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11 Payment Plan - Monoline or Combination Billing

Introducing Monoline or Combination Boxcar Billing (Authorization Form)

New York Central Mutual offers many payment plans for your convenience. The 11 payment plan, known as Boxcar Billing, allows you to combine all of your qualifying NYCM policies onto one billing statement. This feature is also available for individuals with only one policy with NYCM. With this payment plan your policies are billed monthly under one account. You choose the date of the month--from the 1st through the 28th--on which to receive your bill.

Beyond the basic boxcar bill payment plan, is recurring boxcar bill payment plan. With this payment plan you can automatically pay your single or combined premiums through recurring monthly payments from your checking account or credit card. You choose the date of the month--from the 1st through the 28th--on which your payment is made.

Learn more about the Boxcar Billing Payment Plan:

Eligibility
Payment Schedule
Service Fee
Signing Up
Questions

Eligibility

In order to be eligible for Boxcar Billing, you must have one or more active personal and/or commercial policy with New York Central Mutual. These policies can be either six month or twelve month policies. (Assigned risk, TOP, bill mortgagee, premium-financed, and payroll deducted policies are ineligible). If you are signing up more than one policy for this payment plan, you must agree to combine the policies' separate bills into one bill that combines the premium of each policy signed-up.

In addition to the above, to be eligible for Recurring Boxcar Billing you must have a checking account or credit card (MasterCard, Discover, VISA), and agree to be on a monthly payment plan. An adequate checking account or credit balance must be maintained to cover your payment(s).

If your checking account or credit card information changes, contact your agent or call NYCM's Customer Care Center at 1-888-234-6926.

Payment Schedule

If you choose this payment plan, your premium will be divided equally over 11 installments (for annual policies), or 5 installments (for six month policies).

Once your authorization form has been approved, New York Central Mutual will send a monthly bill letting you know how much your installment will be and when it will be due. You will receive similar notification any time an endorsement to your policy changes the payment amount.

Service Fee

There is no charge to sign-up for Boxcar Billing. Under the basic boxcar bill payment plan, there is a service fee of $4 per installment (for paper billing only).

Signing Up

You can use Boxcar Bill to pay for one or more of your New York Central Mutual policies. If you are not currently on NYCM's Boxcar Bill payment plan, complete the basic plan authorization form and return it to us (at the address below) or your agent.

If you are already signed up for Boxcar Bill, or are signing up for it now, and would like to request automatic payment withdrawal from your checking account or credit card, click here.

New York Central Mutual Fire Insurance Company
Attn: Accounts Department
1899 Central Plaza East
Edmeston, New York 13335-1899

Include the number of each policy you wish to pay for through Boxcar Bill.

If you select the checking account plan, please enclose a voided or canceled check from your checking account.

If you wish to switch back to a conventional payment method at any time, simply notify New York Central Mutual or your insurance agent.

Questions

If you have further questions about signing up for the Boxcar Bill Payment Plan, contact your insurance agent or call NYCM's Customer Care Center at 1-888-234-6926.

Reminders for all NYCM Policyholders:

Endorsements effective during the billing period will be split between any remaining payments.
Endorsements effective after the billing period will be due in full by the date indicated on the bill.
If your policy is billed to a third party, a copy of the invoice will go to the named insured as well as the third party.

Miscellaneous Billing Information:

There will be a $20.00 fee for dishonored checks.

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