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Broome Co-operative offers the following payment plan options
Annual Payment:
Premium must be paid in full before effective date.
Six Month 4-Pay Option:
25% due at effective date, plus applicable fees.
Subsequent installments will be due every 2 months and will be billed accordingly.
$5.00 installment fee per payment will be applied.
Note: If your policy contains a fire fee premium it MUST be paid in full with the first installment payment.
Fees:
A $30.00 charge will be applied for any checks or EFT transactions that are returned by the bank. Broome Co-operative reserves the right to remove a policy from the payment plan option returned by the bank. There will be a $10.00 late fee charged to any policy that is not paid by the due date. There will be a $10.00 fee for reinstating any policy that has cancelled.
Recurring Credit Card or Echeck Monthly Payment Option:
A 25% down payment plus a $2.00 fee is required to start the Recurring Credit Card or Echeck Monthly Payment Plan. The remaining premium is divided into 9 equal monthly payments. Monthly withdrawals will commence 60 days after effective date, and monthly thereafter. A $2 installment fee per payment will be added to premium.
Note: If your policy contains a fire fee premium it MUST be paid in full with the first installment payment.
Download Recurring Payment Form
Broome Co-operative Insurance Company
PO Box 1280
1923 Vestal Parkway East
Vestal, NY 13850
Phone: 607-321-2655
Toll Free: (866) 921-BCIC
Fax: 607-321-2644
Email: info@bcicny.com
Additional Information
Mission Statement
Our mission is to provide our policyholders and agents with protection and assurance through careful and diligent underwriting of risk, fair and transparent claims handling, combined with exceptional service and a financially sound company.
Broome Co-operative is rated A (Excellent) by AM Best.
