How to pay for your insurance


PAY LESS FOR ITS4WOMEN INSURANCE ONLINE

You have two payment options available to pay for your insurance policy:

  • Payment in full by Credit/Debit card
  • Spread the cost over 9 monthly instalments (subject to a certain criteria)

If you choose to save money now and spread your payments over the year, an initial payment is required by credit or debit card to start the policy, followed by monthly instalments from your bank account. An interest rate will be applied; therefore, this option may cost a little extra, but it can be a lot more convenient.

REGULATIONS ARE CHANGING!

From 2nd January 2018, there will be new regulations coming into effect. These are due to the Central Credit Register [CCR], which is a new centralised system for collecting personal and credit information on loans.

The information collected will help lenders, consumers and the Central Bank in its role of safeguarding stability and protecting consumers. It is mandatory for all money lenders to comply with the Central Credit Register requirements under the Credit Reporting Act 2013.

The Government in Ireland gave a commitment as part of the EU/ IMF Programme of Financial Support, this was to develop a legal framework that would facilitate the collection and centralisation of credit information on borrowers. The CCR will contribute to consumer protection and financial stability by: -

  • Providing borrowers with an individual report detailing their credit agreements
  • Providing premium financers, such as Close Brothers Premium Finance Ireland (CBPFI) with comprehensive information to support credit assessments
  • Providing the CBI with better insights into financial markets and supporting functions of the Central Bank of Ireland

How will this affect me? When you purchase a policy on direct debit you will be required to provide three forms of identity, this will be known as “ID&V – Identity and Verification”. The name outlined on your policy must match your driving licence. The following documents will be accepted as proof of ID&V: -

  1. Name and DOB: A Valid Driving Licence
  2. Address: Current Policy Schedule or Original Utility Bill
  3. Personal Public Service or Tax Number: Payslip, P60, P45, P21, Drugs Payment Scheme Card, Medical Card, GP Visit Card, European Health Insurance Card, Tax Assessment or Notice of Tax Credits.

(to apply for finance, you must prove your identity, therefore, the name outlined on all the above documents must match. If your name has legally changed e.g. marriage and you cannot provide the required documents with matching names, please contact our office before applying for this finance to determine if the direct debit facility is available).

Once we receive your driving licence and PPSN document, with your consent, we will forward it along with your policy schedule to the finance company to complete the request for your ID&V documents.

You will also be required to complete your RACA – Running Account Credit Agreement and return it to our office within the specified time frame. This document can be found on your online portal; however, a paper copy will also be posted to you. You must return the completed RACA to us as soon as possible along with your ID&V documents, otherwise your policy could be cancelled.

From 30th September 2018, in accordance with the Credit Reporting Act 2013, all lenders must undertake an Enquiry process to the Central Credit Register (CCR) for all new or amended credit applications where the combined credit is or exceeds €2,000 inclusive of interest and charges, this includes renewals and mid-term adjustments. This can result in credit applications being declined depending on the result of the Enquiry. To process the Enquiry Close Brothers Premium Finance Ireland [CBPFI] need to verify customer ID including forename, surname, date of birth, residential address and Personal Public Service Number. Failure to promptly return required ID documents will result in the cancellation of your private car insurance.

We're sure you've saved money already by choosing Its4women.ie but did you know you can save even more by making your payment securely through our website and avoiding telephone charges?

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Your payment dates and payment schedules


IT’S ON ITS WAY!

When you purchase a policy from Its4women and you choose to pay by direct debit you can select a preferred payment date for the payments to be withdrawn from your bank account.

A payment schedule will be posted to you once the direct debit has been successfully authorised. If you do not receive a copy of your schedule, please get in touch with us.


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Changing your preferred payment date


PAYMENT DATES – YOU CHOOSE!

You can select your preferred payment date when purchasing your policy and setting up your finance agreement.

A payment will be collected from your bank account within 10 days of your loan being authorised. All subsequent payments will be collected on or after your selected preferred payment date.

If your chosen date falls on a weekend or bank holiday it will be collected on the next working day after it was due e.g. Payment Date: Saturday 15th, Scheduled Collection Date: Monday 17th.

