Paying too much for home insurance in New Brunswick? Surex can help you save up to 25%
The province of New Brunswick lacks anything but charm. New Brunswick is a peaceful, quiet province that’s ideal for families that want to downsize. Thanks to the beautiful forests, unique beaches and vast rivers, New Brunswick is also a fantastic location for anyone that enjoys spending time with Mother Nature.
Although New Brunswick is one of the smaller provinces, it’s home to several cities. Some of the most popular cities include Dieppe, Fredericton, Moncton, Riverview and Rothesay. If you’re planning to move to one of these cities (or another locale in New Brunswick), you may need help finding home insurance in New Brunswick.
Are you having a hard time finding cheap home insurance in New Brunswick? Surex is here to help! Our team of licensed insurance advisors works side-by-side with the best home insurance carriers in New Brunswick. Working closely with the top home insurance providers allows us to offer unbeatable deals and discounts. Contact us today to save 25% on home insurance!
This provides coverage for loss and damage to your property and/or any assets.
This would provide protection against claims resulting from injuries, and damage to people and/or property.
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.)
Home Insurance in New Brunswick - What You Need to Know
The cost of home insurance in New Brunswick 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 to $2,600 annually for home insurance costs, but again this will vary from person to person.
There are four basic types of home insurance in New Brunswick 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
We've partnered with some of the best insurance companies in New Brunswick to provide you with ten (or more) quotes for you to compare and get the best quote and price for your situation! Let Surex find you the best home insurance New Brunswick has to offer. Here is who we work with:
A licensed insurance advisor can offer home insurance quotes for you in New Brunswick. 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 in New Brunswick!
- Fundy National Park of Canada
- Kouchibouguac National Park
- Roosevelt Campobello International Park
- Miramichi River
- Cains River
- Restigouche River
- Chicken Fricot
Do you have questions about home insurance in New Brunswick?
You will need the following information to ensure quote accuracy:
- Square footage of your home
- Year your home was built
- Details on any upgrades or modifications
- Your exact address
- Your personal home insurance claims history
In New Brunswick, the Financial and Consumer Services Commission is responsible for the licencing of insurers, adjusters, agents brokers and damage appraisers. It also manages the daily administration of the Insurance Act.
There are many things you can do to save and lower the cost of your home insurance premium in New Brunswick. Here are some suggestions you can consider doing:
- 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!
- 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, your insurance company 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.
- Professional membership: Do you belong to a union, an alumnus at a particular university or college, or a CAA member? Some insurance companies will offer a discount or group policies to professional members, associations and organizations.
- Home Upgrades: Doing some upgrades will benefit you in the long term as well as possibly lower your insurance rate. Things like replacing knob and tube wiring, replacing lead pipes with copper or plastic and updating the valuable parts of your home (basement, kitchen) should help.
- Reinforce your Property: Doing this will prevent damage and liability claims as a result of certain risks such as snow, ice, overland flooding and sewer backups.
New Brunswick, along with the rest of Atlantic Canada, can experience a bulk of environmental risks that will impact the type of home insurance coverage you choose. Here are some risks in the province that you may want to take into consideration when purchasing your home insurance in New Brunswick:
- Overland flooding (from storm surges or increased frequency of winter thaws)
- Sewer backup due to flooding
- Increased chance of hurricane damage
If you have a good history of paying your home insurance bills, insurers will offer the option to choose whether you pay your home insurance premiums monthly or annually.
If you have a history of having your insurance cancelled, due to non-payments, then the monthly option might not be available to you and the home insurer will require you to pay for your year’s worth of premiums upfront.