Online Payment Terms of Use

Peloton Insurance Brokers, LLC

Last Updated: [Insert Date]

By submitting an online payment through Peloton Insurance Brokers, LLC (“Peloton,” “we,” “our,” or “us”), you (“you,” “your,” or “customer”) agree to the following Terms of Use. Please read these terms carefully before making a payment.

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1. Authorization of Payment

 

By providing your payment information, you authorize Peloton to process your payment using the method you select (credit card, debit card, ACH, or other approved method). You represent and warrant that you are an authorized user of the payment method provided.

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2. Payment Processing

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• Payments are processed through third-party payment processors.

• Peloton does not store your full payment card or banking information.

• Processing times may vary, and payments may take several business days to clear depending on your financial institution.

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3. Fees and Charges

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• Your insurance policy premium, fees, or related charges are due as stated in your policy documents, invoices, or financing agreements.

• You are responsible for any additional fees your financial institution may impose (e.g., insufficient funds, overdraft, or transaction fees).

• Peloton is not responsible for late fees, cancellations, or loss of coverage caused by declined or delayed payments.

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4. Refunds

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• Payments made online are applied directly to your insurance policy or financing balance.

• Premium payments are generally non-refundable once coverage has been placed, unless required by law or policy terms.

• Any refunds, if applicable, will be processed according to the terms of your insurance policy or premium financing agreement.

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5. Responsibility for Timely Payments

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• It is your responsibility to ensure payments are made in full and on time.

• Failure to make timely payments may result in policy cancellation, non-renewal, or loss of coverage.

• Peloton is not liable for any coverage lapse due to late or missed payments.

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6. Security

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We use industry-standard security protocols to protect your payment information. However, you acknowledge that no data transmission over the internet can be guaranteed 100% secure. Peloton is not responsible for unauthorized access beyond our reasonable control.

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7. Limitation of Liability

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Peloton is not liable for:

• Payment errors caused by your financial institution or payment provider,

• Delays in processing, or

• Any indirect, incidental, or consequential damages arising from your use of the online payment system.

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8. Privacy

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Your payment information will be collected and processed in accordance with our [Privacy Policy]. By making a payment, you consent to such processing.

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9. Changes to Terms

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Peloton reserves the right to modify or update these Terms of Use at any time without prior notice. Updated terms will be posted on our website and apply immediately upon posting.

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10. Governing Law

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These Terms of Use shall be governed by and construed in accordance with the laws of the State of California, Nevada, and Texas, where Peloton Insurance Brokers is licensed and operates.

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11. Acceptance

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By submitting a payment, you acknowledge that you have read, understood, and agree to these Terms of Use.

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