FAQ
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ClaimPay is a financial partner that offers cash flow solutions for property damage providers such as mitigation and remediation companies, mold and engineering assessors, roofers, and others performing services on AOBs, LOPs, or Service Agreements. ClaimPay also supports residential and commercial property owners by funding their property damage providers that complete mitigation, remediation, mold, engineering, or roofing services.
ClaimPay works with Property Damage Providers dealing with cash flow constraints caused by unpaid account receivables by insurance companies. ClaimPay Insured Funding gives the money in advance of the collection of receivables, and contractors and ClaimPay wait for the collection, no matter how long it takes. ClaimPay is a financial partnership that keeps the business stable and supports its success by removing cash flow constraints.
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1. How do I get started?
2. Am I eligible to receive funding?
3. Is the funding you're providing a loan?
4. How to obtain funding from ClaimPay?
5. When I will receive payment?
6. What types of claims do you fund?
7. Do you fund claims post July 2019?
8. Do you fund a direction to pay?
9. Do you monitor the claims after they are funded?
10. What about claims that are in litigation?
11. What are the qualifications to get started?
12. How does ClamPay make money?
13. What size business does ClaimPay fund?
14. What problems does ClaimPay solve for contractors?
15. How will my funds be dispersed?
16. What happens if ClaimPay is not paid by the carrier?
17. Why should I use ClaimPay instead of waiting on funds?
18. What is ClaimPay?
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