JDM Insurance Services Ltd is remunerated by payments received from the product producers for the work involved in placing an order and finalising the product with them on your behalf. (Some product producers do not make any payment).
An administration fee may also be charged or by agreement a combination of both. If a fee other than our standard fee is to be applied for the work activity and time spent in seeking the best terms, advice, product and product producer for your specific needs, we will confirm and agree this with you.
Standard administration fees will be applied to Commercial, Corporate and Personal Lines business in respect of New Business, Renewal and Mid-term alterations.
A scale of our fees as undernoted.
Initial Fee, Renewal & Policy Alterations/Cancellation.
|Initial Fee||Renewal||Policy Alterations/Cancellations|
|Motor||Up to a max of €50||Up to a max of €50||Up to a max of €20|
|House & Other Personal Lines Business||Up to a max of €50||Up to a max of €50||Up to a max of €20|
|Commercial||Up to a max of 15% of premium||Up to a max of 15% of premium||Up to a max of 15% of premium|
We reserve the right to amend these fees should the complexity of the product require a higher fee. If this applies, we will confirm and agree this fee with you prior to any increased charge being applied.
A fee of €20 will be charged for all duplicate documentation. If you choose to make payment by way of credit card we may charge a handling fee of up to 3% of the amount payable.