Reinsurance is when a separate business entity owned by you, the dealer principal, is formed to hold premiums from F&I products that are sold and/or given to your customers. These offerings include limited warranty, vehicle service contract (VSC), guaranteed asset protection (GAP), collateral protection insurance (CPI), vendor’s single interest (VSI), credit life and disability and more.

Reinsurance puts your business in the driver’s seat to a better, more profitable operation and allows you to have greater control of your customers’ ownership experience, as well as your own financial aspects. There’s no delay or hassle for customers to get the repairs they need while you capture the profits that otherwise would have gone to a third party insurance company.

The financial cost of reinsurance will depend on the product(s) being reinsured. There is an annual fee to manage the reinsurance company along with costs associated with each product. With a variety of options and combinations to choose from, we at Buckeye Risk Services would be happy to deliver a custom quote following an initial discovery meeting or call.

The owner has a great deal of control over the investment decisions. There are guidelines reinsurance companies must adhere to when it comes to funding, in order to ensure capital preservation. We can help you navigate through the options and select the program best suited for your business.

Reinsurance has been instrumental in helping automotive dealers turn everyday problems such as warranty work and uninsured losses into profitable opportunities. With reinsurance, you have ownership of your F&I program, meaning premium reserves are retained in your own account. This accessibility allows you to build wealth substantially through underwriting profitability and return on investment (ROI).

No, our agreements allow either party to cancel with 30 days notice. We want you to be happy with us as your reinsurance provider and believe that by offering excellent service and value, our clients will stay with us of their own accord.

At Buckeye, we offer F&I products and support services to ensure your customers are happy and your business is growing. We provide the formation of reinsurance companies, annual management, bookkeeping and tax preparation, as well as train your team how to effectively utilize our solutions. Each program is customized to your needs, which gives you the following benefits:

  • Greater control of your money
  • Quarterly financial reporting
  • Competitive pricing and unbeatable service
  • Proven reputation
  • Trust and transparency

Buckeye Risk Services does more than just provide you with F&I products; we also offer training and support. Our in-house management team is always available to answer your questions or concerns and offer consulting services when you need it most.

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