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Understanding Your Invoice
What is your invoice telling you?
Your invoice contains a host of information related to your premium and payments.
Bill Date: the date in which the bill was created/sent.
Description: describes the reason for the billing (eg. installment premium, audit adjustment, refund, etc.)
Term: the policy term for which the transaction is related.
Premium: the amount due for this transaction.
Applied Amount: a payment or credit applied to the transaction.
Amount Due: the amount owed for this transaction.
Date Due: the date in which payment is due by.
Current Installments: Here are your upcoming installments, the amount due, and the due date for any future installments based on your installment plan, if you have one.
Premium Due: the sum of your transactions and the resulting premium due at this time.