Watercraft/Marine GAP
Dealer Rates & Program Guidelines
Finance Amount
$0 - $40,000
GAP TERM
-
$235 at 60 months
-
$249 at 72 months
-
$264 at 84 months
Finance Amount
$40,001 - $75,000
GAP TERM
-
$278 at 60 months
-
$295 at 72 months
-
$314 at 84 months
Finance Amount
$75,001 - $150,000
GAP TERM
-
$324 at 60 months
-
$345 at 72 months
-
$368 at 84 months
Finance Amount
$150,001 - $250,000
GAP TERM
-
$380 at 60 months
-
$406 at 72 months
-
$430 at 84 months
Coverage and features
- Max Finance Term:
240 Months - Max GAP Term:
84 Months - Max Amount Financed:
$250,000 - Max Loan to Value:
125% LTV - Type of Finance:
Loan/Installment Sales Contract - Max Benefit:
$25,000 - Max APR:
No limit - Max Watercraft Age:
20 years from the date of loan/installment
- Cancellation:
0-60 days 100% Refund
61+ days = Pro-rata cancellation unless otherwise required by state - Claim filing:
Within 90 days from insurance settlement date or if there is no primary insurance, within 90 days of the date of loss - Deductible Coverage:
Up to $1000 - Claim Adjustment:
Primary carrier settlement - Exclusions:
Please review the back of the GAP Waiver Addendum, section titled Exclusions, for loss or damage that is not covered - Not Available in:
Hawaii, New York, Louisiana, Indiana, Texas, New Hampshire, and Maryland. - Volume Discounts:
Sell 6-10 waivers = $5 discount
10 or more waivers = $10 discount
