Boat Dealer Insurance Services
A complete finance and insurance (F&I) solution that ensures your customers are getting the very best insurance options available.
An outsourced boat insurance provider like Finance Solution has two responsibilities. First, we’re ensuring your customers are getting the perfect policy for their lifestyle, budget, and comfort level. Next, we’re ensuring all liability is transferred so, once the purchase is made, your dealership is protected.
Many outsourced F&I firms like to claim they have “expertise” in the industry they’re serving. It very well could be true, but what that experience actually is makes a significant difference. We’re boat and RV people ourselves, so we know the lifestyle (and the challenges that come with owning a boat.). We’re well-read on all the popular brands, so we know the units themselves. And, most important, we’ve built relationships with the insurers, empowering negotiation and procurement.
This translates into a smooth insurance process for your customers, one that leaves them adequately covered based on their particular needs.
You don’t want to leave anything up to the customer when it comes to closing a deal. A better strategy is to have financing, insurance, and even warranties all out in front through a single provider, so finalizing the deal is the smoothest part of the process. We ensure your customers have a good experience during and after the sale, at least when it comes time to file a claim.
When a new customer rolls off of your lot, new boat in tow, the worst thing that could possibly happen is some sort of accident right outside the dealership. This isn’t the most likely scenario, but it’s a good way to illustrate how the transfer of liability from dealership to the customer is so important. We facilitate that process so an understanding of responsibility and liability is airtight.
Fundamentally, we’re facilitating a positive experience for your customers, and part of that means delivering peace of mind.
As with a road vehicle, you need the proper insurance coverage when you operate a boat. This type of insurance covers most watercraft with motors such as fishing boats, pontoon boats, leisure craft, and yachts. It usually won’t cover small watercraft such as canoes or kayaks, which may be covered under your homeowner’s policy. Boat insurance typically includes:
This is a service we provide for consumers and dealers. The presence of an insurance quote is required by loan lenders and shows you are serious about purchasing the unit and want to protect it from loss or damage. For an all-in-one solution, Finance Solution can provide your customers with everything they need to get out and enjoy the water.
Dealerships that outsource their F&I through Finance Solution regularly see a 20% bump in approvals and, by extension, units moved off of the lot.