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Payment plans offered

The California FAIR Plan offers the following payment plans:

  • Full Pay – One full payment of the total annual premium
  • Triannual (3 Pay) – 3 installment payments (consisting of 40%, 30% & 30% of the total annual premium)
  • Monthly (11 Pay) – 11 installment payments (consisting of an initial payment of 16.67% of the total annual premium, plus 10 additional equal payments).

Changing your pay plan

You can change your pay plan at renewal by simply making the term’s initial payment in the amount listed on your renewal invoice for the pay plan of your choice. By making the payment, you will enroll in that pay plan for the policy term.

To change your pay plan partway through your policy term:

  1. Download this form: Payment Plan Change Request Form
  2. Complete the form
  3. Email the completed form to ChangePayPlan@cfpnet.com.

Please read the below disclosures and fee advisories for important information about changing your pay plan.

Disclosures

  • The payment plan selection cannot be used for same-day processing of premium payments.
  • A payment plan request must be submitted at least 10 business days prior to the payment due date.
  • Payment plan changes take, on average, up to 5 business days to process from the date received. Payment plan change requests are processed in the order received, and an emailed confirmation of your request will be sent once completed.
  • Incomplete request forms may cause delays in processing times.

Fee advisories

  • A processing fee will be charged by our vendor for payments made by credit/debit card.
  • Dwelling Fire policies on Full Pay plans do not incur an installment fee.
  • Dwelling Fire policies on triannual or monthly payment plans incur a $4.50 per installment fee.
  • Dwelling Fire policies incur a $25 Returned Payment fee any time a premium payment is dishonored.
  • Commercial policies on Full Pay plans do not incur an installment fee.
  • Commercial policies on triannual or monthly payment plans incur a $4.50 per installment fee.
  • Commercial policies incur a $25 Returned Payment fee any time a premium payment is dishonored.
  • California Earthquake Authority (CEA) policies incur a $1.00 per installment fee.