OnTRACK Construction Escrow Disbursing Management Software for Banks Title Companies Fund Control Operations.
Protecting You Against Construction Liens, Contractor Fraud and Financial Losses
For Property Insurers
When disaster strikes, insurance companies almost always do a great job evaluating loss and paying claims to their policyholders. However, for the policyholder, the financial hazards related to reconstruction have just begun. Contractors must be hired, plans and budgets must be approved, permits must be acquired and payments must be made.
Unfortunately, very few property homeowners and business-owners are aware of the financial dangers related to construction. Very few know that if a primary contractor fails to pay a subcontractor or a supplier, a mechanic's lien can be placed on the property. Very few know that, to satisfy the lien, the property owner may be forced to pay for the work again even though payment to the primary contractor has already been made. In extreme cases, property owners can be forced into foreclosure to pay the lien. Your policyholders control the money; LienShield simply provides the tools they need to pay the contractor right.
By offering LienShield to your policyholders following a claim, you will be able to extend your "touch" through reconstruction without being entangled in the owner-contractor relationship.
LienShield Benefits to You
When your policyholder is empowered to securely control the project, they will be satisfied with the entire process including your part which is claims settlement.
When the project is complete your policyholder will be invited to answer a few survey questions related to her satisfaction with the contractor. You will be able to pull "real-time" aggregate contractor satisfaction reports.
Click Here to Go To LienShield.Com for More Information.
If you would like additional information on InterTech USA services, please call us at 1.800.291.6517 Ext. 222 or
contact us using the online request form.