The Powersports Group of Protective’s Asset Protection Division is adding GAP coverage for its powersports dealers, the company said in a press release.
This new product provides coverage for most financed new and preowned sport bikes, snowmobiles, UTVs, ATVs, cruiser bikes, touring bikes, scooters, Lehman trikes, off-road bikes, dual purpose bikes and PWC.
“We expect GAP to be a welcome addition to the current Protective products for our powersport dealerships,” said Chris Bernish, vice president of FPC Dealer Sales. “Our dealers have been asking for a GAP solution and we are happy to be able to offer it to them.”
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.
For more on the new F&I product, see a future edition of Powersports Business.