The Powersports Group of Protective’s Asset Protection Division is adding GAP coverage for its Powersports dealers. This new product offering provides broader coverage for consumers purchasing a variety of powersport products.

Coverage is available for most financed new and pre-owned motorcycles, ATV’s, personal watercraft, sport boats, and snowmobiles. "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 Chris Bernish, Vice President of FPC Dealer Sales.

Protective’s XtraRide Powersports GAP program is designed to cover the difference, in most cases, between the scheduled loan pay-off amount and the asset’s actual cash value. GAP offers enhanced customer satisfaction and the opportunity to maximize the dealer’s F&I potential. It will cover a customer’s primary insurance deductible up to $1,000 in certain states with a maximum retail installment loan term of seven years and a revolving credit term of 5 years.

"These benefits have been developed to offer consumers more value when financing a new or pre-owned powersport unit," said Bernish. "Our GAP coverage is a nice addition to our core powersports program." Protective GAP coverage is currently available in twenty-nine states with the remainder to follow pending state approvals. For more information about Protective GAP for Powersports, please contact Protective at 866-536-1187.