Build around propulsion, hull, electronics, trailer, and use.
Marine programs should distinguish boats from personal watercraft and account for engine type, hull, electronics, trailer, saltwater or freshwater use, storage, weather exposure, and regional service access.
Inboard and outboard boatsPontoon and tow sport boatsPersonal watercraftEligible boat trailers
Available product categories
Build the approved marine portfolio.
Each category is a separate credit union decision. Product details, eligibility, provider, administrator, terms, pricing, jurisdiction, workflow, training, and servicing must be confirmed.
01Primary product
Boat service contracts
Coverage may vary by engine count, propulsion, hull length, age, and use
Review engine, drive, electrical, steering, fuel, and other covered systems
Maintenance, corrosion, overheating, wear, and preexisting conditions require clear treatment
02Primary product
Personal watercraft service contracts
Plans should match eligible stand up, sit down, and tow sport units
Use, modification, maintenance, and seasonal requirements matter
Confirm repair access, authorization, deductible, and component coverage
03Additional option
Trailer protection
May include eligible bearings, lights, brakes, axles, or related systems
Boat and trailer eligibility may be separate
Roadside events, wear, corrosion, and maintenance exclusions vary
04Additional option
Electronics protection
May address eligible chartplotter, sonar, navigation, or onboard systems
Factory installed and aftermarket equipment may be treated differently
Limits, installation, water damage, and failure definitions require review
05Additional option
Appearance protection
May include eligible gelcoat, interior, fabric, or surface protection
Sun, salt, abrasion, weather, maintenance, and neglect terms vary
Regional and coastal program differences may apply
06Selective option when eligible
GAP and debt cancellation
May address an eligible loan balance after a covered total loss
Confirm boat, motor, trailer, and accessory treatment
Primary insurance, valuation, benefit limits, jurisdiction, cancellation, and refund rules control
Credit union design questions
What changes for marine lending?
The product set should follow the credit union’s actual loans, member circumstances, channels, systems, and service capacity.
Freshwater, saltwater, coastal, and named storm exposure
Engine, hull, electronics, accessory, and trailer definitions
Seasonal storage, winterization, maintenance, and corrosion
Marine repair networks, transport, inspection, and claims support
Product notice: This page provides general education and does not confirm current availability or coverage. The Elite FI Partners catalog is written for dealers and informs the range of categories that may be evaluated. A credit union program requires its own product, provider, legal, compliance, operational, and member experience review.
A next step centered on members
Build the right marine product set for your credit union.
Start with a practical review of member needs, lending channels, workflows, employee readiness, and program priorities.