Loan Protection

We’ve Got Your Back

You put a lot into your investments, and we put a lot into protecting them. At Georgia’s Own, we not only help you achieve your financial goals, we also help overcome the unexpected life events that threaten your financial well-being.

Guaranteed Asset Protection (GAP)

Before you hit the road in your new ride, consider getting GAP along with one of our vehicle loans. It’s designed to protect you if your car is ever stolen or totaled. If one of these things happens and you owe more on the loan than the value of the vehicle, our GAP program may reduce or eliminate the difference between the amount your insurance covers and your remaining loan balance. Our GAP plans could save you serious cash.¹

Want more information? Click below to see the full brochure.

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Mechanical Repair Coverage (MRC)

When that rattle, squeal or bang coming from under the hood turns into a big repair bill, having MRC can come in handy. MRC pays the cost of covered repairs directly to the repair facility – no out-of-pocket expenses for you except any applicable deductible². Get the details in our MRC brochure below.

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Member Protection Plus

When serious and unexpected life events happen such as the death of a loved one, disability, involuntary unemployment or family leave occur, Member Protection Plus Payment Protection³ could be your financial safeguard. Through this product, we may cancel your loan payments, up to contract maximums, to help you get back on your feet.

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Need to file a claim? click here.

LPS-3250171.1-0920-1022

¹Your purchase of MEMBER’S CHOICE™ Guaranteed Asset Protection (GAP) is optional and will not affect your application for credit or the terms of any credit agreement you have with us. Certain eligibility requirements, conditions, and exclusions may apply. You will receive the contract before you are required to pay for GAP. You should carefully read the contract for a full explanation of the terms. If you choose GAP, adding the GAP fee to your loan amount will increase the cost of GAP. You may cancel GAP at any time. If you cancel GAP within 90 days you will receive a full refund of any fee paid. GAP purchased from state chartered credit unions in FL, GA, IA, RI, UT, VT, and WI, may be with or without a refund provision. Prices of the refundable and non-refundable products are likely to differ. If you choose a refundable product, you may cancel at any time during the loan and receive a refund of the unearned fee.

²Mechanical Repair Coverage is provided and administered by Consumer Program Administrators, Inc. in all states except CA, where coverage is offered as insurance by Virginia Surety Company, Inc., in WA, where coverage is provided by National Product Care Company and administered by Consumer Program Administrators, Inc., in FL, LA , and OK, where coverage is provided and administered by Automotive Warranty Services of Florida, Inc. (Florida License #60023 and Oklahoma License #44198051), all located at 175 West Jackson Blvd., Chicago, Illinois 60604, 800.752.6265. This coverage is made available to you by CUNA Mutual Insurance Agency, Inc. In CA, where Mechanical Repair Coverage is offered as insurance (form MBIP 08/16), it is underwritten by Virginia Surety Company, Inc. Coverage varies by state. Replacement parts may be used or remanufactured. Be sure to read the Vehicle Service Contract or the Insurance Policy, which will explain the exact terms, conditions, and exclusions of this voluntary product.

³Your purchase of Member Protection Plus is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan representative, or refer to the Member Agreement for a full explanation of the terms of Member Protection Plus. You may cancel the protection at any time. If you cancel protection within 30 days you will receive a full refund of any fee paid.