January 9, 2019
Wise F&I introduces GAPWise coverage for private passenger marine vessels; the latest in a full suite of Guaranteed Asset Protection (GAP) products offered for most vehicles on the road—and off. GAPWise is a voluntary automotive protection product that provides coverage on marine vessels in the event of a total loss due to accident or theft. GAPWise coverage is available nationwide at participating automotive, power sport, RV or marine dealerships.
Wise F&I has been a locally owned St. Louis business for 30 years and is a leader in the automotive finance and insurance industry. To best meet the needs of the marine vessel owner, GAPWise coverage is available for a privately owned boat, yacht or personal watercraft, measuring 50 feet or less. GAPWise offers dealerships fully compliant GAP coverage. “We are celebrating 30 years in business this year, as well as 30 years of being a GAP provider,” said Matt Croak, President, Wise F&I, “and we are pleased to be able to extend our reach through the availability of marine specific GAP coverage. Wise F&I strives to innovate in ways that put the consumer first and to always provide peace of mind in the event of a total loss whether that be for a vehicle or a watercraft.”
Along with coverage for marine vessels, GAPWise provides GAP coverage for new or used automobiles, light trucks and SUVs in all 50 states as well as coverage for commercial vehicles; recreational vehicles and power sport vehicles, including Harley Davidson-specific coverage. GAPWise is flexible, with options for franchise and independent dealers; standard, flex or buy-here-pay-here financing; with private label options. The availability of specific coverage benefits varies by state and specific GAPWise form.