In Canada, several insurance companies offer similar home protection for every homeowner. Because of this, it can be difficult to compare them all and choose the ideal one for your property. Then you may be wondering how I can narrow down all of my options. Well, there is no magic formula to finding the best home insurance companies in Canada, but there are a few things you can consider. When looking for homeowner insurance, you will find that the price of your premium is determined by several factors. The age, location, material and type of construction of your home are just a few of the elements that will affect your policy. Also, based on the policy you choose, you can get more insurance coverage at an affordable price.
It might come as a surprise that the best Canadian home insurance companies don't offer the most expensive policies. On the contrary, the top providers offer homeowners full coverage and the ability to expand if necessary. We understand that identifying the best insurance companies in Canada can be difficult, especially when purchasing your first property. To help you, we've made a list so you can classify your options before making a decision. If you are specifically looking for the best insurance policies in Manitoba, visit Surex for access to the right policy for you. The best home insurance companies in Canada are the ones that have experienced agents and give you more benefits that come with your policy. There are several ways to identify these providers.
Online reviews
By looking at what people are saying about the insurance company on the internet, you can get an idea of what to expect. Reviews online can help you get to know the company a little better before reaching out to them for a quote. However, be aware that the people who have a good experience do not write reviews most of the time. The bigger the company, the more users it has. This means that large companies could have a number of negative comments. Online reviews are a great way to do an initial search, but you shouldn't rely on them 100%. You will also need to do a personal examination. Talk to the insurance agents and maybe even some of the company's current customers.
Size of the company
You can find large and small insurance companies in the market. Most people prefer to buy their policies from insurance companies that have been in business for several years. However, if you are looking for a more personalized service, only small providers can offer it. Remember, in Canada you don't have to worry about the company having enough assets to pay the claims. Here the government ensures that every provider is financially sound. This means that they are able to respond to your inquiries and provide everything you need in the event of an accident.
Determine your type of insurance
Depending on the characteristics of your home, you may need a specific type of homeowner insurance. Here are some cases when standard protection wouldn't be enough for your home.
- If you have high quality items in your home, such as: B. Art or collectibles.
- If you live in a high risk house that has old structure and deteriorated plumbing.
- The property is a second residence, like a summer house.
- Mobile homes or trailers.
- In case you rent the property.
If you want to learn about the different types of protection available for the above properties and you live in Manitoba, visit Surex.
Top Home Insurance Companies in Canada
Now that we know what to look for when choosing a provider, let's take a look at the top Canadian home insurance companies.
Pembridge Insurance Company
Founded in 1999, Pembridge is a leading insurance provider offering comprehensive insurance policies for homeowners. If you are looking for home insurance, you need to ask this company for a quote as it will allow you to customize your policy. You also get various discounts. Don't forget to ask about the precious cover add-ons in case you want to protect art or jewelry.
Intact insurance
In addition to being one of the largest insurance companies in Canada, Intact is the number one choice for the majority of homeowners. With this company, you can personalize your policies and choose your priorities. Another great thing about Intact is that you have the ability to bundle guidelines. When it comes to payments, Intact Insurance gives you options to help you stay within your budget.
RSA insurance
RSA Insurance is one of the insurance companies that provides the best customer service. It also has more than homeowner policies, including auto, business, and travel coverage. Although part of the best home insurance companies in Canada, RSA is more popular in Quebec when compared to other provinces.
Aviva Canada
Aviva Canada offers one of the most comprehensive insurance services in the country. This company has a variety of policies that adapt to your individual needs, as well as several add-ons that you can purchase. The best part about taking out homeowner insurance with Aviva Canada is that they ensure that the exterior and interior of your home are protected.
Wawanesa Mutual Insurance
Wawanesa has three different levels of coverage when it comes to home insurance. You can choose between simple, wide and special to customize the protection for your home. This company also has other types of insurance policies, including condominium and tenant insurance. Wawanesa Mutual is the go-to place for most residents of the western region.
SGI Canada
This Saskatchewan insurance company is committed to providing the best insurance products on the market. With SGI Canada, you can choose between different types of home packages depending on the protection you want. We also encourage you to check out the other insurance packages that they have.
Gore Mutual
Gore Mutual is a company that doesn't just care about giving you the best protection. They also want to have a positive impact on our society. This means that the company cares a lot about its customers too. That's why they offer discounts and flexible payment plans. If you decide to buy your home insurance from this company, they will respond to your claim in the shortest possible time in the event of an unfortunate event.
Economic insurance
Economical is an incredible company where the customer comes first. It doesn't matter what time you want to make a claim as they offer a 24/7 service. When it comes to home insurance, it comes with full coverage, including additional living expenses and identity theft. You will also get discounts if you install a security system and fire alarms.
CNS insurance
Homeowner insurance offered by CNS covers all types of property. Single-family houses, apartments and townhouses are adequately covered, among other things. They also have a variety of payment plans like one, two, and three installments. You can also schedule an automatic withdrawal from your bank account. That way, you don't have to worry about paying the bill every month.
