Nunavut Home Insurance Quotes

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 Nunavut, a few factors are instrumental in determining home insurance rates:

• Insurance data - The home insurance carriers in your area, both city and province, will have compiled data over the years relating to the amount of home insurance claims in your area. If you’re fortunate enough to live in an area where there hasn’t been many claims, then your home insurance rates will be lower, all things equal, compared to someone that lives in an area where there have been frequent home insurance claims.

• The value of your home - This is important as the company insuring your home will need to know the potential replacement cost of your home. Of course, they and you both hope they’ll never need to replace your home due to a claim.

• Your home insurance history - Home insurers are interested in your personal, prior home insurance claims history. If applicable, be prepared to share your most recent 10 years of home insurance history. If you don’t have 10 years of home insurance history, you’ll need to disclose however many years you have.

Your Surex insurance broker knows the #1 reason a person will switch their home insurance policy from one insurance carrier to another is price -- lowest home insurance price wins. This is why we get as many discounts as we can through our online insurance partners. Discounts for home insurance can include the following:

• Good credit discount

• Mortgage-free discount

• Renewal discount

• Occupational discount

• Alarm/home security discount

• Bundle discount

• Claims-free discount

• Sewer back-up discount

• New business discount

• Flex discount

• Loyalty discount

• Age discount

• Smoke-free home discount

• Household discount

• Multi-lines discount

• Gated community discount

Depending on the area of Nunavut where you live, some home insurance coverages might be mandatory. If a home insurance coverage isn’t mandatory, you can choose to add it to your home insurance policy.

We want you to have the exact home insurance coverages and policy you desire. Speak with the best insurance broker about the coverage you want. They’ll be able to let you know how much it is to add/remove coverage on your home insurance policy.

• Personal home insurance history - The home insurer you choose to place your home insurance business with will need to know your past home insurance claims history. If applicable, they’ll need to know your most recent 10 years of home insurance claims history.

• Bill payment history - The home insurer you choose to place your business with will need to know your history of paying your home insurance bills. If you have a good track record, you’ll be able to choose whether you pay your annual home insurance premiums monthly or annually.

• Claims - This relates to the amount of home insurance claims insurers have had, or haven’t had, in your area. If you live in an area with minimal claims, then your home insurance will be less -- all things equal -- compared to a home in an area that has frequent home insurance claims.

• Coverage - Depending on where you live in Nunavut, some home insurance coverages will be mandatory by the home insurer you’re looking to place your business with.

• Options - If a home insurance coverage isn’t mandatory, then you can choose whether to add it to your home insurance policy or not. Again, we want you to have the exact home insurance policy to match your needs. This is why we don’t do cookie-cutter home insurance policies.

• Deductible amount - The most common home insurance deductible amount in Nunavut is $3000. This is the amount you, the insured, would need to pay -- out of your own pocket -- to activate your home insurance policy, in the event of a home insurance claim.

• Upgrades - If you live in an older home in Nunavut and do certain upgrades, you can be eligible to lower your annual home insurance premium amount by up to 10%. These upgrades would include upgrading outdated electrical, upgrading your home’s plumbing and/or installing a sump pump or backflow valve.

• Security system - If you’re considering securing your home with a certified home automation system, this is a great way to protect your family as well as become eligible for a home security discount. A home security discount can save you up to 10% off your annual home insurance premium amount.

As NU’s home insurance marketplace, we work with Nunavut’s top home insurers, including Aviva, Intact & RSA, so you can compare insurance companies and choose the perfect home insurance policy for you.

You can customize your coverage when you get insurance online or over the phone:

At Surex, our goal is to get you the exact coverages you want & need. We aren’t here to hand out generic home insurance policies. A tailored policy, just for you, is what we’re about. Your Personal Assistant will be able to help you get exactly what you’re looking for.

In NWT, there are two types of home insurance coverages to you to choose from; broad home insurance & comprehensive home insurance.

Broad home insurance:

Broad home insurance is the most affordable home insurance option available to you. Barring a peril being mandatory in your area of Nunavut, you’ll be able to choose what perils you want to add to your home insurance policy. Perils include:

• Windstorm

• Hail

• Explosion

• Smoke

• Fire

• Vandalism

• Lightning

Comprehensive home insurance:

Comprehensive home insurance is the most extensive/expensive home insurance option available in Nunavut. Comprehensive home insurance includes the previously mentioned perils in a broad home insurance policy, with the option to include coverage for unintentional damages and the mysterious disappearance of property and content.