Powersports GAP

Program Information and Guidelines
Motorcycle, ATV, Snowmobile, Personal Watercraft

Coverage Limits*:

Program Description: ATV, Snowmobile, personal watercraft or other power sport vehicle under 1,500 (GVW) that is included on your finance agreement
Max Amt. Financed: $50,000
Max Loan to Value: 125% LTV
Type of Finance: Loan / Installment Sales Contract, Credit Card / Open-Ended Credit
Max APR: No limit
Max Finance Term: 84 months
Max Gap Term: 84 months
Deductible Coverage: Up to $1,000
Max Benefit: $25,000
Max Vehicle Age: 10 years from the date of the Loan/Installment Sales Contract/Credit Card purchase
Cancellation: 0 – 60 days = 100% refund
61+ days = Pro-rata cancellation unless otherwise required by state

Claim Adjustment: Primary carrier settlement
Claim Filing: Within 90 days from insurance settlement date or if there is no primary insurance, within 90 days of the date of loss
Exclusions: Please review the back of the GAP Waiver Addendum, section titled Exclusions, for loss or damage that is not covered
States Not Available*: Hawaii, New York, Louisiana, Indiana, Texas, New Hampshire and Maryland

* Refer to Waiver Addendum for complete details.