The Marine Group of Protective’s Asset Protection Division is adding GAP coverage for its marine dealers. This new product offering provides broader coverage for consumers purchasing new and pre-owned boats. "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.

Protective GAP is designed to cover the difference, in most cases, between the scheduled loan 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’s FPC Marine GAP program is available for most new and pre-owned marine assets. The maximum loan term is 240 months, and the coverage is available for the first seven years of the loan term.

"These benefits have been developed to offer consumers more value when buying a new or pre-owned boat," 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-nine states with the remainder to follow pending state approvals. For more information about Protective GAP for marine, please contact Protective at 866-536-1185.