Imperial PFS (IPFS) is a trusted leader in premium financing, dedicated to making insurance payments flexible, secure, and simple. Established in 1977, IPFS is the largest independently owned premium finance company in North America, with more than 500 team members across 30 offices in the U.S. and Canada. In Canada, IPFS (formerly SNAP Premium Finance) combines the strength of a global organization with the personalized service of local experts. Unlike a traditional bank, IPFS focuses on creating tailored, tech-driven solutions that help clients and businesses manage their insurance premiums with confidence and ease.
Who is Imperial PFS? Meet the Finance Company for your Insurance Policy.
One of the things that gives Cheep Insurance a wing up on our competitors is the ability to offer a payment plan to everyone – no matter what your insurance or payment history looks like. Starting in October of 2024, Cheep Insurance partnered with Imperial PFS to offer easier and more manageable payment plans to all of our clients. So, who is Imperial PFS (IPFS) ?
Who is Imperial PFS?
Why finance with Imperial PFS instead of the insurance company?
Financing with Imperial PFS can have a few benefits over financing with an insurance company:
- Imperial PFS Canada’s payment solutions often require NO credit checks at all, making premium financing very quick and easy to use.
IPFS provides flexibility with payment arrangements, including options to extend a payment date if needed – something many insurance companies won’t allow.
Unlike insurance companies that may demand payment in full if there are past credit or payment issues, IPFS offers practical solutions designed to keep coverage accessible.
With their advanced technology and streamlined systems, changes to banking and personal information are often faster and easier with IPFS than with an insurance company.
At Cheep Insurance, we work with a variety of insurance companies to ensure you get the best coverage at the right price. If your best-priced option changes at renewal, financing through IPFS makes the transition smoother. Your Imperial PFS payment plan can often carry over to your new policy without requiring another down payment or new payment forms.
How do monthly payments with IFS work?
If your policy is financed through Imperial PFS, your monthly payments will be automatically withdrawn from your bank account on your payment date each month. This date aligns with your policy’s effective date — for example, if your policy begins on September 16, your payments will be withdrawn on the 16th of each month.
If you know an upcoming payment may not clear your account, IPFS may be able to make an exception to defer that payment. Please note that 5-7 days’ notice is required, as payments are processed in advance.
To make payment arrangements, please contact Imperial PFS directly at 1-866-815-9454 or [email protected] .
Who do I contact to make payment arrangements or change my banking?
The team at Imperial PFS is great – and as a client financed with Imperial PFS, you contact their Customer Center directly to make payment arrangements for a missed payment and change your banking information. You can reach them at 1 (866) 815-9454 or [email protected]. You can also access their convenient online portal here.
The Customer Centre also allows you to view documentation, make changes to your personal information, make payments, and more, on any device.
Most policies insured with Cheep Insurance are Agency Bill/IFS financed policies. You can determine who manages your payments by following the directions below. If you are still not sure who manages your payments, call our team as funds paid directly to the insurance company when they should go to IFS will cause large delays.