Liability Insurance Ontario Tenant. What’s more, tenant insurance covers more than just your possessions, with the typical plan covering you for personal liability up to $1 million. Liability insurance vs renter’s insurance.
Tenant insurance also provides you with liability coverage in the event that someone hurts themselves while on the property you rent and may help pay for medical bills, property damage and lawsuits. Why having ontario apartment insurance is a growing necessity. I signed a residential tenancy agreement with a new tenant about a year ago and checked off the box on section 11 of the standardized lease form for ontario which specifies that the tenant must have liability insurance at all times.
As a tenant, you may be liable for any damage you cause to your building or unintentional harm caused to others who live in or visit the property.
How much does tenant insurance cost per month in ontario? Find out why you need tenant insurance Tenants legal liability coverage is insurance for loss or damage of a property resulting from an action of a person renting space at that property. Extend your coverage by enhancing your landlord liability insurance with an umbrella policy.