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Types of coverage we provide
Protects you if you cause injury or property damage to others in an accident. Helps cover medical costs, legal fees, and/or repairs.
These are optional coverages you can buy that protect you for water damage such as sewer back up and fresh water flooding.
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.
When you purchase broad home coverage, it limits your contents coverage to only specific coverages, (ie. theft, fire, water damage, etc.)
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Our Reviews
Ashley Bushfield is a pleasure to work with. She is committed to keeping her word. You can rely on her to get the work done on time and all details covered.
Jason Storey is my broker and he is one of the best I’ve ever had (and I used to be one HA for 9 years). He set up a new policy for me in April. He was quick, effective, and got me the information I needed! He set up the policy within days.
I’ve had an accident and he’s been so helpful and understanding and supportive.
Had to transfer insurance from one vehicle to another and it was quick and easy. A few emails back and forth and done in no time.
My insurance advisor is always there when I need them.
Jessica always has the right advice and really listens to my needs.
Always a positive and supportive experience.
Communication was always there, just an awesome overall experience really. I would highly recommend this company to al my friends.......and have by the way. Cheers
PEI home insurance rates vs. other provinces
Province |
Average Rates |
|---|---|
Prince Edward Island |
$1,145 |
Alberta |
$2,304 |
Ontario |
$1,797 |
Nova Scotia |
$2,788 |
New Brunswick |
$2,402 |
Newfoundland & Labrador |
$2,513 |
Manitoba |
$1,335 |
British Columbia |
$2,389 |
Yukon |
$1830 |
Nunavut |
$3,516 |
Saskatchewan |
$1,873 |
Northwest Territories |
$3,367 |
See how our customers save big on home insurance
Customer |
City |
Type |
Average Rate |
Lowest Rate |
Savings |
|---|
Home Insurance in PEI - What You Need to Know
Home insurance isn't required by law in PEI, but it is always recommended that homeowners get coverage. A good home insurance policy means that in the event of damage or loss you won't have to worry about unexpected expenses. Homeowners do however need home insurance to secure a mortgage, a bank will not lend you money without insurance. Home insurance PEI is extremely important to keep you, your belongings and your property protected.
There are many different types of home insurance policies in PEI that an insurance advisor can help you select which one suits your needs best. They range from full coverage to more economical packages — there is one to meet the specific needs of all PEI homeowners!
Here are the different categories:
Comprehensive or All Perils: This is the most thorough of coverages (and most expensive) that you can get for a building and its contents. It obviously doesn't include optional coverage or predicted events. Most insurance policies include personal liability coverage.
Basic or Named Perils: This is a more economical coverage option that only covers what is specified in the policy.
Broad: This is seen as the middle ground coverage between comprehensive and basic. It only covers the building and names contents or perils.
No Frills: This is an option for homes that don't meet the usual standards for most insurance companies. It is usually for a property that requires a lot of upgrades/repairs or has major physical problems.
And, of course, if you feel you need more coverage, you can always inquire about add-ons or endorsements. These are extra coverages you can add to your existing policy. They usually cover damage caused by perils that are not included in a standard policy.
For example, if you are in an area with certain risks such as earthquakes, floods or sewer backups, you may want to consider them. Residents who live in low-lying areas may want to get extra coverage for water damage, the cost is more on your premium, and all depends on your location and quality of your home's structure. The extra coverage will cost more but could save you thousands down the road in damages and repairs.
Here are some things that are taken into consideration when calculating your home insurance premium in PEI:
- The square footage of your home
- Contents and quality of construction of your home
- The location of your home
- Distance to a fire hydrant
- Your claims history
- The age of your roof
- Plumbing
- Your home’s electrical system
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