Products and Services, MGP Insurance Centre Ltd., Regina

MGP offers an extensive line of products and services to protect and assist you in creating a personalized plan to suit your needs.

We invite you to review our list of products and services, if you wish to obtain more information about any of them simply click on the name.

In the province of Saskatchewan each licensed driver and vehicle is insured by the Auto Fund. For private passenger vehicles Sask Auto Fund provides the following coverage:

$700 deductible for vehicle damage
$200,000 liability protection
Personal Injury Coverage

An Auto Extension Policy gives you the option to lower the deductibles for vehicle damage as low as $50 and to increase your liability limit as high as $5,000,000. On an Extension Policy you also have the ability to tailor your coverage to meet your specific needs by purchasing coverage for:

At MGP Insurance Centre Ltd. we offer placing your auto policy with SGI Canada or Saskatchewan Mutual Insurance Company.

At your convenience please refer to the following links which will give you a more in depth coverage review:

Please contact us at MGP Insurance Centre Ltd., and we will be more than happy to assist you with any of your auto insurance needs. Back to Top

Homeowners
Homeowners insurance policies are for the owner-occupant of a home to cover the dwelling building, personal possessions, other than an auto and certain specifically excluded items, and personal liability.

Homeowners policies come in several types. These policies can be written as Basic, Broad Form, or Comprehensive. Basic form covers the least, Comprehensive form covers the most. Many companies issue all three types.

Homeowners insurance has three basic parts: dwelling, contents, and liability. The dwelling part is pretty straightforward. If the home is fairly new, determining its value should be relatively easy. When you are establishing value bear in mind not to include the cost of the land. We will do a Replacement Cost Estimator to allow a “guaranteed replacement" to be put on your building value.

The replacement cost option obligates the insurance company to pay for the cost of replacing (not improving nor enlarging) your home even if, due to current costs, the cost to replace exceeds the limit stated on the policy. The replacement cost option protects you against unanticipated spikes in the cost of building materials or labor.

Condo
THE CONDO UNIT OWNER'S POLICY COVERS:
Your personal belongings such as furniture, appliances, clothing, televisions, etc. Personal Liability Coverage - This protects you if you are found legally responsible for bodily injury to someone else or for damage to their property. Improvements & Betterments that have been made to your unit such as upgrading the carpeting, or developing the basement. Contingent Coverage - This coverage protects your unit in the event that the condo corporation has not purchased adequate insurance or its insurance is inadequate. Loss Assessment Coverage - This coverage protects you against any assessment for loss made by the condo corporation in the event that there is extensive damage to a common area of the building or grounds, and your condo corporation is under-insured. This coverage also protects you in the event your condo corporation is under-insured for a liability claim.

OTHER IMPORTANT FEATURES & INFORMATION:
The building is usually insured by the Condo Corporation/Building Owner. Deductible Assessment Buyout Coverage - We recommend that you consider adding this optional coverage. In the event of a claim in your unit (such as a fire in the kitchen), your condo unit owner's policy would pay out the deductible on the building policy through the condo association so you would only have to pay the deductible on your condo policy, rather than paying the deductible on both policies. Unit Owner’s Glass Coverage - This optional coverage can be added if you require coverage for the glass in your unit. Unit Improvements & Betterments - Automatically included at 250% of your belongings amount. Example: belongings coverage $50,000, then a limit of $125,000 is included for improvements & betterments.

When you rent a home or apartment, you may wish to purchase tenant insurance to protect your personal belongings. A tenant pak also provides personal liability which protects you if you are found responsible for bodily injury to another or for damage to someone else’s property.

You decide what amount of protection for your belongings is right for you, this way you can be sure you have enough protection to replace all of your belongings in the event of a loss. A tenant policy protects your belongings for replacement cost at today’s prices. Coverage can be provided on a “Named Perils” or “Comprehensive” basis.

We provide tenant insurance with SGI Canada and Sask Mutual Insurance.
Discounts available include:

An Agro Pak is required to protect you if you have an exposure to Agricultural Operations.

There is no provision to protect these types of assets under a conventional home insurance policy. Therefore our insurers offer Agricultural policies to protect properly of this type.

Protect your physical assets such as buildings, stock and equipment.
Protect yourself from legal liability from your business operations and to provide you with legal assistance and defense in the event of a lawsuit.
Replace your income during the rebuilding process after a loss (commonly referred to as "Business Interruption Insurance").

Property
Liability
- Commercial General
- Errors & Omissions
- Directors & Officers
Bonding
- Contractor’s
- License Bonds
Automobile
Cargo

It is our job to help you assess your business insurance needs and to advise you on determining the right type of coverage for your business. We represent a number of insurance companies and will search for the best product at the best price for you.

When traveling outside of Canada, your emergency medical expenses can quickly add up. Even when you are outside of your own province for a short time, your health card may cover only a percentage of your incurred costs.

The reality is that unexpected medical emergencies can and do arise, which makes it important to think ahead.

At MGP, we offer a variety of options, whether you are going on a business trip for the weekend, or plan to spend the winter in Arizona.

Give us a call for a quote before your next trip. Let us tailor a policy to suit your needs and budget. Back to Top

To obtain Photo I.D. you must have a minimum of 2 pieces of I.D. that verify your legal name, full date of birth & signature.

Links:

Saskatchewan Driver’s Handbook Online - from here you can access the professional handbook & the motorcycle handbook.

Safe Driver Recognition - Safe Driver Recognition is a program designed to reward safe drivers with a discount on their vehicle insurance.

Vehicle Insurance Rate Calculator - The Vehicle Insurance Rate Calculator helps you determine the cost of registering & insuring a vehicle in Sask. You can enter what day you want your registration to start, what vehicle & your safety rating. Back to Top

Life Insurance

No matter your insurance needs – family protection, business continuity, estate preservation, investment solutions, we offer the most comprehensive and innovative range of products, supported by the most effective, value-added services on the market today! Back to Top

Disability and Critical Illness are now commonly referred to as Living Benefits. Living Benefits insurance is a unique kind of insurance. It pays the benefit to you while you’re alive. This is different from life insurance – it pays the benefit to your beneficiary after your death.

Although a few people are equipped to undertake the responsibility of financial planning, most will require the services of a professional planner. By establishing a personal Financial Plan today, you will be able to provide financial security for tomorrow.

For successful planning, the central focus must be identifying clients actual financial needs and problems. This is why counseling with clients to gather thorough and accurate information is crucial to successful financial planning. As Independent Financial Planners, we study all types of investment & insurance products to assess their suitability for each of our clients – people from all walks of life, with very different circumstances.

Financial Planning can have a singular purpose, such as identifying investment, or retirement objectives, or in fact may be multifaceted, incorporating the use of insurance, tax planning, short- term savings, and retirement objectives.

Our planners are not fee based planners, but rather their remuneration is paid solely on a commission basis, based on the products they provide. We believe this to be a beneficial approach for the client and planner alike, as we are not tied directly to any one company. By creating and maintaining your financial plan, we will build a long-term relationship with you, our client, that will be rewarding for both parties.

Representatives of MGP Financial Centre Ltd. are registered through Portfolio Strategies Corp., Mutual Fund Dealer.

Advocis - Financial Advisors Association of Canada website that contains a wealth of consumer information
Globe Fund - Useful web site for tracking mutual fund performance
Portfolio Strategies - Rick Putz’s mutual fund dealer website

Our Products.