Cheque or Credit Card

No service fees. Single payment only. Simply write us a cheque for the full annual premium, plus sales tax where applicable*, and don’t worry about it again until next year; or, you can pay by VISA or MasterCard. (Just complete the credit card portion of the attached Authorization Form).

Note: New credit card authorization is required for each transaction including additional premiums and renewals. Please note that payment for additional premiums and renewals are due 30 days from the date the documents have been issued.

Automatic Withdrawals (EFT)
(Applicable to personal/household and business Pre-Authorized Debits)

All we need is:

• a completed Authorization Form and
• a voided, personalized cheque

Policy Changes

Mid-term revisions to your policy that cause a premium change will be reflected in future withdrawals. A notice will be sent to you advising of the new amount. However, changes after your last regular withdrawal will result either in a refund from us or a separate automatic withdrawal. If there is an additional premium owing a notice will be sent to you advising you of the date and amount of the withdrawal.

Policy Renewal

Your withdrawals will not be interrupted by the upcoming expiry of your policy; they will just continue on unless you advise us or your broker in writing that renewal will not be required.

Service Administration Fees

Single Payment (Automatic Withdrawal)

• No service fee

Three or Four Consecutive Monthly Payments (Automatic Withdrawal)

• 2% service fee on each payment

Twelve Consecutive Monthly Payments (Automatic Withdrawal)

• 3% service fee on each payment

Unsuccessful Withdrawal (NSF)

• $20.00 administration fee

Account Status

For Canada-wide service in English, call (403) 298-4230, or toll-free 1-866-244-4446. For French language service, call toll-free 1-866-244-4445.

Conditions of Automatic Monthly Withdrawal

• I/We hereby authorize the named bank/financial institution to debit my/our account identified overleaf each consecutive month for all payments payable to The Sovereign General Insurance Company, in payment of my/our insurance premiums and applicable taxes* and administration fees. The bank’s/financial institution’s treatment of each payment will be the same as if I/we had personally issued a cheque authorizing them to pay as indicated and to debit the amount specified to my/our account.
• Payment amounts may vary.
• Any delivery of this authorization to The Sovereign General Insurance Company constitutes delivery by me/us.
• I/We will ensure that funds are available at time of withdrawal.
• I/We understand that an administration fee is applicable, and in the event of an unsuccessful withdrawal, the policy may be cancelled.
• I/We will provide a minimum 30 days notice, prior to the next scheduled withdrawal date to The Sovereign General Insurance Company advising of any changes in banking information.
• I/We will notify Sovereign General Insurance Company if I/we no longer wish to take advantage of the Automatic Monthly Withdrawal Plan. Sovereign require 14 (fourteen) days notice to stop your withdrawals.
• Recourse Statement:
  You have certain recourse rights if any debit does not comply with this agreement. For example, you have the right to receive reimbursement for any debit that is not authorized or is not consistent with this PAD** Agreement. To obtain more information on your recourse rights, contact your financial institution or visit www.cdnpay.ca
• Payor’s Rights of Dispute:
  You may dispute an EFT if (i) it was not drawn in accordance with this authorization, or (ii) you have cancelled this authorization. In order to be reimbursed for a disputed EFT, you must deliver a written declaration that either (i) or (ii) above took place, to the EFT Institution within 90 days (or 10 business days in the case of a Business EFT) after the date that the disputed EFT was posted to the EFT Account, otherwise the disputed EFT must be resolved between you and us.

* For Ontario, Quebec
** Pre-Authorized Debits