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GAP Coverage
GAP Protection is designed to help protect you from the financial impact of depreciation if your financed powersports vehicle is declared a total loss due to theft or accidental damage.
Program Details at a Glance
Maximum GAP Benefit: $50,000
Maximum Amount Financed: $125,000
Coverage Term: Matches your finance contract, up to 84 months
Eligible Vehicles: Available for eligible new and used powersports vehicles
Enrollment: Must be purchased when your original financing contract is completed
Waives the difference between the vehicle's net loan/lease payoff and the primary insurance settlement in the event of a constructive total loss — theft or total loss by accident. Includes the customer's deductible up to $1,000.
Total Loss GAP Benefit
If your covered powersports vehicle is declared a total loss due to theft or accidental damage, GAP Protection may waive the difference between your vehicle's remaining loan balance and your primary insurance settlement, up to the maximum benefit amount.
A total loss may occur when your insurance company determines the vehicle cannot be repaired economically, the vehicle is stolen and not recovered, or repair costs exceed the vehicle's actual cash value.
Insurance Deductible Benefit
GAP Protection includes reimbursement for your primary insurance deductible, up to $1,000, helping reduce your out-of-pocket expenses after a covered total loss.
If You Don't Have Primary Insurance Coverage
In certain situations where no primary insurance coverage is in effect at the time of loss, benefits may be based on the difference between your remaining loan balance and the vehicle's actual cash value. Additional documentation requirements may apply.
What's Not Covered
Losses occurring before coverage becomes effective
Commercial, rental, emergency service, racing, or competition use
Vehicles with salvage, rebuilt, branded, or lemon-law titles
Self-financed or buy-here-pay-here financing agreements
Financing agreements with non-standard payment structures
Financing contracts with first payments due more than 90 days after purchase
Losses involving fraud, intentional acts, criminal activity, or DUI/DWI
Repossession-related losses
Losses occurring outside the United States, its territories, or Canada
Vehicles with financed amounts exceeding $125,000
*Coverage begins upon receipt of payment. There is a 30-day initial waiting period on new contracts. Renewals at the end of term carry no waiting period. Accessories and equipment must be installed prior to or on the effective date of the contract. All service work must be authorized by the administrator in advance — unauthorized repairs will not be covered.
Understanding the GAP Difference
If your financed powersports vehicle is declared a total loss, your insurance company pays the actual cash value of the vehicle. Because powersports vehicles often depreciate quickly, you may still owe money on your loan after the insurance settlement.
GAP Protection helps cover that remaining balance, reducing unexpected out-of-pocket costs during an already stressful situation.
*This is a general illustration. Actual terms and conditions may vary by state. See the contract for complete provisions, exclusions, and limitations.
Great for Financed Powersports Owners
If you financed your powersports vehicle, GAP Protection can provide added peace of mind by helping protect you from the financial impact of depreciation after a covered total loss.
Common Vehicles Eligible for Coverage
On-Road Motorcycles
Harley-Davidson Motorcycles
Off-Road Motorcycles
ATVs & UTVs
Scooters
Three-Wheel Motorcycles
Personal Watercraft (PWC)
Snowmobiles
Golf Carts
E-Bikes
Lawn & Tractor Equipment
Low down payment buyers — a smaller down payment can increase the difference between what you owe and what your insurance may pay after a total loss.
Long-term financing customers — 60, 72, or 84-month loan terms can mean your loan balance remains higher while your vehicle continues to depreciate.
Used vehicle buyers — GAP Protection can help address the financial exposure that may exist when financing an eligible pre-owned powersports vehicle.
Owners of higher-value vehicles — riders financing Harley-Davidson motorcycles, UTVs, and other premium powersports vehicles may benefit from additional financial protection.
First-time powersports buyers — GAP Protection can provide added confidence by helping protect against unexpected out-of-pocket expenses after a covered total loss.
Anyone financing a powersports vehicle — if you have a loan on your motorcycle, ATV, PWC, snowmobile, or other eligible vehicle, GAP Protection may be worth considering.
Frequently Asked Questions
Find answers to common questions about GAP Protection, including eligibility, coverage, benefits, and how it can help if your vehicle is declared a total loss.
What is Powersports GAP Protection?
It is protection that may help cover the difference between your insurance settlement and what you still owe on your loan after a covered total loss.
What types of vehicles can it help protect?
Powersports GAP may apply to eligible motorcycles, ATVs, UTVs, snowmobiles, golf carts, personal watercraft, and similar financed vehicles, depending on program terms.
When would GAP Protection apply?
It may apply if your covered vehicle is declared a total loss due to events such as an accident, fire, theft, or another covered loss.
Why might insurance not be enough?
Insurance often pays the vehicle’s current value at the time of loss. If your loan payoff is higher than that amount, you could still owe the difference.
Does GAP replace insurance?
No. GAP is designed to work with your primary insurance after a covered total loss. You still need insurance coverage on your vehicle.
Can GAP help with my deductible?
Some programs may include deductible reimbursement, up to stated limits and where available. Check your agreement for details.
Is Powersports GAP worth considering?
If you finance your ride or golf cart, GAP may help protect your budget from an unexpected loan balance if your vehicle is totaled or stolen.
Ride With Greater Financial Confidence
Unexpected events happen. GAP Protection helps ensure a total loss doesn't become a long-term financial burden by helping cover what traditional insurance may not.