Powersports GAP Coverage
Offer protection for your customer's powersports vehicle in the event of a total loss.
In the event of a total loss of your customer's powersport vehicle due to unrecovered theft, collision, fire or any insured peril, your customer's vehicle asset may be worth less than the amount they owe on their loan at the time of total loss. In many cases this will leave them responsible for paying the difference. If a covered loss occurs, GAP coverage will, in most cases, pay the difference between the actual cash value and the scheduled balance owed to the lender, net of refunds, plus the insurance deductible.