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TAKE YOUR DEALERSHIP
TO THE NEXT LEVEL!

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WHAT IS REINSURANCE?

Reinsurance is a risk management strategy commonly used in the insurance industry, including the automotive sector. It involves transferring a portion of the risk and financial liability associated with insurance policies to another party, typically a reinsurer. In the context of dealership operations, dealer reinsurance allows the dealer to retain the premium reserves in an account it owns, providing several potential benefits.

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Understanding Different Kinds of Reinsurance

Reinsurance Specialties™ helps dealerships and reinsurance companies understand reinsurance nuances. They specialize in treaty reinsurance, which is prominent in the automotive industry. They customize programs to meet specific needs.

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What Reinsurance Specialties™ Offers

At Reinsurance Specialties™, we offer reinsurance and F&I products to both Buy Here, Pay Here (BHPH) dealers and retail dealers. Our focus is on assisting you in serving your customers and safeguarding your finances. We provide a tailored process that empowers you to maintain control over your funds and differentiate your dealership. We value our clients and are continually expanding our nationwide network. If you have any inquiries, please don't hesitate to contact us. We would be thrilled to welcome you to the Reinsurance Specialties™ Family!

For more specific information about our products, please visit our Buy Here, Pay Here Dealers and Retail Dealers pages.

DEALERSHIP REISURANCE WORKS FOR:

Fast and Dependable

Reinsurance Specialties™ manages your reinsurance program internally, ensuring that tasks such as tax preparation, licensing, and renewals are handled by our in-house accounting team. We are readily available to address your inquiries and provide dealership consulting services as required.

Knowledge and Experience

Reinsurance Specialties™  brings over 80 years of combined experience in auto dealer reinsurance programs and F&I products. With a clientele of over 150 clients nationwide, including Buy Here Pay Here (BHPH) and retail dealerships, as well as financial organizations, we have established ourselves as a trusted provider in the industry.

Transparency

At Reinsurance Specialties™, we understand the importance of cash flow in your business. Our F&I products and services offer you quick access to capital and enable you to maintain control over your finances. We provide timely and comprehensive financial statements on a quarterly or monthly basis, ensuring that you stay well-informed about the financial status of your program.

Tailored To Your Dealership

We understand that every dealership and its customers have unique needs. That's why our team at Reinsurance Specialties™ takes a customized approach to reinsurance. We tailor coverage, terms, net remittance of claims and cancellations, as well as F&I products, based on your specific goals and objectives. We believe in providing personalized solutions that align with your dealership's requirements.

DEALERSHIP REINSURANCE WORKS FOR:

Done Deal

LIMITED 
WARRANTIES

Our vehicles come with included mechanical breakdown coverage, which adds value and enhances consumer confidence in their purchase.

Signing a Contract

VEHICLE SERVICE
CONTRACT (VSC)

Optional mechanical breakdown coverage offered at the time of sale includes roadside assistance, towing, and rental car reimbursement.

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GUARANTEED ASSET PROTECTION INSURANCE (GAP)

GAP insurance covers the remaining balance on a car loan in the event of a total loss, after the primary insurance settlement has been applied.

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COLLATERAL PROTECTION INSURANCE (CPI)

We offer comprehensive and collision coverage for all drivers, providing physical damage protection for your vehicles. Customer may incur CPI costs.

Car Lot

VENDOR SINGLE INTEREST INSURANCE (VSI)

Lenders can purchase coverage to protect against losses related to repossession, including skip tracing, towing, storage, and physical damage.

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DEBT CANCELLATION CONTRACT
(DCC)

We provide coverage for a customer's auto loan payments in the event of unforeseen circumstances.

Image by Avery Evans

CREDIT LIFE / DISABILITY

We offer coverage to protect a customer's auto loan payments in case of unexpected events.

CONTACT
REINSURANCE SPECIALTIES™

CONTACT US

Email: info@resinsurancespecialties.com
Tel:  405.849.6345

For any general inquiries, please fill in the following contact form:

© 2024 by Reinsurance Specialties   

A privately owned insurance company (POIC) is a closely held insurance company established primarily to insure the uninsured and under-insured risks of a company and affiliated groups. Insureds are involved in operations which include: underwriting, policy placement, claim decisions, investments and annual strategies for the insurance company.

 

Private insurance and alternative risk transfer planning involves sophisticated insurance and risk management planning (e.g., actuarially based policies), company formation with select domiciling entities, regulatory and compliance documents, and a wide range of accounting, financial and taxation specialties. This planning is specific to each set of circumstances. It is not appropriate to apply general information described herein to any particular situation. The formation of a private insurance platform is a part of a client's implementation of alternative risk transfer planning. As a result, this planning should not be undertaken without a competent team of professionals who have extensive experience in private insurance and alternative risk transfer planning. Prospective Clients and any Interested Party should seek the advice of knowledgeable legal counsel and tax professionals to answer any questions related to their specific needs. The information herein is general in nature and may not be relied on for any specific use. The content herein (including graphics) does not purport to show all details and complexity in establishing a compliant private insurance platform or alternative risk transfer program. Reinsurance Specialties (and/or its affiliates) is not engaged in rendering legal services or advice. Disclosure under IRS Circular 230: the information and services offered are not intended to and do not comply with the US Treasury Department's technical requirements for a formal legal opinion and cannot be used by a taxpayer to avoid any penalty that might be imposed on a taxpayer. Nothing herein may be used in promoting, marketing or recommending any one specific investment plan or arrangement.

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