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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 insurance quotes in Yellowknife
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Our Reviews
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!
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!!!!
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.
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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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 up to 25% on the best home insurance in Yellowknife by teaming up with Surex
Yellowknife, the capital of the Northwest Territories, combines a small-town charm with the conveniences of city living. It's a place of abundant job opportunities and one-of-a-kind experiences—few places in the world allow you to witness the midnight sun in the summer, marvel at the Northern Lights, and take a quick ski break during your lunch hour in winter.
With its welcoming atmosphere, Yellowknife offers an ideal environment to live, work, and thrive.. A lively arts scene, diverse population, unique neighborhoods, and a frontier history of entrepreneurial spirit shape everyday life in this vibrant northern city.
Getting the best home insurance in Yellowknife may feel like a challenge, but, when you team up with a Surex insurance advisor, it becomes a breeze. Our experienced advisors can answer any and all of your insurance questions. Once your questions have been answered, we can help you find competitive online insurance quotes from the top home insurance companies in Canada. Call or click to start saving as much as 25% on the best insurance coverage in Winnipeg.
Home Insurance in Yellowknife - What You Need to Know
There are three basic types of homeowners insurance in Canada:
Basic or Named Perils: This is a more economical coverage option that covers your home, contents, and property for perils that are specifically named in your policy.
Broad: This is seen as the middle ground coverage between comprehensive and basic. It covers your home against all risks (minus exclusions) and coverage for your contents against any named risks.
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).
A licensed insurance advisor can offer home insurance in Yellowknife. If you contact the insurance broker channel they can provide you with more than one option, so you can see comparables in price and coverage!
A number of factors determine the cost of home insurance in Yellowknife:
- The age of the home
- The square footage of the home
- The number of inhabitants
- Replacement cost
- Exterior construction
- Internal construction
- The location of your home
- Proximity to services like fire/police stations
Home insurance in Yellowknife is not legally required if you’ve paid your house in full. However, you should purchase the best home insurance in Yellowknife prior to getting a mortgage.
The cost of home insurance in Yellowknife: 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 $600 to 1500 annually for home insurance costs, but again this will vary from person to person.
You should always ensure you have the right insurance coverage for your home. Speaking to a licensed broker/advisor will help ensure you are not left unprotected in the event of a claim or insurable peril. It is also extremely important to be forthcoming with your advisor and be sure they have a full understanding of your property so you can have confidence that you are indeed covered if there is an accident.
After all, the only thing worse than having no insurance is paying for insurance that you can't collect on because you were covered improperly.
Home insurance is a tricky thing to predict, as many factors come into play when calculating the rates. Things such as the age of the structure and the construction of your home, wiring etc...all these items that can be found in and around your home all affect the rate. Plus, the top rated home insurance companies in Canada underwrite risk differently, so that is why getting to compare insurance companies and quotes when you get insurance online or over the phone.
Here are a few things you can to help reduce the cost of your home insurance:
Increase your deductible: This is the amount you pay towards an insurance claim, so by offering to pay a higher percentage of a future claim, the top rated home insurance companies in Canada will decrease the cost of your premium. But, keep in mind you will be paying more out-of-pocket when, and if, you ever file a claim.
Bundle your insurance: Bundling always helps you save, whether it's your phone, tv and internet! So, if you have a car, or any other insurable item, think about going with the same insurance company, who will most likely reward you with a discount!
Ramp up your home’s security: Getting a home security system can help, specifically ones that are monitored 24/7 by a security company. Also, inquire if your insurance company is partnered with a specific one for more of a discount.
Don’t switch before renewal: Breaking your contract before the renewal date could incur penalties.
Renew with your current provider: Homeowners who stick with one insurance company for years, will likely get to enjoy some discounts!
Review your insurance policy annually: Review your policy annually to make necessary adjustments after life changes, you may need less or more coverage, so keep up-to-date.
Shop around: Always compare home insurance quotes to see what all your options are on similar policies. No two policies are the same, so comparing will let you choose what's right for you.
The most affordable 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 affordable home insurance.
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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.
