Property Insurance Rates in Alberta

Important information for clients

Your family home is one of your most valued assets and we understand the importance of ensuring it is protected. 

Factors impacting property insurance in Alberta 

In recent years, Alberta has been challenged by record levels of large-loss events, in large part due to weather-related disasters. This has resulted in year-after-year losses, and, unfortunately, this trend is expected to continue. After much consideration, we’re applying rate increases to ensure we can continue to provide security to our Alberta clients.

For more facts about property insurance in Canada, check out the IBC’s 2017 FACTS Book.

Our commitment to clients

As a co-operative, we put people first and The Co-operators, along with our Financial Advisors, are committed to our clients and communities. In challenging times, we are focused on providing solutions that have the flexibility to meet both your needs and your budget. That is why we've introduced Comprehensive Water to Alberta homeowners. This new coverage provides a more complete and flexible solution to protect clients’ homes from various types of water damage including sewer back-up, a build-up of water from extreme rain, or even a flood.

Protecting your home and managing your premiums

We understand that each situation is unique and are committed to working with clients to find the coverage combination that is right for them. In the meantime, here are some tips on helping you manage your premium and keeping your home protected: 

  • Schedule a Client Review. Your Financial Advisor can work with you to review your coverage and limits. Our reviews will ensure you have the right amount of insurance and are receiving the discounts you may be eligible for. 
  • Adjust your deductible. Consider increasing your deductible to help reduce your premiums.
  • Keep an inventory. In the event of a claim, you may be asked to provide a list of your personal possessions. Keeping a record will ensure you are well prepared and will help with replacement.
  • Install security/sprinkler system. Installing a monitored burglar, fire alarm or fire sprinkler system will protect your family and provide savings on your home insurance premium.
  • Bundle your coverage. Consider insuring multiple lines of business with The Co-operators, such as home and automobile insurance, to maximize your discounts.
  • Replace older roof or siding. If there are signs of deterioration, replace your old roof or siding with a weather-resistant product.

We’re here to help.

We value you as a client and look forward to working with you to manage the impact of these changes. To review options to manage your premium or if you would like more information about Comprehensive Water, contact your Financial Advisor.