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TRAXX
- Certificate Tracking |
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Certificate
tracking is not rocket science. It's a repetitive process that
is easily capable of numbing the mind, and ticking off the
lessee when they receive constant demands for certificates.
Our experience of some of the extremely poor attempts at
tracking caused us to commence our own tracking service.
Good
certificate tracking relies on the ability of the Title Holder
to maintain data and update that data as necessary. It also
requires that the tracking service maintains adequate records,
and has the ability to interpret a certificate when it is
received. An analysis of the requests we received for
certificates from other tracking agencies revealed that there
was a definite lack of quality control, and that they were
often unable to interpret information they had received.
We
track all assets that require insurance coverage, including
Real Estate, Industrial Equipment, Autos, Trucks and Boats.
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Database
Available to Lessor and Lessee |
TRAXX provides the
Lessor with access to their asset database, allowing them to add,
remove, and update assets and lessees. The same database, with
limited data is also available to the Lessee, so that, in the event
that he changes insurance carrier, he can make the necessary
updates. This often prevents requests being sent to the wrong party,
and the inevitable delay while the correct data is determined.
| Database
Tailored to Lessor's Requirements |
Although
primarily intended for certificate tracking, our databases
can be utilized by Lessors to retain more data than is
required for the tracking process, and can provide the
lessor with depreciation schedules, and net asset values.
With a little help from our programming team, you can have
your own tailored asset tracking program.
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| Competitively
Priced |
Our pricing
structure is competitive, particularly when compared to the
programs and services offered by other tracking agencies. We
offer both a "Cost Plus" service, where the lessor
pays all costs and a management fee, or a contract service,
where a monthly fee based on the assets within the database
is levied.
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| Dubious
Certificates Reviewed By A Professional |
Many
certificates are received with ambiguous wording or
coverage. Where the information received is deemed
unsatisfactory, or inadequate to provide the lessor with
security, the certificate is reviewed by a licensed
insurance expert, and, where necessary, a revised
certificate is requested from the carrier/agency.
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| Fully
Automated Date Sensitive Reminder System |
A daily
report is issued by the system on all outstanding
certificates, and our operators also have the ability to
refresh this information 24 hours per day. The time lag from
the initial request to a follow up is determined by you when
your data is first installed. You, as the Lessor, have the
ability to alter this time lag on a global basis for your
whole database.
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| Substitute
Coverage |
In most
cases, we can, where there is no evidence of a lessee's
coverage, provide you with temporary cover, which will be
billed to the Lessee. It is in your interest, however, to
keep this interim coverage period as short as possible, as,
in the event that the lessee does not pay the premium, it
will become your responsibility. Remember, a failure to
purchase insurance is often the first sign of a lessee in
trouble.
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