The LeaseWave® lease asset management software system allows for the comprehensive management and tracking of insurance information for all assets at the asset level. While insurance is ultimately tracked at the asset level, it can be maintained and assigned at the lease level (for example, in the case of blanket policies, covering multiple assets/leases at a time). Automated reminders and warnings can also be set up to be triggered by pending expiration dates in the lease management system.
Insurance policies can be created for customers and then assigned to individual assets. Once assigned, assets can be covered by insurance policies, at the given level, thereby accommodating for asset-specific and/or blanket insurance.
Insurance company / agent information can also be extensively maintained, ensuring the central management of potentially common information.. Given the LeaseWave® leasing system’s model, insurance agents can also be treated as a “third party” who can be given controlled and selective access to asset/insurance information.