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Personal Insurance Products

 
Home
 
Whether you own a home, condominium or rent, personal property and contents insurance is something you need. We all go about our days and take for granted at times the roof over our head, the bed we sleep in, the stove we cook on and the televisions we watch. Lundgren & Young is here to help you discover what kind of property insurance you need and why. We represent multiple insurance companies that offer comprehensive packages, outstanding claims services and very competitive discounted prices. With us you also have the added comfort of us as your broker. We are here to answer any questions you may have and make the whole process of setting up a policy and renewing it year after year just a little bit easier with that personal touch and friendly face.

Types of Home Products Offered:

  • Homeowners
  • Condominum
  • Tenants Packages
  • Home Based Businesses
  • Seasonal / Secondary Residence
  • Rental Properties
  • Boatowners
  • Recreational
  • Snowbird Program
  • Group

Discounts Available:

Multiple discounts are available from all the companies we represent including:
  • New Home
  • Claims Free
  • Deductible Incentives
  • Multiple Policy
  • Security / Alarm
  • Occupational
  • Non Smoker
  • Credit
  • Age Credits
  • Mortgage Free

The most valuable discount we offer on your Homeowner Insurance is us! - By purchasing your Home/Condo/Tenant insurance through an independent insurance broker it is our responsibility to shop your policy with a wide range of insurance companies in order to find you the best available coverage for the best price available! And we don't just offer this when you first come to Lundgren & Young; if there is ever a rate increase or a change in coverage you are not happy with, it is our job to find you an insurance company that continues to meet your needs.
 
 
 
Auto
 
Automobile insurance is probably the most talked about and easily discussed insurance there is and yet there are still so many misconceptions. How much liability do you really need? Do you want or have glass coverage? Is it worth it for you to have collision on your vehicle?

At Lundgren & Young we have an experienced staff of brokers who want to help you discover what is important to ensure your families protection and peace of mind. Just like every other insurance product we have multiple markets and will be able to find a company at the right price with the right coverage suited specifically for you. Keep in mind in October 2004 Alberta experienced many changes in the pricing structure of auto insurance with government reform. If you have any questions regarding this please contact our office.

Types of Auto Insurance products offered:

  • Pleasure
  • Commercial
  • Business
  • Motorcycle
  • Recreational
  • Antique / Classic
  • Group

Auto Discounts available:

Multiple discounts are available from all the companies we represent including:
  • Multiple vehicles
  • Professional / Occupational
  • Short Commute
  • Pleasure Only
  • Claims Free
  • Claims and Conviction Savers
  • Age Credits
  • Deductible Incentives
  • Experienced Driver

The most valuable discount we offer on your auto insurance is us! By purchasing your auto insurance through an independent insurance broker it is our responsibility to shop your auto policy with a wide range of insurance companies in order to find you the best available coverage for the best price available! And we don't just offer this when you first come to Lundgren & Young; if there is ever a rate increase or a change in coverage you are not happy with it is our job to find you an insurance company that continues to meet your needs.

Other Automobile Products

We offer comprehensive coverage for your car and recreational vehicles with optional coverage available for physical damage, increased liability, and accident benefits. As a broker we have multiple options for your automobile insurance whether at work or at play and the knowledge to explain it all.

What Types of Products Are Available?

Private Passenger Auto
Your personal-use vehicle, which may be used for pleasure, commuting, personal business, etc.

Classic
A vehicle that is between 15 & 30 years old and in good condition. It has collector value and is not used for commuting.

Antique
A vehicle that is more than 25 years old and used strictly for show purposes. It should be plated with an historical vehicle license plate.

Motor Homes
A vehicle designed for recreational accommodation, and is not a principle residence.

Recreational
Off-road, 4-wheel All-Terrain Vehicles, snowmobiles, and personal-use utility or camper trailers.
 
 
 
Motorcycle
 
We are bikers ourselves. We know the industry, we know the people, we ride the bikes! We take enjoyment being apart of the Motorcycle community and trying to make it better.

