Total Loss Protection

With the fastest claims administration, best coverage, and great service, our TLP program raises the bar in the Powersports Industry.

Our Powersports Total Loss Protection program provides customers with up to $5,000 towards the purchase of a replacement vehicle in the event of a total loss from an accident or theft. We provide customers with as much as 4 years of coverage, allowing you to have the peace of mind that you’ll receive financial assistance in your time of need.

How it works

A Powersports vehicle is considered a total loss if 1) the damage it incurs in an accident raises its salvage or repair cost above its insured value, or 2) it is stolen and irrecoverable.

Recovering from a total loss can prove extremely costly, making it difficult for you to buy a replacement vehicle. But by providing our customers up to $5,000 in the case of a total loss, our Powersports Total Loss Protection plan ensures you’ll have enough money to purchase a new vehicle to replace the one you’ve lost.

Every year sees numerous collisions that damage Powersports vehicles beyond repair. The theft of motorcycles, ATVs, and other types of Powersports vehicles also remains a serious issue in our society. But with our Total Loss Protection insurance, customers can feel safe in the knowledge that they’re protected from the steep costs associated with accidents or thefts.

Our Powersports Total Loss Protection program benefits both customers and dealers.

Customer Benefits:

  • Coverage of the Total Loss Protection insurance begins the day the customer buys the vehicle
  • Provides up to 4 years of Total Loss Protection
  • Powersports Total Loss Protection plan can be purchased on a cash or installment basis, providing the customer peace of mind in the event their Powersports is totaled or stolen and not recovered
  • Provides up to $5000 toward the purchase of a replacement vehicle

Dealer Benefits:

  • Customers return to your dealership to purchase a replacement vehicle
  • Gives additional peace of mind coverage (this is not GAP Total Loss Protection)
  • Can be sold on cash and finance customers, but must be purchased at the original date of sale

The Powersports Total Loss Protection plan goes well with the GAP Total Loss Protection program, which pays the difference between the amount you owe the dealer (based on your Retail Installment Sales Contract) and the Actual Cash Value of the Powersports vehicle at the time it was declared a total loss.

If you’d like more information about our Powersports Total Loss Protection program, please feel free to contact Torque Group at (800) 859 0590 or via email.

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