Home insurance in Nova Scotia
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 $800-2600 annually for home insurance costs, but again this will vary from person to person.
There are four basic types of home insurance 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 insurance 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
A licensed insurance broker (also known as an advisor) can offer home insurance quotes for you in Nova Scotia. If you contact the best insurance broker channel they can provide you with more than one option, so you can see comparables in price and the best insurance coverage options!
The cheapest home insurance provider depends on how your situation fits into the formula companies create to evaluate policyholders. Compare insurance companies and quotes with Surex to get the cheapest price on home insurance and the best insurance coverage for your situation.
- Cape Chignecto Provincial Park
- Victoria Park
- Taylor Head Provincial Park
- Lunenburg
- Blue Rocks
- Peggy’s Cove
- The Press Gang Restaurant and Oyster Bar
- Stories Fine Dining
- Wild Caraway