Marine GAP


In the event of marine asset theft, or an accident that results in a total loss, most insurance companies only reimburse the owner for the market value of the marine asset. This, along with the deductible, can create a significant gap between what your insurer will pay you and the balance on your loan or lease.

Because of common risks associated with theft and collision, the chances of your watercraft being involved in a total loss may be greater than you think. With marine GAP protection you can be confident that most or all of your deficiencies or deductibles will be waived.