Home Insurance

The cost of home insurance in Saskatchewan varies depending on many factors such as the location of the property, the limits of insurance and coverages. Deductibles and discounts can also influence to cost of home insurance in Saskatchewan. Request a Westland Home Insurance quote for an accurate cost of house insurance for your home.

Different mortgage agreements have different requirements. Most lenders want to ensure that there is enough coverage in place to satisfy the mortgage and/or rebuild the house. A replacement cost valuation can help determine an approximate rebuilding cost for house insurance coverage.  Ask your broker for more details. 

Flood is an excluded coverage on standard home insurance policies. In Saskatchewan, it is recommended that residents purchase Overland Water Insurance if available. In conjunction with Sewer Backup, Overland Water Insurance can help protect homeowners in the event of flowing freshwater. Ask your broker for more details and options.

Renters should consider purchasing a Tenants Insurance policy. It is important for a tenant or renter to not only insure their belongings but also to have liability coverage. Visit Saskatchewan Tenant Insurance for more information.

Landlords, whether they own a condo or a house, should have their own Rental Property Insurance coverage in place. Landlords should have premise liability, coverage for their own appliances and building coverage if applicable.   

The Strata’s building insurance policy does not extend to cover individual unit owners personal property. Condo and townhouse owners should purchase their own condo insurance policy. It is important to consider coverage for liability, personal property, and coverage towards the strata deductible assessment.

Actual cash value (ACV) Insurance insures for the actual value of the property at the date of the loss. Replacement cost (RC) insurance, repairs or replaces property with similar like, kind and quality, without deduction for depreciation.

All Risk Home Insurance coverage includes coverage for all perils except those that are specifically excluded in the policy wordings. Named Perils coverage only includes coverage for the perils specifically listed in the policy declaration and wordings.  For more information on your coverage please speak with your Insurance Advisor or review your policy declaration and wordings.

A deductible is the amount the policy holder pays towards an insured loss.

There are different payment options for home insurance. Most policies can be paid with a payment plan.  The monthly cost of home insurance varies depending on the annual premium and minimum retained premium or required down payment of the policy. To get an accurate monthly cost of home insurance for your property, ask one of our insurance advisors for a home insurance quote or request a Saskatchewan home insurance quote online using our online quote form.

To get a Saskatchewan Insurance quote, contact one of our Home Insurance Specialists at 1-800-268-3675 or request a Saskatchewan home insurance quote online.