It may take up to three working days for your payment to be processed.

If you wish to change your preferred payment date, please contact us.


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Paying with someone else's credit/debit card


WE NEED THEIR PERMISSION!

You can pay for your insurance policy using someone else's credit or debit card. Result! However, they must be available to give us authorisation before the transaction can be completed. We can accept Visa Credit, Visa Debit, Mastercard and Maestro cards. They must also be issued from a Bank or Building Society based in the Republic of Ireland.

You can make your payment online as it's safe and secure. You can also avoid telephone charges by purchasing via our website. Bonus!

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What happens if I miss a payment?


MISS A PAYMENT AND YOU COULD LOSE YOUR POLICY!

If you miss a payment, we won't cancel your policy immediately. We will notify you and give you the opportunity to put things right! A default fee will apply to the arrears, details of these charges will be outlined in your finance agreement.

But don't wait too long as failure to pay will ultimately result in the cancellation of your policy which means you could be liable for further costs.

Upon cancellation, you will need to declare that you will destroy all copies of the Certificate of Motor Insurance relating to your policy within seven days.

For further information on our charges and cancellation procedure, please refer to our Terms of Business.


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How to set-up your direct debit payments


YOU CAN SET UP MONTHLY PAYMENTS IN AN INSTANT!

You can arrange to pay by direct debit when you receive a quote online. When applicable, select this payment method and input your details on our secure website.

We will send you your finance documents and all you must do is sign and return them along with your ID&V documents [see “how to pay for your insurance?” above]. Once your loan is authorised; the money will be taken from your account on or around the same day each month. Easy!

Regulations are changing! Please see “How to pay for your insurance” for more details.

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How to view or change bank or credit card details


YOUR PAYMENT DETAILS ARE PROTECTED IN YOUR SECURE ONLINE ACCOUNT

You won’t be able to view your payment details as we don’t store them on our system. Why? Because data protection is our main priority! Shopping online can be worrying, and we want you to know that your payment details are in safe hands with us.


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View or change your direct debit details


THE SAFE PLACE TO KEEP YOUR DIRECT DEBIT DETAILS

To keep your payment details secure, you will be unable to view or amend your bank details from your online portal. If you wish to change any details relating to your direct debit you will have to contact us.


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How we process refunds


YOU CAN CLAIM YOUR REFUND - UNLESS YOU'VE MADE A CLAIM

We will not refund your premium if there has been a claim on your policy.

Full details of refunds and cancellation charges are detailed in our Terms of Business


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When do you apply for my card payment?


PAY FOR YOUR COVER IN AN INSTANT WITH A CREDIT OR DEBIT CARD

If you choose to pay your insurance policy using a credit or debit card, whether it be the full premium or your deposit on direct debit, we take the payment as soon as you press the “Buy” or “Pay Now” button. It may take 3-5 working days for the money to clear from your account.


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When do we take your direct debit payments?


CHOOSE THE DAY YOU WANT TO PAY. WITH DIRECT DEBIT WE'LL DO THE REST!

You can choose your preferred payment date when you buy your insurance online. You start your cover with an initial deposit by credit or debit card. We'll then set up your monthly direct debit for the payment date you've requested.

You will be required to send documents as proof of your identity, please see “how to pay for your insurance”. We will also send you your finance documents, these must be signed and returned to us. Once your loan has been authorised, a payment will be collected from your bank account within 10 days, the next and any future payments will be collected on your selected payment date. It may take up to three working days for the money to leave your bank account.

Our direct debit scheme is administered by Close Brothers Premium Finance Ireland, Alexandra House, The Sweepstakes, Ballsbridge, Dublin 4. You will be required to give authorisation for us to pass your details on to them for the purposes of arranging your finance agreement.


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How to pay arrears


DON'T DELAY IN MAKING A MISSED PAYMENT

You will have to contact us to clear any arrears on your account.

Don't leave it too late to pay arrears. We could cancel your cover if you don't pay in time. If you miss a monthly payment, you'll need to contact us immediately.


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