. You can access the Premium Financing feature through the Accounts drop down in the navigation bar:

      2. In the Premium Finance feature landing page, you can set up various quotes. To start a new application, you'll click the button.
      3. Once you fill out the application with the necessary information, you will receive a quote from IPFS on the next screen. From the Quote screen, you can click on Quote Details to get some additional details including installment amount, first due date, number of installments, etc. You will also have the ability to download the quote.

      4. Once you e-sign the quote, the agency and the insured will receive an email and as part of that, IPFS will create an account for them to access and manage the loan moving forward. It's important to note that for renewals, you will have to submit a new application even if one was already submitted for the initial term.

       

      Support:

      Questions regarding the finance agreement should be directed towards the IPFS team. 

      For general inquiries, you can use their Account Help Contact Form to get in touch with an IPFS associate. You can also reach out to your IPFS appointed Sales and Account Executive.