VSI Reinsurance for Dealers & Lenders
Reinsure Vendor Single Interest Insurance You Own
DealerRE helps auto dealers and lenders set up a dealer-owned reinsurance company, so VSI premiums stay in your company instead of a third-party provider.
- Covers lender interest when a borrower has no insurance
- Admin obligor structure insured by A rated insurers
- We handle setup, claims, filings, taxes and reporting
Serving 400+ dealers coast to coast since 1994. NIADA member and sponsor.
Prefer to talk? Call (804) 824-9533
Talk to a VSI reinsurance specialist
Tell us about your dealership or loan portfolio. We will walk you through how a dealer-owned VSI program is set up and run.
Why dealers and lenders reinsure their own VSI
Premiums stay with you
Instead of paying a third-party VSI provider, the premiums flow into the reinsurance company you own.
A rated insurer behind it
DealerRE uses an admin obligor structure, so your reinsurance company is insured by A rated insurers.
Protection on uninsured collateral
VSI responds when a vehicle is damaged or destroyed and the borrower does not carry the required insurance.
We run the back office
Claims adjudication, compliance, bookkeeping, financials, legal forms, filings, tax returns and renewals.
More control of claims
You see the claims experience on your own book instead of waiting on an outside provider's decisions.
Nationwide, since 1994
DealerRE works with franchise, independent, retail and BHPH dealers coast to coast from Southeast Virginia.
What vendor single interest insurance covers
Vendor Single Interest (VSI) protects the lender's interest when a financed vehicle is damaged or destroyed and the borrower does not keep the required insurance in place. It also responds to costs tied to recovering collateral.
With DealerRE, you do not buy VSI from an outside provider. You form your own dealer-owned, admin obligor reinsurance company and reinsure the VSI you write, along with other F&I products you sell.
- Protects the lender when a vehicle is damaged or destroyed and the borrower lacks required coverage
- Covers losses from the inability to repossess a vehicle
- Covers towing and storage costs
- Covers skip tracing expenses
- Admin obligor structure: your reinsurance company is insured by A rated insurers
- Bundle other products in the same company: VSC, GAP, CPI, DCC, limited warranty, tire and wheel, windshield, door ding and theft prevention
- DealerRE manages all legal forms, filings, tax returns and renewals
- No hidden additional fees
Trusted by dealers coast to coast
“After 25 years in business as a buy here, pay here dealership, I saw my write offs due to uninsured customers and low insurance settlements reach an unacceptable level. I looked at several different programs, and felt that DealerRE offered the best solution for my business. After my first year, I have seen a decreased insurance workload, my insurance write offs have decreased, and my new reinsurance business has created a significant stream of additional income. On top of this, the DealerRE team handles every last detail of my reinsurance company. If we ever need anything, our calls or e-mails are always answered immediately. I would absolutely recommend DealerRE to anyone in the buy here, pay here business!”
“Nothing but praise for the DealerRE products and team. The team is professional, focused and will almost ensure your sucess. We find the CPI very useful, and our customers love the Service Contracts. They are members of many of the independent dealer associates and seem to really enjoy working within the auto industry. Great experience.”
“Turnkey from A to Z! They really understand all the aspects of reinsurance and are ALWAYS available to help, being just a phone call away.”
What happens after you reach out
We learn about your business
A short call about your store or loan portfolio, the products you sell now and who administers them today.
We review the numbers
DealerRE analyzes your dealership numbers and shows how a dealer-owned VSI program would be structured.
We set up and run it
We handle company setup, legal forms and filings, staff training, claims adjudication, bookkeeping and reporting.
Frequently asked questions
What is vendor single interest (VSI) insurance?
VSI protects the lender when a financed vehicle is damaged or destroyed and the borrower does not carry the required insurance. It also covers losses from the inability to repossess, plus towing, storage and skip tracing costs.
Can a car buyer purchase this from DealerRE?
No. DealerRE works only with dealers, dealer principals and lenders. We do not sell coverage to consumers or vehicle owners.
Who is eligible to reinsure VSI?
Franchise, independent, retail and Buy Here Pay Here dealers, plus auto lenders and finance companies. DealerRE works with dealers nationwide across the United States.
What does it cost to start?
Program structure depends on your volume, the products you sell and how your book looks today. DealerRE states there are no hidden additional fees, and a quote call clarifies the setup and ongoing administration for your situation.
Do I have to manage the reinsurance company myself?
No. DealerRE provides full-service administration: company setup, legal forms, filings, tax returns and renewals, claims adjudication, compliance, bookkeeping, financials and performance reporting.
Can I reinsure other F&I products in the same company?
Yes. Dealers commonly add vehicle service contracts, GAP, limited warranties, CPO warranties, CPI, DCC, tire and wheel, windshield, door ding and theft prevention products.
See how a dealer-owned VSI program works
Send us a few details about your dealership or loan portfolio. A DealerRE specialist will explain the structure, the administration we handle and the next steps. Office hours are Monday to Friday, 9AM-5PM.
- Covers lender interest when a borrower has no insurance
- Admin obligor structure insured by A rated insurers
- We handle setup, claims, filings, taxes and reporting
Prefer to talk? Call (804) 824-9533