Fees and Charges
You may choose to purchase Policies from us while using our Services, which may result in charges and fees to you, including but not limited to policy, billing, installment, service, cancellation, credit card, bank, reinstatement, late payment, and non-sufficient funds fees separate from any commissions that WeSure may receive.Some of these fees are fully earned upon binding each of your Policies, whether you pay it in full at policy bind, or in installments and at each renewal. We will inform you in advance of any such charge or fee.
By submitting payment information for an accepted method of payment including electronic transactions (“Payment Method”) through our Services, you authorize us to charge you these agreed-upon amounts, as well as any applicable taxes to your Payment Method. You will not be entitled to any refund of charges, fees, or taxes except as expressly provided herein, or as required under applicable law. You may choose to use a credit card or a bank account as a Payment Method to pay for charges, fees, and any appliable taxes in connection with our Services. Should you choose to do so, you warrant that you are authorized to use such a credit or bank account for this purpose. Should you use a credit or bank account without authorization, in whole or in part, you will remain responsible for any outstanding balance, and we may alert the appropriate authorities of your misuse.
Policy coverage is either annual (12 months), or short-term (6 months to 11 months). You may choose to pay in monthly installments or annually based on the available payment plans we may offer, at our discretion. By choosing to pay monthly and providing or designating a Payment Method, you authorize us to charge you each month at the monthly rate, and any other charges you may incur in connection with our Services, such as taxes and fees, to your Payment Method. You acknowledge that the amount billed each month may vary from month to month for reasons that may include differing amounts due to changing or adding products or services, and you authorize us to charge your Payment Method for such varying amounts, which may be billed monthly in one or more charges. For installments, we will automatically bill your Payment Method each consecutive month on the calendar day corresponding to the date of your first payment for the duration of the chosen payment/installment plan. We reserve the right to change the timing of our billing, in particularly, as indicated below, if your Payment Method has not successfully settled. In the event your first payment occurred on a day not contained in a given month, we may bill your Payment Method on a day in the applicable month or such other day as we deem appropriate. For example, if your first payment was on January 31st, your next payment date is likely to be February 28th, and your Payment Method would be billed on that date. We may authorize your Payment Method in anticipation of product or service-related charges. As used in the Terms of Service, “billing” shall indicate a charge, debit or other payment clearance, as applicable, against your Payment Method. Unless otherwise stated differently, month or monthly refers to your billing cycle. You further agree and consent to WeSure continuing to debit the same payment instrument upon renewal or similar event, if applicable.
We may enable you to update certain Payment Method online through our Website or by calling our customer support, provided however that those updates are currently limited to updating the credit card initially used for payments, however you will not be able to switch between different types of Payment Methods (e.g., credit card and bank accounts). If a payment is not successfully settled, due to expiration, insufficient funds, or otherwise, and you do not take action to edit your Payment Method information with us or cancel your account, you remain responsible for any uncollected amounts and authorize us to continue billing the Payment Method, as it may be updated. WeSure reserves the right to retry payment on your Payment Method on file until the amount owed is settled. For certain Payment Methods, the issuer of your Payment Method may charge you a transaction fee or other charges. Check with your Payment Method service provider for details.
In certain cases, your premium payment may not bind coverage until the insurance carrier approves your application. In the event that the insurance carrier does not approve your application, your premium payment will be refunded.
You may request to cancel your Policy at any time online through our Website or by emailing or calling our customer support. If you cancel your Policy, we will stop your monthly payments and will not further charge your Payment Method.
You will not be charged any interest, finance fee, or other type of finance charge. You agree that if you do not make a scheduled payment when due, we have the right to request cancellation of your Policies. To avoid cancellation of your Policies, please be sure to make your monthly insurance premium payments on time.
WeSure and its partners may directly or indirectly receive commissions, fees, or interest as compensation for their services or products, or for holding capital. If you have any questions regarding the nature or amount of the compensation paid to WeSure or its partners, we encourage you to contact us.