How we find you the best Home insurance quote in Ontario.
Surex is Ontarioâs online home insurance marketplace. Having partnered with the best home insurance providers in Canadaâs most populous province is how Surex is able to get multiple, cheap home insurance quotes for Ontarians, in a matter of minutes.
We know shopping for home insurance is pretty far down on your list of priorities. It can be a tedious task. Because of this, Surex has taken out the need for you to spend hours shopping the insurance market. Weâll get you multiple offers, at whatever time you choose. Whether youâre on WiFi or data, all you need is your smartphone, laptop, tablet or desktop to see how much money we can save you on your annual home insurance premiums.
Once youâve started or completed a quote, youâll be assigned a Surex Advisor to help find you home insurance discounts and answer any home insurance questions you have. Once youâve decided on the insurance carrier and policy of your choice, youâll be able to sign for your home insurance documents online, through e-signature, and have instant access to active proof of insurance.
Take 5 minutes and see for yourself!
Home Insurance In Ontario - What Do You Need to Know?
You will need the following information to ensure quote accuracy:
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Square footage of your home
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Year your home was built
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Details on any upgrades or modifications
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Your exact address
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Your personal home insurance claims history
In Ontario, home insurance prices are determined by a few key factors:
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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 youâre fortunate enough to live in an area where there hasnât 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.
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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 theyâll never need to replace your home due to a claim.
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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 donât have 10 years of home insurance history, youâll need to disclose however many years you have.
We know a large factor in a person moving their home insurance policy from one company to another is price. Working with multiple Ontario home insurance providers allows us to give Ontarians a marketplace of options to choose from. It also allows us to be able to present clients an array of, potential, home insurance discounts they can be eligible for.
If youâre looking for ways to lower your annual home insurance premiums, we have these discounts available through our insurance company partners in Ontario:
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Good credit discount
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Bundle discount
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Mortgage-free discount
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Gated community discount
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Alarm/home security discount
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Renewal discount
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Claims-free discount
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Age discount
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Sewer back-up discount
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New business discount
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Flex discount
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Loyalty discount
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Smoke-free home discount
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Household discount
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Multi-lines discount
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Occupational discount
If you think you qualify for any of the above, your Surex Personal Assistant will be happy to look into it and see how much we can save you on your home insurance rates.
Some home insurance coverages are mandated by insurers, depending on where you live and the amount of home insurance claims that have happened recently in that area. Overland flood coverage, in an area close to water or an area susceptible to flood would, likely, be required by a home insurer.
If youâd like to add additional coverages to your home insurance policy, that arenât required, speak with your Surex Personal Assistant. Theyâll be able to advise you on home insurance policy options, as well as how itâd impact your annual home insurance premium amount. Â
- Pink's Burgers, Hamilton
- Golden Star, Toronto
- The Stockyards Smokehouse & Larder, Toronto
- Square One Shopping Centre, Mississauga
- CF Toronto Eaton Centre, Toronto
- Yorkville Village, Toronto
- St George's Golf & Country Club
- Hamilton Golf & Country Club
- National Golf Club of Canada
Have questions? Weâve got answers
Home insurance is not, technically, mandatory in Ontario. If you own your home outright -- you have no mortgage or home loan associated with it -- then you can choose to not purchase home insurance. That said, if you were to choose that route, thatâs a horrible idea! Say your home were to, unfortunately, burn down because you left the stove on. Without an active home insurance policy, youâd be solely responsible for replacing your home, if you chose to do so, as well as held liable for any damages caused to other people and/or structures.
If youâre actively paying off a home mortgage or home loan, then thereâs a 99% chance it is a legal requirement to have an active home insurance policy on your home, as outlined in your agreed upon contract.
If you have already paid off your homeâs mortgage, or if you didnât need one in the first place, then itâs not a requirement, by law, to have a home insurance policy. Know that if you donât have a home insurance policy, youâre 100% liable for any damage caused associated with you home and/or property. This would include if someone fell in your backyard and broke their leg, if your home burned down and did damage to a neighbourâs residence, etc.
What is covered in a home insurance policy varies, depending on the coverage types and options you choose. The two basic types of home insurance coverages are broad home insurance and comprehensive home insurance. Speak with your Surex Personal Assistant about what coverages and options will suit you the best for your home insurance needs.
Surex has partnered with Ontarioâs top home insurance providers, including:
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Aviva
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Economical
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Gore Mutual
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Intact
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Pembridge
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RSA
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SGI
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Travelers
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Wawanesa
There isnât a flat fee cost to insure your home in Ontario. Even stats relating to the average home insurance rate in Ontario can be misleading, as multiple factors contribute to your specific home insurance rate. A more expensive home will cost more to get home insurance coverage for than a cheaper home. A home in an area not susceptible to home insurance claims will be cheaper to insure than a home in an area that has experienced frequent claims. A homeowners that has filed multiple home insurance claims within the past 10 years will have higher home insurance rates than a homeowner who hasnât had to file a home insurance claim in the past decade. All of these contribute to your home insurance rate, which is why itâs hard to state how much home insurance in Ontario is.
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