The Premium Coverage Plan by eCommission® automatically pays your monthly premium directly to your Health Insurance Provider. You never have to worry about tying a closing to cover a scheduled payment ever again. With Premium Coverage, simply choose the plan you want and we’ll make sure your premium is always paid on its due date.

This is done through a series of draws against future commissions up to an established cap amount. In exchange for making these payments, you and your broker agree to redirect a portion of your future commissions to eCommission® in order to repay the advances. Premium Coverage provides you with true peace of mind knowing you and your family will never have a lapse in your health coverage, even if your commission income experiences ups and downs so common to a career in real estate.

The cost to participate in the Premium Coverage Plan is $30.00, collected each month plus 7.5% of the total premium balance, which is collected when repaid.

Here is an example of how it works. Say you had a $400 monthly premium and eCommission® covered you for three months until you closed your next sale. The fees would breakdown as follows:

• $1200.00 Total Outstanding Premium Balance ($400 per month x 3 Months)

• $ 90.00 Service Fees ($30 Collected By ACH Debit ea. Month x 3 Months)

• $ 90.00 Finance Charge for 3 Months ($1200.00 x 7.5%)

• $1290.00 Amount of Invoice To Your Broker To Repay From Your Net Commission Proceeds

To qualify for the Premium Coverage Plan, you must have:

1) At least two or more active residential listings with at least 90 days remaining until they expire.

2) Sold at least one home in the past six months, and two others within the past year. (Three total sales)

3) A qualifying fico score of 550 or better.

eCommission® has designed the Premium Coverage Plan to be very flexible. While we establish a commission advance cap amount on the basis of your credit score, it is not the only criteria used. Even those with challenged credit can often be approved for a smaller advance amount. Therefore, depending on the cost of the monthly premium being covered, you can rest easy knowing your monthly insurance bill is paid for up to several months in most cases. If your cap is reached, the automatic premium coverage stops until you close a sale and earn a commission to reduce or repay the total outstanding advance balance.

New customers, click here to open an account.
Current eCommission customers, click here to apply.

Or to speak with a customer service representative, call toll free at 877-882-4368 ext. 866.