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Auto accidents are undoubtedly traumatic for everyone, but when a vehicle with a loan is deemed a 'total loss,' the situation quickly becomes even more complex, but it doesn’t have to be; ClaimsPay® makes complex lienholder payments... simple.
By eliminating the paper check from the lienholder claim payment process, you can shorten your claim cycle time by as many as 10 days. With ClaimsPay® digital payments, lienholder approvals and payments take days instead of several weeks. The entire process is paperless, efficient, and simple – so you can get transferred titles faster, reduce rental car and storage expenses, recoup money from salvage, and quickly close the claim.
Paying lienholders quickly and shortening the claim cycle time improves your customer experience. Your policyholders can rest assured that you are promptly and efficiently taking care of it, no matter how complex their claim. By providing them with a frictionless and convenient claim payment experience, you are winning customer loyalty.
Paying lienholders digitally through your existing claims system eliminates the time-consuming two-party check process. Reducing dependence on checks can cut operational expenses by as much as 80%. With built-in fraud protection controls, digital lienholder payments are a more cost-effective and secure solution for insurers
Everyone is familiar with the long and complex process of working with lienholders when dealing with a total loss claim. When using One Inc's ClaimsPay® for Lienholder Payments, it is so much easier. Download the Infographic to see just how much better total loss auto claims could be.