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Nunavut Home Insurance

We want you to be able to get the cheapest home insurance rate for the coverage you want and need. We want you to have peace of mind that there isn’t a better home insurance rate out there, which is why we’ve partnered with Nunavut’s best home insurance carriers.

We find you the best Home insurance quotes in Nunavut!

Congratulations on finding Nunavut’s online home insurance marketplace. Having partnered with NWT’s top home insurance providers, including Aviva, Intact and RSA, Surex is your one-stop home insurance marketplace to find cheap rates on home insurance.

At Surex, we don’t believe in cookie-cutter home insurance policies. We want you to have the home insurance coverage you want and need, at the lowest price available to you. We know shopping for home insurance isn’t a favourite hobby of yours, which is why we’ve created an online home insurance marketplace, so you can shop for your best home insurance price, at any time that conveniences you.

We know your time is valuable. If you have WiFi or data, you can get multiple 100% accurate home insurance quotes -- in a matter of minutes -- from your desktop, smartphone, laptop or tablet.

Take 5 minutes and see for yourself!

Comparing rates from Canada’s leading Home insurance providers
Types of Coverage We Provide
Home Insurance
This provides coverage for loss and damage to your property and/or any assets.
Liability Coverage
This would provide protection against claims resulting from injuries, and damage to people and/or property.
Deductible
A predetermined amount of money that you must pay towards the cost of the claim. Home insurance has different deductibles for different coverage.
Sewer Backup, Overland/Ground Water
These are optional coverages you can buy that protect you for water damage such as sewer back up and fresh water flooding.
Claims Forgiveness
This allows for the protection of your “claims free discount” in the event of your first claim.
Scheduled Items
Referring to 'special limits' on items like jewellery or art if the value is greater than the special limit you should list the item separately.
Comprehensive Insurance Coverage
When you purchase comprehensive home coverage, it means you are covered for anything that is not excluded.
Broad Coverage
When you purchase broad home coverage, it limits your contents coverage to only specific coverages, (ie. theft, fire, water damage, etc.)
Best hotels in Nunavut
  1. The Discovery
  2. Sauniq Hotel
  3. Turaarvik Inns North
Animals Native to Nunavut
  1. Polar Bear
  2. Caribou
  3. Narwhal
Common plants in Nunavut
  1. Purple Saxifrage
  2. Arctic cotton
  3. Wintergreen
Home Insurance in Nunavut- What Do You Need to Know?

You will need the following information to ensure quote accuracy:

  • Square footage of your home

  • Year your home was built

  • Details on any upgrades or modifications

  • Your exact address

  • Your personal home insurance claims history

In Nunavut, a few factors are instrumental in determining home insurance rates:

  • Insurance data - The home insurance carriers in your area, both city and province, will have compiled data over the years relating to the amount of home insurance claims in your area. If you’re fortunate enough to live in an area where there hasn’t been many claims, then your home insurance rates will be lower, all things equal, compared to someone that lives in an area where there have been frequent home insurance claims.

  • The value of your home - This is important as the company insuring your home will need to know the potential replacement cost of your home. Of course, they and you both hope they’ll never need to replace your home due to a claim.

  • Your home insurance history - Home insurers are interested in your personal, prior home insurance claims history. If applicable, be prepared to share your most recent 10 years of home insurance history. If you don’t have 10 years of home insurance history, you’ll need to disclose however many years you have.

Your Surex Personal Assistant knows the #1 reason a person will switch their home insurance policy from one insurance carrier to another is price -- lowest home insurance price wins. This is why we get as many discounts as we can through our home insurance partners. Discounts for home insurance can include the following:

  • Good credit discount

  • Mortgage-free discount

  • Renewal discount

  • Occupational discount

  • Alarm/home security discount

  • Bundle discount

  • Claims-free discount

  • Sewer back-up discount

  • New business discount

  • Flex discount

  • Loyalty discount

  • Age discount

  • Smoke-free home discount

  • Household discount

  • Multi-lines discount

  • Gated community discount

Depending on the area of Nunavut where you live, some home insurance coverages might be mandatory. If a home insurance coverage isn’t mandatory, you can choose to add it to your home insurance policy.

We want you to have the exact home insurance coverages and policy you desire. Speak with your Surex Personal Assistant about the coverage you want. They’ll be able to let you know how much it is to add/remove coverage on your home insurance policy.

  • Personal home insurance history - The home insurer you choose to place your home insurance business with will need to know your past home insurance claims history. If applicable, they’ll need to know your most recent 10 years of home insurance claims history.

