Vancouver, BC – LGM Financial Services Inc. (LGM) is excited to announce a significant expansion to its SecureDrive Loan Protection coverage. The SecureDrive Loan Protection plan will now extend its protection eligibility to include most makes and models of motorcycles, offering the same comprehensive protection that has been available to automobiles.
The expansion ensures more motorcycle owners receive comprehensive financial security, helping them meet vehicle payment obligations during life-changing events like death, critical illness, disability, or involuntary unemployment. It also represents LGM’s entry into new markets, alongside several other product enhancements and new product launches scheduled in the coming months.
Over the past decade, motorcycles have become increasingly popular as a low-cost means of personal transport. The global motorcycle market is expected to grow from USD 84.00 billion in 2024 to USD 140.38 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.6% (Fortune.com). This trend highlights the growing demand for motorcycle-related finance and insurance (F&I) products.
“Motorcycles have become an increasingly popular and affordable means of personal transportation,” said Jeff Schulz, Executive Vice President of Marketing at LGM Financial Services. “We’re pleased to offer our comprehensive SecureDrive Loan Protection to this growing segment, ensuring that motorcycle owners have the financial security they need during life’s unexpected events.”
SecureDrive products are sold through LGM’s exclusive network of responsible dealerships that share their mission of bringing consumers the best car ownership experience possible. For more information about SecureDrive, visit SecureDrive.ca.
About SecureDrive
SecureDrive, a division of LGM Financial Services, provides comprehensive loan protection products designed to offer financial security for vehicle owners. With a focus on delivering adaptable and reliable solutions, SecureDrive is committed to meeting the diverse needs of its customers across various vehicle types.
About LGM Financial Services Inc.
LGM Financial Services (LGM) is a leader in Canada’s automotive space, focused on revolutionizing the consumer automotive experience through technology, transparency, and sustainability. Since 1998, LGM has been providing branded Finance and Insurance (F&I) products to distinguished automotive manufacturers and dealers across the country. LGM works to maximize dealership performance and customer satisfaction through products that are backed by an elite F&I sales and training program, and a comprehensive claims and dealer support network. For future information visit www.LGM.ca.
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