Protective Adds GAP To Marine and Powersports Lineup
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.
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.
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