Best Home Insurance Companies in Canada
If you value your home and personal belongings, you already know just how important home insurance is in Canada. Having home insurance ensures that you're financially protected if an unexpected risk or peril (an insurance term for an unforeseen event, like a natural disaster) damages your property or personal belongings.
However, finding the right home insurance plan isn't easy — there are several factors that you need to consider, including the price and the level of coverage. If you're struggling to find the right home insurance plan for your property, it may be time to reach out to a Surex insurance advisor.
START A QUOTEOur advisors work with the very best home insurance companies in Canada, which allows them to help you obtain and compare the most competitive quotes on the market.
However, we like to say that home insurance isn't a one-size-fits-all solution — that's why you need to take the time to assess all of your options. Thankfully, we've put together a list of our top home insurance companies in Canada — any of the following providers offer a range of fantastic options for homeowners.
*The following home insurance providers aren't listed in any particular order.*
Aviva
With over 860,000 properties insured across Canada, Aviva is a huge player in the Canadian home insurance industry. Aviva is a fantastic option for homeowners that want high-quality coverage without breaking the bank.
Aviva offers various levels of coverage at different price points, allowing you to find a plan that meets your needs and exceeds your expectations.
If you're thinking about buying insurance endorsements (also commonly referred to as add-ons), then you're in luck. Aviva offers a long list of insurance endorsements to policyholders, including overland water and flood damage — this means that you can tailor your policy to protect you from location-specific risks and perils.
Reach out to a Surex insurance advisor to learn more about how you can save on home insurance by working with Aviva.
Wawanesa Insurance
Are you familiar with Wawanesa Insurance? If so, it should come as no surprise that they're listed among the top 10 home insurance companies in Canada year after year.
Wawanesa Insurance offers a huge variety of options for homeowners in Canada, ranging from basic home insurance to lesser-known options, like comprehensive coverage for homes.
Homeowners should note that Wawanesa Insurance also offers the following types of coverage in Canada:
- Car coverage
- Condo insurance
- Tenant insurance
- Farm coverage
- Business insurance
If you'd like to take advantage of additional savings, you should consider bundling your home insurance with another type of coverage from Wawanesa. Bundling your insurance can save you a hefty amount on your premium (generally upwards of 25%), making it an excellent option for homeowners that want to reduce their insurance rates.
You can reach out to a Surex insurance advisor to learn more about the benefits of bundling your home insurance with your car coverage, business insurance, or anything in between.
Pembridge Insurance
If you're looking for one of the best home insurance companies in BC (or a number of other provinces for that matter), you may want to ask your Surex insurance advisor about teaming up with Pembridge Insurance.
Many homeowners in Canada know that Pembridge Insurance offers numerous types of property-related coverage. However, not as many homeowners in Canada are familiar with the various discounts that Pembridge Insurance has to offer.
For instance, Pembridge Insurance offers Canadian homeowners the following discounts (depending on the type of coverage that they opt for and whether or not they meet the requirements):
- Claims-free discount
- Occupation discount
- Non-smoker incentive
- Water damage prevention and sensor incentives
- Heating discount
- Roofing construction incentive (only in the province of Alberta)
- Mortgage-free discount
- New property discount
As you can see, there's a wide range of deals that homeowners can take advantage of if they team up with Pembridge. Don't hesitate to reach out to your Surex insurance advisor to learn more about how you can save on home insurance in Canada.
Gore Mutual
Do you live in a luxury home or living space? Is your property full of precious, expensive items like jewelry, electronics and art? Are you tired of searching for a home insurance company that can sufficiently cover your property and possessions?
If you answered “yes” to one or more of the questions mentioned above, then you should consider asking your Surex insurance advisor about Gore Mutual.
Even though they only offer home coverage in BC and Ontario, Gore Mutual has made quite a name for themselves in the insurance industry. For starters, Gore Mutual provides top-quality customer service, which makes every experience feel pleasant and memorable.
However, this isn't the only thing that separates Gore Mutual from the rest of the pack — Gore Mutual is primarily known for its VIP endorsement. The VIP endorsement is meant to protect high-value, luxury homes and their contents.
Gore Mutual's VIP endorsement allows homeowners to add the following types of coverage to their home insurance policy:
- Building coverage
- Contents coverage of up to $50,000 (jewelry, collectibles, etc.)
- Personal liability coverage
- Identity theft protection
- Scam protection
- Home invasion protection (covers the cost of guards, alarms, security features, etc.)
- Go Green (ensures eco-friendly materials are used during repair or reconstruction of the property after a claim is made)
- Loss prevention insurance
To learn more about the pros and cons of getting a VIP endorsement, you can reach out to a Surex insurance advisor.
Do you want to get coverage from the most respected Canadian home insurance companies in the industry?
At Surex, we know that finding home insurance can be difficult, and dare we say, overwhelming at times. That's why we do everything that we can to make the process easier and less stressful.
If you'd like to learn more about any of the insurance carriers listed above or have other home insurance questions, don't hesitate to get in contact with a Surex insurance provider. After a quick chat on the phone or online, you'll receive ten affordable, customized quotes that are guaranteed to meet your needs and work with your budget.
