When will I be charged my first payment?

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When will I be charged my first payment?

You can expect your first payment to happen between 1 to 20 days after the effective date of your insurance policy. All payments are completed via pre-authorized debit every month. 

To confirm the exact date of your first payment, refer to the payment schedule enclosed with your policy documents, provided by the insurance company.

Please note that certain insurance companies may opt to split the premium into 11 payments instead of 12, resulting in slightly higher monthly withdrawals.

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