Home insurance in Victoria provides the protection you need no matter what kind of home you have. When you need to make a claim, home insurance will help you keep peace of mind if anything comes up.

A licensed insurance advisor can offer home insurance in Victoria.  If you contact the insurance broker channel they can provide you with online insurance quotes from the top Canadian home insurance companies, so you can see comparables in price and coverage!

Home insurance in Victoria provides the protection you need no matter what kind of home you have. When you need to make a claim, home insurance will help you keep peace of mind if anything comes up.

Home insurance in Canada is not legally required if you’ve paid your house in full. However, you should purchase home insurance prior to getting a mortgage.

The two types of home insurance are:

• Broad home insurance: perils like water, lightning, hail, windstorm, fire, smoke, explosion, falling objects, vandalism, theft, and impact to vehicles or aircraft. 
• Comprehensive home insurance: this is the most comprehensive level of home insurance in Canada. This includes coverage for all perils with broad insurance in addition to unintentional damage and disappearance of home contents.

The cost 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 $600-1500 annually for home insurance costs, but again this will vary person to person. 

Factors that influence the cost of home insurance include: the age of the home, the size of the home, the number of residents, the cost of replacement, the internal and exterior construction, the location, as well as the proximity to local services like fire and police stations.

The most affordable home insurance provider will depend on every customer’s unique situation. The top Canadain home insurance companies in Victoria have their own formula, meaning some criteria like driving record or age may weigh more than others. It’s a good idea to compare insurance companies and quotes with Surex so that the best insurance broker can shop the market for you. 

Insurance Carriers will notify the client if the insurance policy is automatically renewing by sending out policy documents usually 30-60 prior to renewal date.

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 the cheapest price on home insurance.