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May 14, 2004
SGI introduces the Deductible Payment Plan
On June 1, 2004, Saskatchewan vehicle owners will have a new option
to finance the payment of their deductible. SGI is introducing the
Deductible Payment Plan to allow customers with basic auto insurance
to repair their vehicle immediately after it is damaged, then pay
off the deductible over a period of 10 months.
"People don't plan to have an accident, and sometimes paying
the deductible can be tough on the family budget," SGI Minister
Maynard Sonntag said. "It doesn't matter how a vehicle is damaged
- collision, vandalism or theft - if a customer has a deductible
to pay, and is eligible under the program, they can access the plan."
The payment schedule under the Deductible Payment Plan works as
follows:
- A $100 deductible down payment must be made when the customer
picks up their repaired vehicle.
- SGI will automatically deduct the balance of the deductible
from the customer's bank account over the following 10 months,
on the day of their choice.
- There is no interest charged, but there is a one-time $30 administration
fee charged at the same time as the first payment. This fee covers
the cost to SGI of delivering the program.
"This is the first program of its kind - no other insurance
company helps finance a customer to help them get their vehicle
back on the road," Sonntag said. "As the public auto insurer,
SGI's mandate is to provide the best customer service possible,
at the lowest rates possible. This is another example of how we're
doing just that."
For media inquiries only, contact:
Julianne Jack
SGI Communications – Regina
(306) 775-6907
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