LMITS – Lease Management and Insurance Tracking System

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 requirements.
• 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
• Verification of mandatory liability coverage
• Provide instant online access to all scanned documents