vendor single interest (VSI) Insurance
If you are a lender, vendor single interest (VSI) is worth your consideration. VSI is typically a blanket coverage for all assets within your loan portfoilio. VSI helps reduce unforeseen repossession losses reducing net charge-offs.
VSI protects the lender from:
- Damage to the vehicle when the borrower did not have the necessary insurance coverage, including total loss
- Losses due to the lender being unable to repossess the vehicle
- Losses due to skip tracing, towing & storage
why Buckeye Dealership Consulting
Buckeye Dealership Consulting proudly services hundreds of dealers and reinsurance companies nationwide in the automotive space, including Buy Here Pay Here (BHPH), retail, and independent finance companies.
Founded in 2008, Buckeye was built from knowledge and experience gained in the F&I reinsurance market for franchise dealers. Since then, we’ve focused on independent dealers and tailored our program to fit their business model. Through these programs, we are helping dealers control their risk, improve cash flow, and increase the bottom line.
If you are a retail dealer, you know the back-end profit has become more important than ever. For BHPH dealers, in your business, cash is king. We have optimized our reinsurance structure to maintain access to your capital and maximize cash flow.
News & Corporate Blog
By Chris Kirwin CEO Berkshire Risk Services I...