A total Canadian solution for Lease Management, verification and tracking of
current insurance status and coverage of
all vehicles in a leasing company’s or lender’s portfolio including commercial fleets.
LMITS maintains a secure database of all VINs in the portfolio.
Access to a centralized Canadian auto insurance database allows i2iQ to monitor your portfolio for regular updates on current insurance status.
LMITS alerts the client to material changes in coverage such as:
- Cancellation of coverage due to non-payment of premium
- Mid-term cancellation by insurer or policyholder
- Lapsed coverage
- Change in coverage amounts
Where material changes have occurred, LMITS will:
- Follow up with contact letters, emails and calls according to the client’s specifications.
- Send hard copy letters to brokers/agents requesting full information
- Confirm coverages
- Record responses from brokers/agents
- Track written notifications of change of insurer
- Add scanned documents to client’s database
- Provide instant online access to all scanned documents