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Ontario drivers: Some insurance coverages become optional July 1. Learn what’s changing.

Compare and purchase the best condo insurance rates in Yellowknife.

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Types of coverage we provide

Liability Coverage
Liability Coverage

Protects you if you cause injury or property damage to others in an accident. Helps cover medical costs, legal fees, and/or repairs.

Deductible
Deductible

A predetermined amount of money that you must pay towards the cost of the claim. Home insurance has different deductibles for different coverage.

Claims Forgiveness
Claims Forgiveness

This allows for the protection of your “claims-free discount” in the event of your first claim.

Scheduled Items
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
Comprehensive Insurance Coverage

When you purchase comprehensive home coverage, it means you are covered for anything that is not excluded.

Replacement Cost
Replacement Cost

Actual cash value policies are based on the items' depreciated value while replacement cost coverage does not account for depreciation

Recent condo insurance quotes in Yellowknife

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Our Reviews

Ricky
5
Quick Response Time & Helpful

Devin was very quick to respond to all my numerous questions and making modifications to our application where necessary. He helped us find exactly what we were looking for!

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Michael U
5
Highly recommend Miguel

Highly recommend Miguel. He was able to get me into the right product at a lesser price than I expected. Got everything done in a day would’ve been quicker if Autoplus did not crash. Five stars!!!!

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Natalia C
5
Great experience with Prat from Surex

Great experience with Prat from Surex . He managed to get things done in a day while everyone else said it will take at least 2 weeks. He understood complicated file quickly and managed to help me out with it . I got Auto insurance at the best rate! I was with TD insurance previously and paid wzy more for exsact tje same policy. I paid it upfront and once time came to an end they did not call or email or any notification about it and just canceled!!! Then told me it will take 2 weeks to get the new one . And I work as a Realtor so to have my car available to drive its absolutely necessary. Very disappointing TD .. I am happy I find Prat he definitely fixed a huge issue.

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Jairo Acuna
5
Manjinder Singh was incredibly helpful

Manjinder Singh was incredibly helpful. He got me set up with my new auto insurance as soon as it was possible with no issues. He was curteous, knowledgeable and professional. Definitely an asset to your team. Great experience all around.

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Jane O
5
Wonderful Experience!

I’ve had a pleasant experience with Dayana.
She’s everything I want in a service provider. Respectful of time, quick responses, provides clarity on time when required, follows up as promised. She has made this process easier!

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Save on Condo Insurance in Yellowknife When You Shop with Surex

Yellowknife, the capital of Canada’s Northwest Territories, is located on the northern shore of the vast Great Slave Lake and offers stunning views of the northern lights in the fall and winter. Despite its remote location, Yellowknife combines a small-town atmosphere with modern conveniences. It’s a hub for job opportunities and unique experiences, where you can witness the midnight sun in summer, marvel at the Northern Lights, and even enjoy a quick lunchtime ski in the winter. Originally built as a gold mining town, Yellowknife now thrives on diamond mining, surrounded by a rugged landscape of rock, tundra, and water.

Have you been thinking about buying a condo in Yellowknife Then you should take a minute to learn about the benefits of condo insurance. Condo insurance is the best way to financially protect your unit and belongings from unexpected events. If you're looking for the best condo insurance Yellowknife has to offer, you should start your search with Surex.

Condo Insurance in Halifax — What You Need to Know

Regardless of the condo association coverage you have, you will need condo insurance to cover the personal contents in your unit. This can relate to property such as furniture, home entertainment systems, and clothing.

Condo insurance protects you from liability. If someone gets injured while at your place, your liability coverage will help you with settlement costs. Be sure to choose a liability limit capable of protecting all your assets. This will help ensure your online quote's accuracy.

Again, depending on your condo association's policy, you can be covered for any upgrades and improvements you've made to your unit.

You can also get a condo insurance quote in Yellowknife to further secure your condo unit, in case your association's coverage doesn't protect you fully against loss or damage.

Yes, while condo insurance isn’t mandatory, if you have a mortgage your lender will require it.

Now, a few tips -  your condo association will have a master insurance policy, but it may only cover the basics. Some associations will buy a more a policy that also includes more basic items within each unit, such as appliances, carpets, cabinets, or interior walls.

Always best to find out the scoop, and then chat with your Surex Advisor to figure out what's right for you! 

If you own a condo unit in Yellowknife and are planning on renting it out, you should chat with your Surex insurance advisor about purchasing a landlord insurance policy.

Landlord insurance differs from condo insurance as it protects the property owner from various unique landlord-related risks, like lost rental income.

Rental income coverage: This coverage ensures that if there is a loss related reason that their tenants cannot stay living in the condo, like fire or water damage, then Rental Income coverage will pay the condo-owner their rent money until the tenant can move back in.

Damages coverage: If your tenant causes damages to your condo, the policy will extend to cover the cost of the repairs. For example, if the tenant drops a towel on a hot stove and it catches fire doing damage to the kitchen, for insurance to respond the condo-owner would need to make sure that they had a Landlord Condo insurance policy. If the condo wasn't insured properly on the Landlord form, the insurance policy would not respond and the condo owner would be required to pay for the damages themselves.

Liability Coverage: If your tenant causes damages to the building itself -exterior or interior common spaces - the condo corporation will come back against the owner of the condo to pay for the damages. The condo-owners policy will only respond if it is insured on a Landlord form.

On average, condo owners can expect to pay between $30 to $50 per month – or $400 to $600 per year – for a condo insurance policy. 

The average cost of condo insurance is approximately $30 to $50 per month, but the rate you'll be paying depends on a multitude of factors. To find the exact cost for yourself, be sure to compare personalized quotes with us using our condo insurance calculator. 

Condo building insurance is different. This is purchased by the condo corporation to cover damage to the building and the common areas and liability on the property. This is usually included in the monthly condo maintenance fees.

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Samantha Schmidt

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Samantha Schmidt

Helpful condo insurance guides

Explore helpful guides that explain how condo insurance works in Canada, including coverage basics, cost factors, and common policy terms.

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