Navigate the complexities of creditor’s Insurance with confidence

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Welcome to Creditors Captive

Creditors Captive Formation Corp. is a tribal corporation specializing in insurance underwriting management and procurement dedicated to serving the unique needs of Buy Here Pay Here dealers, Lease Here Pay Here dealers, finance companies, and other lenders. Our tailored solutions and expert guidance empowers our clients to navigate the complexities of insurance with confidence. Explore a few of our services and discover how we can help you protect your business and assets effectively. All services can be structured as “pay as you go” to match your borrower’s payment schedule so as to eliminate the negative cash flow often required by other providers.

Our Services

At Creditors Captive, our comprehensive range of services includes tailored insurance solutions, risk management strategies, and expert procurement services to ensure that our clients receive the most suitable coverage for their unique needs.

Vehicle Service Contracts (VSC)

VSCs tailored for BHPH dealerships to cover repair costs for mechanical breakdowns, offering peace of mind to both lenders and borrowers. Our VSCs ensure protection and to “keep the car running” so the borrower continues to make the payments.

Debt Cancellation

Debt cancellation plans relieve borrowers from some or all of the financial obligations in case the car is totaled and the pay-off of the note is more than their insurance company will pay. Insurers limit payment to ACV of the car NOT payoff of the credit agreement. Specifically designed for BHPH dealerships, our plans provide lenders with added security while offering borrowers financial protection.

Limited Warranty

Our BHPH-focused limited warranty plans offer protection against unforeseen repair costs, enhancing the value of your vehicles to potential customers. Sellers benefit from their risk exposure being offset with tax deductible dollars and the cost of the limited warranty built into the inventory cost. Borrowers gain confidence knowing their purchases are covered.

Lifetime Powertrain

Lifetime powertrain coverage extends coverage to the “lifespan” of vehicle providing long-term value for BHPH borrowers.

Vendors Single Interest (VSI)

Lenders rely on VSI insurance to protect their interests in financed vehicles that have been repossessed and discovered to have physical damage (can be customized to repair mechanical damage as well). Designed exclusively for lenders, VSI coverage offers seamless protection against uninsured losses.

Collateral Protection Insurance (CPI)

CPI safeguards Lender’s interests by providing coverage on financed vehicles when borrowers fail to obtain or maintain insurance as required by the insuring clause.

About

At Creditors Captive, we understand that navigating risks is crucial for any successful enterprise. That’s why companies trust us to help them prepare for unforeseen challenges. Our firm specializes in creating tailored risk programs for closely-held businesses, enhancing their resilience in today’s competitive business landscape. With our innovative solutions, you can safeguard your company proactively while retaining control over your capital. Get in touch with us today to explore our range of insurance coverage options and take your risk management strategy to the next level.

Contact Us

Whether you have questions about our services, need assistance with a specific claim, or simply want to learn more about what we can do for you, our team is here to help you. Fill out our quick form or email us at info@creditorscaptive.com to get in touch with our experienced professionals today.

Application Form