Billing / Premiums
Why was my first premium drafted before my effective date?
Certain carriers require premium payment for the first month at the time of application submission. The second premium will be due on the effective date.
Why was my premium different my first month?
Some carriers charge a $20 application fee for specific products, including Medicare, Chesapeake/SureBridge, and maybe others. This application fee is charged during the first month. After the first month, this fee should not be charged, and your ...
Is there an application fee?
In almost all instances, there is not an application fee. Some carriers charge a $20 application fee for specific products, including Medicare, Chesapeake Surebridge, and maybe others. If you are unsure about an application fee, talk to your Compass ...
How do I setup automatic draft for my premium?
This process varies by carrier. You should use the home page to submit a ticket and a Compass Insurance employee will contact you to help walk you through this process.