Insurance

At Love & Persson Group, we work with you to determine your needs. We believe that all our clients should be educated as to what insurance does and does not cover in addition to the importance of maintaining proper insured values. You work hard to create a home and lifestyle - don't expose yourself to hardship due to a lack of insurance knowledge. As professional insurance brokers, we appreciate your questions and concerns and in turn, provide you with advice to protect your assets and lifestyle.

• In an ever-changing insurance marketplace, do you feel your property insurance policy is up to date?
• Are you aware of what your policy actually insures you for?
• Are you comfortable that your current limits of insurance will restore your property to the same state as prior to a major loss?
• Have you recently completed a household or business inventory to verify values?
• Do your payment options fit your lifestyle?
• Have you met with your insurance professional lately to review current insurance coverage?

Residential

At Love & Persson Group we can help you with ALL your personal insurance needs.

Whether you are a home owner or tenant we can provide a wide range of coverages:

homeowners,
mobile homeowners,
tenants insurance,
condominium homeowners
seasonal residences & rental properties

We can also recommend where additional coverages may be required on items such as:

jewellery
bicycles
fine art and collectibles
sewer back-up
lower glass deductible

Many discounts are available including:

age discounts
alarm discounts
newer homes
non-smokers
mortgage free
claims free discount

Commercial

Here at Love & Persson Group we can handle ALL your business and commercial insurance needs. No matter the size or what your business is, we can tailor your coverage to your company's specific needs:

commercial buildings
commercial liability
contractors policies
garage policies
directors and officers
bonding and surety
commercial vehicles

Farm

Love & Persson Group can provide you with a comprehensive farm policy that meets your needs.

We can insure your:

Farm Homeowners
Farm Outbuildings
Farm Machinery & Equipment
Livestock
Tools
Farm Liability

There is also additional coverage which we can provide including

Machinery Loss of use
Hay, Feed & straw coverage
Fertilizer & chemicals
Additional Farm Liability
Sewer Back-up

Automobile / Autopac

Love & Persson Group is an Authorized Autopac Agent with services available at both our Dauphin Main Street and Grandview Main Street locations.

Autopac services we provide include:

Driver Licensing including photos
Photo ID Cards
New Vehicle Registration and Renewals
Commercial Automobile and Fleet
Loss of Use
New or Leased Car Protection
Excess Value Coverage
ATVs and Snowmobiles
Motorcycles
Campers
Vehicle Extension Coverage (SRE)

Life Insurance

At Love & Persson Group, we believe that no matter the stage of life, it is important to recognize the importance and necessity of insurance and estate planning. We are committed to working with our clients to assess their needs and to put into place a successful plan to meet those needs. We are proud to offer:

Family / Farm / Business Estate Planning
Income Replacement Solutions
Long-Term Care Solutions
Critical Illness Coverage
Life Insurance & Annuities
Disability Coverage

We are contracted with Canada's top insurance companies and can provide you with the product best suited to your needs at the best price.

Article: Smart Talk about choosing the right insurance

Mortgage Insurance

MORTGAGE INSURANCE VS. TERM INSURANCE

Before you say yes to mortgage insurance, consider a product designed to protect you and your loved ones – not your lender.

Get more for your money with Term insurance. When you’re approved for a mortgage, your lender will offer to sell you mortgage insurance. That may seem convenient, but…Before you say yes to mortgage insurance, you should know that you have other options. Protecting your mortgage with an individually-owned term insurance plan, like Term, offers you and your loved ones better guarantees and greater choice. Quite simply, Term provides better value, more flexibility – and in most cases at a lower cost.

Take a look at the differences between protecting your mortgage using Term insurance vs. most lenders' mortgage insurance:

If I purchase Mortgage Insurance:

I pay the premiums, so I would own the policy. Right? NO. You’re part of a group policy owned by the lender. Your lender is the beneficiary.

Is the coverage flexible? NO. Your lender will insure you only for the amount of your mortgage. You can’t alter, renew or convert the policy. If you choose to move your mortgage to another lender, you can’t transfer the policy. Your coverage ends when the mortgage is paid off or ends.

Circumstances change. If it’s better for my beneficiaries to use the proceeds from the policy for something other than paying off the mortgage, will they have that option? NO. Upon death, the benefit goes directly to your lender to pay off the mortgage.

Is the coverage guaranteed? NO. Your premiums and benefits are not guaranteed. The lender can change or cancel the policy at any time.
I look after my health, and I don’t smoke. Will that make a difference in the amount I pay for coverage? NO. Since mortgage insurance is usually provided through a group plan, you pay the same rate for your coverage as everyone else.

If I purchase Term Insurance:

I pay the premiums, so I would own the policy. Right? YES. You own the policy and you name your beneficiaries.

Is the coverage flexible? YES. You choose from 3 coverage options and the amount of coverage you want, regardless of your mortgage balance. You can increase or decrease your coverage, renew your coverage and convert to permanent protection. If you renegotiate or pay off your mortgage or sell your home, you can continue your coverage.

Circumstances change. If it’s better for my beneficiaries to use the proceeds from the policy for something other than paying off the mortgage, will they have that option? YES. Upon death, the benefit goes directly to your beneficiaries. They decide how to best use the money.

Is the coverage guaranteed? YES. Your premiums and benefits are guaranteed for the life of the policy. Only you can cancel or make changes to your policy.

I look after my health, and I don’t smoke. Will that make a difference in the amount I pay for coverage? YES. The amount you pay for your coverage is based on your age, health and smoking status.

See your Chartered Life Underwriter to help you decide which Insurance works best for you when you are considering Insurance to cover a Mortgage.

Travel Health Insurance

It's always a good idea to buy insurance that covers trip cancellation and interruption, but even more important is emergency hospital and medical insurance, which protects you against the astronomical medical bills that can be racked up should you require treatment in another country. Bills for medical professionals' fees, hospitalization, drugs, X-rays, diagnostic tests, dental treatment, and ambulances can add up quickly.

Some Canadians are under the impression their provincial health plan has them covered while on vacation. This is only partially true - provincial plans provide plans provide only a small fraction of costs of treating illness and accidents outside Canada. Depending which province you live in, your government health plan coverage is capped at rates between $75 Cdn. and $400 Cdn. a day. But in the United States, a typical hospital will charge $1,800 - $2,000 a day, and as much as $10,000 per day for intensive care and complex cases. Without travel insurance, a serious illness or injury can not only ruin your vacation, but it can leave a huge financial scar.

A crop of grains with storm clouds above it.

Crop Hail Insurance

Love & Persson Group are experts in Crop Hail Insurance and we will assist you in planning against Mother Nature's peril. With a number of insurance companies available to suit your crop hail insurance needs, these options will provide the security of crop hail protections at reasonable and affordable rates.

Crop Hail Insurance can be purchased as soon as your crop is out of the ground. In fact, there is no price savings in the hail rates as your growing season progresses so why carry this risk yourself?

Crop Hail Questions & Answers:

Q. When does my Hail Insurance take effect?
Hail Insurance becomes effective noon the day following the date of application. If received by the insurance company before midnight.

Q. When does my Hail Insurance policy expire?
Your policy will expire at 12 noon standard time on October 15th or when the crop has been harvested whichever comes first.

Q. Can I insure my crop for more than it's worth?
Insurance limits purchased should be adequate to replace only the income lost due to hail.

Q. Is there anything I should do when I receive my hail policy?

When your policy arrives you should review it thoroughly to insure that:
You understand & are familiar with the terms and conditions of the policy
The description of the crops insured, legal location and number of acres insured are correct. If there is a mistake, it is much easier to correct at this time than after a loss.