Search

What Is Personal Liability Insurance?

No one likes to think about the possibility of someone getting injured on their property. Your house is a safe, comfortable place, and you rely on it to keep your family dry, warm, and healthy. Unfortunately, accidents do happen, and those accidents can result in lawsuits. That’s where personal liability insurance comes into play.

In Ontario, homeowners and those residing on properties have a “Duty of Care” to those who come into their homes or onto their properties. People are obligated to take care of those who enter their properties and are responsible for the care of those third parties should an accident or injury occur (intentionally or otherwise).

We have insurance for those moments that we least expect to happen. These are not regular moments in life, nor do they occur often. However, having the right insurance coverage can help support you financially while you navigate these new circumstances.

What is Personal Liability Insurance?

This coverage is included in renter insurance, homeowner insurance, or condo insurance policies. Personal liability insurance protects you financially in case someone is hurt or experiences an accident on your property that results in a lawsuit.

This kind of insurance policy can help protect your current and future assets in an instance where a lawsuit is brought against you. The policy allows you to have financial assistance for legal fees you otherwise would have had to pay out of pocket. Liability insurance can cover the people living in your household as well as yourself not just at home, but while they are traveling to many places around the world as well.

Do I Need Personal Liability Insurance?

If you are financially independent and living on your own, having this coverage can be highly beneficial. Personal liability is not a required policy under Ontario law, but it is recommended. Renter insurance, homeowner insurance, and condo insurance will all come with liability insurance, but it’s essential to have one of those policies in place. Even as a renter, an insurance policy can help you get back on your feet in case anything should happen to the home or apartment that you are renting.

As a homeowner, you are responsible for your home and your property. If someone were to be hurt because of your actions or negligence, and they sue you, your personal liability insurance policy could help you. Lawsuits are expensive, even if you aren’t found to be at fault; it’s beneficial to have these financial protections in place should the unthinkable happen.

If someone sues you, you will still have to appear in court (and potentially hire legal assistance) and work to prove that you weren’t at fault. Legal fees require money that you may not have set aside for a legal fight. If you are found to be at fault, the financial ramifications could be brutal. A lawsuit could cause you to lose investments, real estate, wages, and other assets not only in the present but in the future, too.

A personal liability insurance policy doesn’t cost much per month and can help alleviate the financial strain from a situation that could otherwise cause you a lot of trouble.

What Does Personal Liability Insurance Cover?

Personal liability insurance could cover the following:

  • Personal injury
  • The costs of a legal defense
  • Non-fault medical payments to injured third parties
  • Voluntary property damage payments
  • Damages caused by employees in your residence or by others living in your home
  • And more.

Personal liability insurance does not cover accidents or injuries involving a vehicle. Bodily injury or property damage caused by a driver or a car would be under an auto insurance policy, which is required in Ontario. 

How Much Does a Policy Cost?

A personal liability insurance policy as part of a homeowners or renter’s insurance policy won’t break the bank with its monthly premiums. Policy pricing will vary from individual to individual, but liability limits can be increased for as little as $30 per year in some instances.

Policyholders can often bundle their auto insurance, homeowner insurance, and umbrella insurance together for additional savings and extra coverage in case of a lawsuit.

To learn more about personal liability insurance, contact us at 855-DULIBAN or [email protected]. Our licensed professionals will be happy to answer any questions you have.

personal liability insurance

related blogs

Read related blogs

Our blog is packed with the tips and tricks you want to read, and deserve to know.

Pool Safety Tips for Your Family This Summer

Summer is the perfect time to relax by the pool and enjoy the sunshine with family and friends. As you

Pool Insurance: Decoding This Emerging Rental Trend

As summer approaches, many homeowners are looking for creative ways to make the most of their backyard oasis. One emerging

From Owning to Renting: 10 Tips for Maximizing Your Cottage’s Potential

Are you considering renting out your cottage this summer? Whether you can’t make it up as much as you planned

Your ultimate guide to hosting an airstream rental

Are you ready to share the joy of Airstream living with travelers from around the world? Whether you’re looking to

Making A Home Insurance Claim in Ontario: Here's What You Need To Know

Navigating home insurance claims can be a challenging process for many homeowners in Ontario. Understanding common mistakes and knowing how

Navigating Home Insurance For Rental Properties in Ontario

Renting a property, whether you’re a landlord or a tenant, comes with its own set of responsibilities – and uncertainties.

..... ..... .....
..... ..... .....
...... ......
Duliban Insurance Brokers in Ontario

About Us

History

Locations

Meet The Team

Resources

Our Insurers

Claims

Referral Program

Blog

Join The Team

Careers

Contact

Auto

Classic Car 

Electric Vehicle

High Risk 

Motocycle

Ride Sharing & Uber

Home

Condo

Airbnb

Cottage

Landlord

Tenant

Business

Small Business

Commercial Auto

Commercial Property

Contractor

Cyber

Liability

Farm

Recreation

RV

ATV & UTV

Slingshot

Snowmobile

Boat

Tractor Protect

Mich Stars

We have a 4.8 rating from over 600 reviews