Canadian Money Forum banner

1 - 5 of 5 Posts

·
Registered
Joined
·
9 Posts
Discussion Starter #1
Hi,

I am in the process of purchasing my first rental property and was wondering if it is standard for the owners to obtain liability insurance and if so, where would you suggest I look for this?

Thanks
 

·
Registered
Joined
·
319 Posts
Yes, I'd suggest 2 million, it's not much more than 1 million, and I can tell you no claims these days are for less than a million (most end up settling for a less than a million)
 

·
Registered
Joined
·
9 Posts
Discussion Starter #4
Yes, I'd suggest 2 million, it's not much more than 1 million, and I can tell you no claims these days are for less than a million (most end up settling for a less than a million)
Do you have any idea how much I can expect to pay for this coverage?
 

·
Registered
Joined
·
319 Posts
I think it was $40 more per year than my million dollar coverage, but I have all my insurance in one, which determines the total price.
 
1 - 5 of 5 Posts
Top