At McGraw Powersports, we are proud to offer an array of specialized coverage options as an added benefit to our dealers and their customers. These will help protect both the vehicle and the rider from the unforeseen and precarious situations. Learn more about these options so you can be sure you’re offering them to all the right customers.
Guaranteed Asset Protection (GAP)
Guaranteed Asset Protection, or “GAP” as the industry pros say, provides an extra layer of policy padding when financing a new or used powersport vehicle. This waiver covers the difference between a vehicle loan balance and the value of the vehicle, should a theft or total loss occur during the term of a loan.
To break it down for you:
GAP pays the difference between a vehicle loan balance and the value of the vehicle should a theft or total loss occur during the term of a loan, including their insurance deductible up to $1,000. This program offers peace of mind that will make your customer whole and allow them to focus on replacing their motorcycle, ATV, UTV, or personal watercraft.
GAP coverage allows your clients to enjoy their purchase while expecting the best but being prepared for the worst. McGraw Powersports offers GAP for motorcycles, off-road vehicles, and personal watercraft vessels.
This coverage option includes on-location servicing of batteries, tires, fuel, oil, and water. It also includes towing capabilities and lockout options in the event that you are unable to access your vehicle due to locking systems or loss of keys. We offer a Basic plan, which includes three benefits per year with a maximum benefit of $250 per occurrence. The Plus plan is a premium option that offers five benefits per year with a maximum benefit of $500 per occurrence. This is a specialty coverage that ensures you will never get stuck on the side of the road with your motorcycles, scooter, vehicle, or trailer.
Tire & Wheel Protection
We proudly offer two levels of tire & wheel protection: TireSafe Basic and TireSafe Plus. TireSafe Basic is an option for new or used bikes, has no deductible with nationwide coverage (including Canada), is transferable, and includes up to $3,500 in coverage, five tires repaired, and four tires replaced.
Our TireSafe Plus program includes all of the benefits of the Basic program, in addition to up to four wheels replaced and up to $75 in reimbursement for towing per occurrence. Coverage includes all costs associated with the repair or replacement of tires and/or wheels, plus labor charges, balancing, valve stems, mounting, towing and taxes.
Read more about this coverage option here.
Priority Maintenance Protection
Priority maintenance coverage provides regularly scheduled maintenance for your customer’s new or used machine. At specified intervals, factory recommended services will be performed including oil change, valve adjustment, oil filter check and adjustment, air filter service, and final drive service. Spark plugs, cables, and throttle body will also undergo routine examinations. This maintenance agreement is valid at the selling dealership and at authorized dealers should your clients need service while away from their home.*
*Please Note: Repairs, servicing, cleaning and replacement of items not listed as part of the manufacturer’s scheduled maintenance are not covered by this agreement.
We are also pleased to offer appearance protection, GPS theft recovery protection, and theft protection. These additional options are outlined on our website at www.mcgrawpowersports.com, or contact me, your Regional Sales Manager, for more information.
*Coverage is based upon unit qualification at time of purchase. Brochure, email and article are informational only. Please see copy of your contract for terms and conditions.