  • Bill payment history - The home insurer you choose to place your business with will need to know your history of paying your home insurance bills. If you have a good track record, you’ll be able to choose whether you pay your annual home insurance premiums monthly or annually.

  • Claims - This relates to the amount of home insurance claims insurers have had, or haven’t had, in your area. If you live in an area with minimal claims, then your home insurance will be less -- all things equal -- compared to a home in an area that has frequent home insurance claims.

  • Coverage - Depending on where you live in Nunavut, some home insurance coverages will be mandatory by the home insurer you’re looking to place your business with.

  • Options - If a home insurance coverage isn’t mandatory, then you can choose whether to add it to your home insurance policy or not. Again, we want you to have the exact home insurance policy to match your needs. This is why we don’t do cookie-cutter home insurance policies.

  • Deductible amount - The most common home insurance deductible amount in Nunavut is $3000. This is the amount you, the insured, would need to pay -- out of your own pocket -- to activate your home insurance policy, in the event of a home insurance claim.

  • Upgrades - If you live in an older home in Nunavut and do certain upgrades, you can be eligible to lower your annual home insurance premium amount by up to 10%. These upgrades would include upgrading outdated electrical, upgrading your home’s plumbing and/or installing a sump pump or backflow valve.

  • Security system - If you’re considering securing your home with a certified home automation system, this is a great way to protect your family as well as become eligible for a home security discount. A home security discount can save you up to 10% off your annual home insurance premium amount.

As NU’s home insurance marketplace, we work with Nunavut’s top home insurers, including Aviva, Intact & RSA, so you can choose the perfect home insurance policy for you.

You can customize your coverage:

At Surex, our goal is to get you the exact coverages you want & need. We aren’t here to hand out generic home insurance policies. A tailored policy, just for you, is what we’re about. Your Personal Assistant will be able to help you get exactly what you’re looking for.

In NWT, there are two types of home insurance coverages to you to choose from; broad home insurance & comprehensive home insurance.

Broad home insurance:

Broad home insurance is the cheapest home insurance option available to you. Barring a peril being mandatory in your area of Nunavut, you’ll be able to choose what perils you want to add to your home insurance policy. Perils include:

  • Windstorm

  • Hail

  • Explosion

  • Smoke

  • Fire

  • Vandalism

  • Lightning

Comprehensive home insurance:

Comprehensive home insurance is the most extensive/expensive home insurance option available in Nunavut. Comprehensive home insurance includes the previously mentioned perils in a broad home insurance policy, with the option to include coverage for unintentional damages and the mysterious disappearance of property and content.

Compare Real Quotes

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Talk to Real People

Insurance Broker
Karen
Licensed Insurance Advisor
Have questions? We’ve got answers

Homeowners insurance protects you and your home in the event of a home insurance claim. If you didn’t have homeowners insurance, then you would be held 100% responsible for any damages or loss.

If you’re actively paying off your home’s mortgage or loan, there is an extremely high chance that homeowners insurance is required, as per your mortgage contract.

The amount you pay for homeowners insurance is dictated by a few things, including:

  • The amount of home insurance coverage you choose to have

  • The, potential, replacement cost of your home

  • Home insurance data, specific to your area (city and province)

  • Your personal home insurance claims history (if you’ve had multiple prior home insurance claims, expect to pay more compared to someone that has a clean home insurance claims history)

If you have a history of paying your insurance bills on time, then you’ll be able to choose whether you pay your annual home insurance premiums monthly or annually. If you’ve had your home insurance cancelled in the past, due to non-payments, then there’s a good chance the home insurer you choose to place your business with will require you to pay for your annual home insurance premiums upfront for the year.

You’re at the exact right spot to get your home insurance! As soon as you start a quote on our online home insurance marketplace, you’ll be assigned a SK Surex Personal Assistant to help you complete and set up your home insurance policy.

If you choose to add more home insurance coverage than what is required in your area, your home insurer will not stop you from doing that, fi you choose. Rather than deny home insurance coverage, some insurers may make certain coverages mandatory. For instance, if you live in an area with high winds, insurers may mandate having windstorm coverage, as they’ve experienced a lot of windstorm claims in your area.

Home insurance coverage is not included in the closing costs of a new home. If you’re closing a deal on a new home and know the possession date, you’ll want to get a home insurance policy effective for the first day you take possession of your new home. You can do this in advance of actually moving into your new home.

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