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What Is Personal Liability Insurance For Renters?

What Is Personal Liability Insurance For Renters | KBD Insurance
Curtis Killen

As president of KBD, Curtis aims to simplify insurance for his clients. He’s helped lead KBD to become one of Canada’s fastest 400 growing companies according to the Globe & Mail.

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What is personal liability insurance for renters?

Liability is a type of insurance coverage that’s included in almost all types of policies.

This includes tenant (also known as renters) insurance.

Personal liability insurance for renters covers tenants in the event that they’re sued for damages to the property owner’s building, or if someone is accidentally injured while in their home.

We recommend that renters purchase $1M – $2M in tenants legal liability insurance.

Generally speaking, the price difference between a $1M and a $2M policy is around $20 – $30 extra per year.

So, if you need the additional coverage, or your building owner requires, it won’t break the bank.

Still have questions?

Visit the KBD blog for an in-depth guide on third party liability insurance, and learn more about tenant insurance requirements here.

Or, give our tenant insurance brokers a call.

We’ll be happy to help. 😊

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