Compare the best Fredericton home insurance quotes & save today

By combining both home and auto insurance in Fredericton, you could save up to 25%, so good on you for searching for discounts. To get the best coverage, consider adding comprehensive and collision insurance to your auto policy that will trigger a claim should any damage occur to your car, even if you're at fault. 
For home insurance, the best thing you can do is to buy flood insurance. Flood insurance can protect you from overland water and sewer backup which are key to a solid house insurance plan in Atlantic Canada.  Speak to your insurance broker about other recommended additions and endorsements to your policy based on your unique situation. 

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. 

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.

On the east coast, extended water should be included in your coverage. 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.