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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.
This provides coverage for loss and damage to your property and/or any assets.
A predetermined amount of money that you must pay towards the cost of the claim. Home insurance has different deductibles for different coverage.
These are optional coverages you can buy that protect you for water damage such as sewer back up and fresh water flooding.
This allows for the protection of your “claims-free discount” in the event of your first claim.
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 comprehensive home coverage, it means you are covered for anything that is not excluded.
When you purchase broad home coverage, it limits your contents coverage to only specific coverages, (ie. theft, fire, water damage, etc.)
Recent home quotes in Newfoundland
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Our Reviews
To whom it my concern. I would like to take a minute and say thankyou for the always very friendly and exceptional service i recieve from Patti Gustafson. It's always a pleasure and i'm always well informed. Koodo's to a great lady! Thankyou, Dale Goodsell.
Took less then 30 minutes when I bought a new truck and needed insurance right away to pick it up. They always respond and answer any questions in a timely matter. Would rate higher if I could, I have had 0 issues.
Thanu - We can not thank you enough for your knowledge and help. We were stuck in a very bad situation and you helped us greatly. You have saved us thousands of dollars and we are truly so appreciative. Highly recommend anyone to use Thanu for any insurance needs. He really is the best!!
I had a great experience with Devin at Surex. He was genuinely kind, responsive and actually took the time to help me, which wasn’t the case with others I spoke to. He found me the best insurance rate and made the entire process quick and straightforward. I needed to get my insurance sorted urgently and he made that happen without any stress. He’s honestly the reason I was able to get everything done so fast. I would definitely recommend Surex because of him. Easily one of the best customer service experiences I’ve had.
Devin, was amazing and fast to work with he got me hooked up with the right insurance company that was best for me, and was able to get it it all hooked up the next day!! Thank you.
Newfoundland home insurance rates vs. other provinces
Newfoundland & Labrador is in the top of the most affordable provinces to purchase a home in. Insurance however is on the higher end. Also being on the east coast there can be a lot of active weather. Make sure you have the right coverage at the right price. Start a free quote with us today and find out.
Province |
Average Rates |
|---|---|
Newfoundland & Labrador |
$2,513 |
Alberta |
$2,304 |
Ontario |
$1,797 |
Nova Scotia |
$2,788 |
New Brunswick |
$2,402 |
Prince Edward Island |
$1,145 |
Manitoba |
$1,335 |
British Columbia |
$2,389 |
Yukon |
$1830 |
Nunavut |
$3,516 |
Saskatchewan |
$1,873 |
Northwest Territories |
$3,367 |
Home insurance FAQs
The cost typically depends on a number of factors including the construction of the home, updates to heating, electrical, plumbing, and roofing, chances of water damage, prior claims, and more. It’s best to budget approximately $800-2600 annually for home insurance costs, but again this will vary from person to person.
There are four basic types of home insurance you can get:
Comprehensive: This provides the most coverage and is the most expensive. It covers your home and its contents against all perils (except the ones specifically excluded from your insurance policy)
Basic or Named Perils - This coverage insures your home, contents and property for perils that are specifically named in your policy
Broad: This is coverage that is right in between a standard policy and comprehensive, covering your home against all risks (minus exclusions) and coverage for your contents against any named risks.
No frills: This provides minimal coverage, and is the cheapest. It is usually for homes that don't meet underwriting standards (doesn't meet normal insurance standards).
And of course, if you feel you need more coverage you can inquire about extra coverages (or endorsements) that will cover certain risks that can affect your area such as:
- Overland flooding
- Windstorm damage
- Sewer backup
A licensed insurance advisor can offer home insurance quotes for you in Newfoundland. If you contact the broker channel they can provide you with more than one option, so you can see comparables in price and insurance coverage!
The cheapest home insurance provider depends on how your situation fits into the formula companies create to evaluate policyholders. Comparing quotes with Surex will allow you to get the cheapest price on home insurance and get you the best insurance coverage for your situation.
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Helpful home insurance guides
Explore helpful guides that explain how home insurance works in Canada, including coverage basics, cost factors, and common policy terms.
Home sellers in Canada must disclose hidden material defects, as failing to do so can lead to serious legal and financial consequences.
During Canadian winters, blocked vents from snow can cause deadly carbon monoxide buildup—regularly check furnace, water heater, dryer, and chimney vents to ensure they’re clear.
Water damage in condos can be confusing; responsibility varies between owners and associations. Understanding coverage helps prevent costly surprises and ensures proper condo insurance protection.
