Save up to 25% on home insurance in Northwest Territories with Surex
Living in Northwest Territories is an extremely rewarding and satisfying lifestyle, but it does come with its fair share of challenges. One of the lesser-known challenges is finding affordable home insurance in Northwest Territories. That’s why we’re here — to help you save on high-quality home insurance!
At Surex, we team you up with a personal insurance advisor (our preferred term for broker) who can help you find affordable home insurance from start to finish. How do we provide such affordable home insurance quotes in Northwest Territories? It’s simple — we work closely with the most reputable home insurance companies in the territory. Contact us today to learn how you can save up to 25% when you bundle multiple polcieis with one of the top home insurance companies in Canada.
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 Northwest Territories - What You Need to Know
You will need the following information to ensure the accuracy of your home insurance quote in Northwest Territories:
- 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
A few factors are instrumental in determining home insurance rates in Northwest Territories:
- 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 haven'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 ten years of home insurance history. If you don’t have ten years of home insurance history, you’ll need to disclose however many years you have.
The best insurance broker knows that the number one reason a person will switch their home insurance policy from one insurance carrier to another is price — the most affordable home insurance price wins. This is why we get as many discounts as we can through our home insurance partners. Discounts for online insurance in Northwest Territories 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 Northwest Territories 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 best insurance coverage and policy you desire. Speak with your Surex 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 in Northwest Territories.
- 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 ten 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 Northwest Territories, 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 Northwest Territories 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 Northwest Territories 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 back flow 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% on home insurance in Northwest Territories.
As Northwest Territories’ home insurance marketplace, we work with the territory’s top home insurance companies, including Aviva, Intact and RSA, so you can choose the most appropriate and affordable home insurance policy for you.
You can customize your coverage:
At Surex, our goal is to get you the exact coverages you want and need. We aren’t here to hand out generic home insurance policies in Northwest Territories. A tailored policy, just for you, is what we’re about. Your Personal Assistant will be able to help you compare insurance companies and get insurance online in a few short minutes.
In Northwest Territories, there are two types of home insurance coverages to choose from: broad home insurance and comprehensive home insurance.
Broad home insurance:
Broad home insurance is the cheapest home insurance option available to you. Barring a peril being mandatory in your area of Northwest Territories, you’ll be able to choose what perils you want to add to your home insurance policy. Perils include:
Comprehensive home insurance:
Comprehensive home insurance is the most extensive/expensive home insurance option available in Northwest Territories. Comprehensive home insurance in northwest Territories 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.
- Abandon Buildings on Highway 3
- Ingraham Trail
- Dancing Moose Cafe, Yellowknife
- Birchwood Coffe Ko, Yellowknife
- Javaroma Gourmet Coffee & Tea, Yellowknife
- Drive on the Dettah Ice Road
- Visit Yellowknife Old Town
- Dog Sled in Yellowknife
Do you have questions about home insurance in Northwest Territories?
Home insurance in Northwest Territories protects you and your home in the event of a home insurance claim. If you didn’t have homeowners insurance, then you would be held 100% responsible for any damages or loss.
If you’re actively paying off your home’s mortgage or loan, there is an extremely high chance that homeowners insurance is required, as per your mortgage contract.
The amount you pay for homeowners insurance in Northwest Territories is dictated by a few things, including:
- The amount of home insurance coverage you choose to have
- The, potential, replacement cost of your home
- Home insurance data, specific to your area (city and province)
- Your personal home insurance claims history (if you’ve had multiple prior home insurance claims, expect to pay more compared to someone that has a clean home insurance claims history)
If you have a history of paying your insurance bills on time, then you’ll be able to choose whether you pay your annual home insurance premiums monthly or annually. If you’ve previously had your home insurance cancelled in the Northwest Territories, due to non-payments, then there’s a good chance the home insurer you choose to place your business with will require you to pay for your annual home insurance premiums upfront for the year.
You’re at the exact right spot to get the best home insurance in Canada! As soon as you start a quote on our online home insurance marketplace, you’ll be assigned a Surex Personal Assistant to help you complete and set up your home insurance policy.
If you choose to add more home insurance coverage than what is required in your area, your home insurer will not stop you from doing that, if you choose. Rather than deny home insurance coverage, some of the top home insurance companies in Canada may make certain coverages mandatory. For instance, if you live in an area with high winds, insurers may mandate having windstorm coverage, as they’ve experienced a lot of windstorm claims in your area.
Home insurance in Northwest Territories is not included in the closing costs of a new home. If you’re closing a deal on a new home and know the possession date, you’ll want to get a home insurance policy effective for the first day you take possession of your new home. You can do this in advance of actually moving into your new home.