Compare the best Edmonton home insurance quotes & save today

Edmonton home insurance will run the average homeowner about $85 per month. If you live in a condo, you'll be looking at about $35 per month, but insurance rates are rising more than ever, so be sure to compare condo insurance quotes and if you find a good provider with a low rate, hold on to that policy.

Finally, a rented space will be about $15 per month, be it a basement or a condo, rates are relatively inexpensive with renters insurance. 

You can start by comparing home and auto insurance quotes with us. From there, we'll connect you to a licensed broker in Alberta to help you bundle your two policies together for up to 25% savings.  

The best home and auto insurance policies have affordable premiums with great coverage options. When shopping, consider adding collision and comprehensive car insurance to your auto policy which rounds out your coverage. For your home, ask about flood insurance, like sewer backup and overland water because floods are the most expensive claims in Canada. 

Finding the perfect home insurance broker is like doing multiple interviews with potential candidates. It takes time to find the right now. While you can ask family and friends for referrals, you can also compare quotes with us, we'll connect you with one of our licensed brokers who will be happy to help walk you through the finer details of your policy. We've personally vetted each of these insurance brokers. 

A home insurance peril is an unknown or accidental event. For instance, if your home is struck and damaged by lightning, creating a hole in your roof, there is no way you could have prevented it. But a home insurance policy is not a maintenance plan so if your roof has slowly degraded over time and now needs replacing, it is not a peril since its eventual replacement is expected.

Begin by making a complete list of damaged or stolen items. Call your insurance provider as soon as you can and ask about what you’re entitled to, especially if you can’t currently live in your home as you may be entitled to hotel and food expenses. A claims adjuster will be in contact with you to fill out a proof of loss form. Ask about using your own contractor or if you’re required to use one they supply to repair the property.

A deductible is the portion of the claim you’re responsible for paying before the insurance company will pay the rest. The higher your deductible, the cheaper your insurance premiums. 

Unlike car insurance in Edmonton, where age and gender can play a role in determining your rate, home insurance only cares about the home itself. You can get married, share the home with your new spouse, and even add children if you want to and it won’t affect the rate you pay.

In all of the different coverages, there are some things that are excluded from policies. They are mostly due to wear and tear that gets worse due to negligence. For instance, mould is seen as a lack of maintenance from a homeowner. If a home insurance claim could have been avoided with regular maintenance, you can expect it to not be covered.

Other common exclusions include infestations from termites or rats, home businesses, dangerous dogs, and sewer backups.

Water is a tricky peril and for some instances, it is included in your coverage, while for other scenarios it is not. Be sure to check with your insurer about what is and isn’t covered. 

Depending on when you cancel, there should be no charges to switch at the end of your contract. If you’re switching mid-term, you may incur some cancellation and administrative fees. If you’ve paid your premium annually, you may be entitled to a refund.  For more details, read our blog switching insurance companies.