Save up to 25% on Your Home Insurance!
You bought a house, you have a mortgage and a yard to call your own, so what's next? Home insurance of course.
Enter in all your details about your new home online, we take these details and shop around to get you multiple quotes from multiple carriers, to ensure you get you a fair price.
Your Surex Advisor will help you every step of the way, so don't worry you're in good hands.
Broad home insurance:
This insurance covers perils such as water, lightning, hail, windstorm, fire, smoke, explosion, falling objects, vandalism, theft and vehicular or aircraft impact.
Comprehensive home insurance:
This is the highest level of home insurance available in Canada. It includes all perils covered under broad insurance plus unintentional damage and mysterious disappearance of property/content. Spilling a liquid such as wood stain on a carpeted surface or losing a valuable item would be covered here.
Surex offers a comprehensive list of discounts to get you cheap home insurance.
The list includes:
- Bundle discount
- Credit discount
- Mortgage-free discount
- Alarm discount
- Loyalty discount
- Renewal discount
- Age discount
- Sewer back-up discount
- Claims-free discount
- New business discount
- Flex discount
- Smoke-free discount
- Occupation discount
- Household discount
- Gated community discount
- Multi-line discount
What are the benefits of bundling home and auto insurance with Surex, as opposed to another company?
Well just as we compare Canada's elite insurance providers to find you the cheapest home insurance rate, we do likewise with auto insurance. Your Licensed Insurance Advisor is then able to combine the best pair of quotes - even if it's two different companies providing the best quote in each category.
You’ll want to watch for a few things to get the best price on your home insurance.
Raising your deductible
Bundling home and auto insurance policies
Make sure your home is disaster resistant by keeping up with home maintenance.
Optimize home security
Maintain a good credit record
Stay with the same insurer if possible.
Review the limits of your policy
Looking at insurance companies with a reasonable quote and high customer satisfaction rating with help you get the best experience with your insurance.
Surex’s model allows you to get 10+ personalized quotes from leading insurance providers to help you get the best coverage at the right price. Surex has a team of licensed insurance advisors to help you make quick, easy decisions about your insurance purchases. You’re not in this alone, we’re here to help. Learn more.
A number of factors determine the cost of home insurance:
The age of the home
The square footage of the home
The number of inhabitants
The location of your home
Proximity to services like Fire/Police Stations
There isn’t necessarily a set average cost that would be an accurate price point to expect relating to home insurance rates in Canada. With so many factors contributing the cost of a home insurance policy, including value of the home, area of the home and your prior home insurance history, it would be misleading to say the average home insurance cost in ON (for example)is $1000 annually, because it could be a lot lower or higher for you, based on the previously mentioned variables.
It can change by province but the rule of thumb is if you have a mortgage or loan on your home you should have home insurance. If you own your home outright -- then you can choose to not purchase home insurance. That said, if you were to choose that route, that’s a horrible idea! Say your home were to, unfortunately, burn down because you left the stove on. Without an active home insurance policy, you’d 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.
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 in Canada are broad home insurance and comprehensive home insurance. Speak with your Surex Advisor about what coverages and options will suit you the best for your home insurance needs.