Save up to 25% on home insurance in Nova Scotia
Nova Scotia, one of the four Atlantic provinces of Canada, is located on the east coast and home to nearly 1 million people. The province is famous for its high tides at the Bay of Fundy, its seafood (lobster), and blueberries! Why Blueberries? Because the region has the perfect growing conditions for wild blueberries with its climatic conditions. Nova Scotia has over 13,000 km of coastline, so you’re always near the ocean. Go to Peggy’s Cove to see the infamous lighthouses photographed each year - they have approx 150 left dotting the coastline. Or, drive along the Cabot Trail for a scenic drive, with close to 300km of highway, it goes through the Cape Breton Highlands National Park and offers jaw-dropping coastal views. Nova Scotia has cheap housing and little traffic, but a tough job market. They have lower minimum wage and higher taxes. But, the community, scenery, and ocean make it one of the best places to live!
If you're looking for the best home insurance in Nova Scotia, you should start by getting quotes from the Surex team! At Surex, we work with the top Canadian home insurance companies; this gives you access to the most competitive and affordable home insurance quotes on the market.
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 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
- Blue Rocks
- Peggy’s Cove
- The Press Gang Restaurant and Oyster Bar
- Stories Fine Dining
- Wild Caraway
Have questions? We’ve got answers:
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
There are many things you can do to save and lower the cost of your online insurance premium. 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.
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.