AvieAid Premium Finance

AvieAid Premium Finance LLC is a United States company that finances insurance premiums for the aviation insurance industry. Its website says it is service focused and client oriented, with decades of experience in aviation insurance, and that it tailors its premium finance program to the needs of aviation, which it says differs from general commercial or personal lines insurance.

Who it serves

AvieAid says it finances insurance premiums for commercial, corporate and private aviation, as well as unmanned aircraft and drones. It works with insurance agents and their insureds, and makes sure the carriers are paid on time.

How premium financing works

The site explains premium financing as a short-term loan to pay for an insurance policy. The insured usually makes a down payment and then pays the rest in monthly installments, including the finance charge, over several months. This frees up cash and removes the need to pay a policy in full at the time of binding.

• The premium finance quote is normally prepared alongside the insurance quote
• The premium finance agreement is signed, and the down payment is sent to the insurance agent
• Once the account is processed, the policyholder, agent and carrier are told that the policy has been financed with AvieAid
• Installments can be paid by check or money order, or online or by phone through single ACH, recurring ACH or credit card
• Insureds with online account access can view their account, notices and payments at any time

Benefits named by the company

AvieAid says that spreading payments over the year improves cash flow, which a business can reinvest. It adds that spreading out high premiums can let a business carry higher levels of insurance, and that affordable plans can be built for insureds without tying up capital. Office hours are Monday to Friday, 7:30 am to 5:30 pm Central time, and customer billing support is available around the clock.

Events

AvieAid Premium Finance is listed as a sponsor of the Aviation Insurance Association Annual Conference 2027.

Contact

AvieAid Premium Finance is listed under Aircraft Financing, Aircraft Insurance and is based in United States.
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