Shorten Cycle Times with VTLE + PhotoWrite®

The days of sending your appraisers to do multiple physical inspections a day are over. It’s costly, time consuming, and wildly inefficient. We partnered with Copart to give insurance companies a better way to manage total loss. VTLE + PhotoWrite® is an estimate and evaluation inspection tool for ‘early tow vehicles’ created to eliminate added costs and get money into the hands of your policyholder in record time. 

When you choose VTLE + PhotoWrite® you’ll shorten total loss cycle times by benefiting from:

  • Shortened processing time
  • Faster lienholder payments
  • Increased policyholder satisfaction
  • Appraiser cost savings
  • Quick-to-identify supplements

How VTLE + PhotoWrite® Can Cut Days Off Of Total Loss Processing Time

With VTLE + PhotoWrite® you can recognize total losses quickly. Here’s how it works:

  • Your policy holder calls in a loss and their vehicle is picked up at the scene and brought directly to Copart
  • At arrival, a Copart employee takes 22 high resolution digital photos of the damage and writes detailed conditioning notes that are automatically imported into Comsearch’s database
  • Comsearch’s team can turn around an estimate, NADA value, salvage value, true valuation, and UPD report (if warranted) within 24 hours from the time Copart sends the vehicle photos over
  • Comsearch submits conditioning, options, and UPD adjustments to valuation service companies
  • Your policyholders receive a quick settlement

total_loss_vehicle

Additional Benefits of VTLE + PhotoWrite®

Eliminate Appraiser Travel Time

The VTLE + PhotoWrite® Service can completely eliminate the need, time, and cost for an appraiser to ever have to visit the vehicle by providing photos, inspection details, and conditioning reports made by a Copart employee.

Faster Lienholder Payments

If your policyholder has lien holders, making contact with that financial institution can be an extremely time consuming process to inexperienced appraisers. Comsearch’s expertise with lien holders gets money into their hands fast. 

Our average cycle turnaround gets everyone paid in just 7 days. Ensuring that all parties involved are satisfied quickly.

Ensure Satisfied Policy Holders

It’s no secret that the biggest detractor for policyholders is cycle time. A total loss event that leaves your customer waiting can cause increased levels of frustration. The more days that go by where your customer is without their car, out of the loop of their claim, and discover that their vehicle is worth less than they thought is a recipe that creates detractors–resulting in customer loss rates that you don’t want for your business. 

Save Time and Costs By Outsourcing Total Loss

The easiest way to lose a policyholder is by doing an average job at total loss. If you’re an insurance company and you’re sending someone to the salvage yard and still using a VTLE, your cycle time is probably 7-10 days. With VTLE + PhotoWrite® that timeline is cut in half. Our goal at Comsearch is to get your policyholder paid as fast as we can, and we’re pretty good at it.