June 30, 2009
Protective Adds GAP To Marine and Powersports Lineup
ST. LOUIS — The
Marine and Powersports groups of Protective’s Asset Protection Division have
added GAP coverage for its marine and powersports dealers. This new product
offering provides broader coverage for consumers purchasing new and pre-owned
boats, and a variety of porwersport products.
“We are happy to bring GAP to our dealerships
as another valuable revenue tool to help them further grow their business,”
said Chris Bernish, vice president of FPC Dealer Sales. GAP offers value to
consumers buying a new or pre-owned boat, or powersport item such as a sport
bike or a jet ski, he added.
Protective
GAP is designed to cover the difference, in most cases, between the scheduled
asset pay-off amount and the asset’s actual cash value. It will cover a
customer’s primary insurance deductible up to $1,000 in certain states.
Protective GAP is available for most new and pre-owned marine assets. The maximum
loan term is 240 months. Coverage is available for the first seven years of the
loan term.
Coverage
is available for most financed new and pre-owned sport bikes, snowmobiles,
UTV’s, ATV’s, cruiser bikes, touring bikes, scooters, Lehman trikes, off-road
bikes, dual bikes and personal
watercraft such as jet skis.
“We
expect GAP to be a welcome addition to the current Protective products for our
powersport dealerships. Our dealers have been asking for a GAP solution and we
are happy to be able to offer it to them,” said Bernish.
“Our GAP coverage is a nice addition to our core
service contract and accessory program business.”
Phase
one of the Protective GAP rollout is now available in twenty states. For more
information about Protective’s GAP, call 800-328-8690.