Credit Hire Monitoring
Banwells engineers and CII qualified administration staff are able to offer a credit hire monitoring service to help reduce credit hire costs.
Credit hire monitoring has a proven return on investment for Banwells customers.
The key benefits are:-
- Proactive management of a case rather than a post-repair reactive approach;
- Insurer has more transparency and tighter control over credit hire periods and credit repair costs;
- Insurer is armed with information to allow them to negotiate repair costs early in the process;
- Awareness of expected repair periods to allow accurate reserving of credit hire exposure on any particular case;
- Habit forming with repairers – the process drives repairers to prioritise cases that are being monitored.