Bikerpak is an online insurance quoting and policy issuing system. It was built by us to provide a quicker and more efficient way to sell and manage your insurance policy on your bike(s). With time in mind, we are able to service your policy better to leave that extra time for riding.

Your bike is important to you, my bike is important to me. We provide insurance coverage that we stand behind to ensure at the claim stage you are not breathing your own exhaust but rather smiling in the wind and riding again as fast as possible.

If at any time you wish to contact us please do so.

We built this system only to provide access to those that want to use it. If you do not want to use it – a Professional Insurance Broker is waiting for your call. We can process a quote for you in generally 5 minutes or less from start to finish

If you have any questions, concerns or feedback regarding our motorcycle insurance product please do not hesitate to advise us of such. We need feedback like everyone else to be better! Thank You – and have a Fantastic riding season!
 
 
 
Recreational Vehicles
 
Whether it's a snowmobile or ATV, Alberta has excellent terrains for your recreational enjoyment with thriving groups and organizations you can join. If you're just starting out, the Alberta Off-Highway Vehicle Association has a great website that lists safety regulations and trails. Transportation Alberta is also an excellent resource for rules and regulations with regards to traffic safety. We've provided some useful resource links below for your convenience:

Safe Roads Resources

Alberta Transportation - Small Vehicle Booklet

Start riding today! If you plan to ride on any Alberta public lands or highway, where permitted, then you need insurance (Alberta Traffic Safety Act, Section 119).
 
 
 
Life
 
At Lundgren & Young Insurance Ltd. we understand that life insurance can be a very delicate and confusing subject. Yet it's no secret that if the primary income earners in your family were to die prematurely, the surviving family members might face financial difficulty. Without the primary earner's income, how will they deal with ongoing living expenses, debts, or tuition costs? Combined with investments, retirement and estate planning, life insurance is a fundamental part of a sound financial plan. With the help of an insurance professional you can develop a complete plan that will fully protect you and your family.

Despite the importance of this type of coverage, we have found that many of our clients were not given the opportunity to thoroughly evaluate their life insurance needs by the companies they had previously dealt with.

As a result, they were over-insured, underinsured, or had the wrong kind of insurance. To assist us in properly meeting your life insurance needs, we have developed a unique assessment tool that generates a 'snapshot' of your insurance and financial needs and compares them against plans you currently have in place.

Two key factors we consider when we do this analysis are the amount and type of life insurance your family needs. The appropriate amount is obviously an individual matter. Below are links to brief descriptions of the main types of life insurance we carry; this information will help you make the right choice when you meet with one of our customer service representatives.

Note that the products we offer may be used as mortgage insurance or for estate planning, including funding of capital gains tax liabilities.

Term

This is the least expensive form of life insurance available. It protects your family against income loss for a fixed period of 1, 5, 10, 15, or 20 years. You can also purchase a term life insurance plan that covers you to a certain age, such as 65, 75, or 80. Your premiums will stay level throughout the term during which you are covered, but will increase if the policy is renewed. When the term ends, you may or may not need to provide medical evidence in order to renew. Death benefits are paid only if you die during the term covered by the policy.

Universal

Universal life insurance policies are considered an excellent choice for families seeking to avoid large sums in taxes should a primary income earner die prematurely. These policies provide lifetime rather than term coverage; a portion of the premium is assigned to an investment fund partially sheltered from taxes. Unlike the case with a whole life insurance policy, the nature of the investments is controlled by the policy holder and not the insurance company.

Whole

This type of insurance also lasts for life. Some whole life policies require premium payments for only 15 or 20 years. A portion of the premium is assigned to an investment account, from which dividends are regularly paid; the amount depends on the investment success of the insurance carrier. One disadvantage of these policies is that premiums are significantly higher than for term life insurance. On the other hand, premiums do not rise and death benefits are paid out tax-free. Another advantage of whole life policies that require lifelong premium payment is that after 15 or 20 years, the monies in the investment account can pay for the cost of the insurance.