Annual
Policy
Parkway Insurance Company offers an annual
policy term. The annual policy
term means less paperwork to worry about and only one renewal
per year.
Aside from policy revisions that you request, rates cannot change
for a full year!
Flexible Billing
You can choose your payment plan. Your options
include a 2 payment plan, a 4 payment plan or you can choose to
participate in our AFT program (see above) and have your payment
spread out over 12 months. A 9 payment plan is available for
policies at renewal only.
Automatic
Funds Transfer (AFT)
You
have the option to have your insurance premium deducted monthly
from your checking account, automatically. There is no cost
if you choose this option and you save money by not paying installment
fees.
CARCO
GROUP Inc.
Founded
in 1977, CARCO Group, Inc., a privately-held corporation, began
operations with offices located in St. James, New York . The
company, first and foremost, is in the business of providing
leading-edge fraud detection services . As such, CARCO provides
Physical Damage Inspections to Parkway Insurance Company in
compliance with N.J.A.C. 11:3-36. If you need to get your car
inspected for insurance purposes, click on www.carcogroup.com
and go to the site locator section. Or you can call (888) 242-1200
for their automated telephone locator service.
Designation
of 3rd Party Notification for People Age 62 or Older
You
can designate a third party, such as a friend or relative, to
receive any nonrenewal or cancellation notices you may receive
for this policy. Any nonrenewal or cancellation notices would
then be sent to both you and the person designated. In order
to do this you must:
• Notify us in writing by certified mail (return receipt requested)
that you are designating a third party.
• This notification must include a written acceptance by the third
party designee. Designation as a third party does not constitute
acceptance of any liability.
• The effective date of the third party notification is ten days from
the date of receipt by Parkway Insurance Company.
• If the third party wishes to terminate this designation, he or
she must do so in writing to both you and Parkway Insurance
Company.
