Ontario Real Estate And Development Industry Hires And Promotions: September

Liability Coverage

Discover what liability coverage is in Canadian real estate, what it protects against, and why it’s essential in home insurance policies.

Liability Coverage

May 22, 2025


What is Liability Coverage?

Liability coverage is a component of home insurance that protects homeowners against financial loss if someone is injured on their property or if the homeowner is found legally responsible for damages to others.

Why Liability Coverage Matters in Real Estate

In Canadian real estate, liability coverage is essential for protecting against personal injury claims or accidental property damage. It is included in standard home insurance policies and may also be relevant in rental property or commercial ownership contexts.

Liability insurance typically covers:
  • Legal fees and court costs
  • Medical expenses for injured parties
  • Settlements or judgments awarded to claimants

Typical policies include $1 million to $2 million in coverage, with options for higher limits depending on the property and exposure to risk.

Understanding liability coverage ensures homeowners are protected from lawsuits and unexpected financial loss due to incidents occurring on or because of their property.

Example of Liability Coverage in Action

A delivery driver slips on an icy walkway and breaks their arm. The homeowner’s liability coverage pays for medical costs and legal fees after a lawsuit is filed.

Key Takeaways

  • Covers injury or damage caused by the property owner.
  • Included in standard home insurance.
  • Pays for legal and medical expenses.
  • Helps mitigate legal risks.
  • Essential for homeowners and landlords.

Related Terms

  • Home Insurance
  • Legal Liability
  • Personal Injury
  • Property Protection
  • Risk Management

Additional Terms

Blight

Blight refers to the deterioration, neglect, and disrepair of properties or neighborhoods that cause economic decline and reduce livability. Blighted. more

Community Land Trust (CLT)

A community land trust (CLT) is a non-profit organization that owns land to preserve long-term housing affordability. Homes are sold or rented at. more

Co-Housing Community

A co-housing community is a residential model where individuals or families live in private homes but share common facilities such as kitchens,. more

Chain of Title

Chain of title is the chronological record of property ownership transfers, from the original owner to the current owner. It documents deeds,. more

Carbon Offset Credits

Carbon offset credits in real estate are tradable credits earned by properties or developments that reduce greenhouse gas emissions through. more

Build-to-Rent

Build-to-rent refers to residential developments specifically constructed for the rental market rather than for sale. These projects are typically. more

More For You

Formline, KPMB Selected To Design New Vancouver Art Gallery Building

The new Vancouver Art Gallery will be designed by Formline and KPMB.
Shutterstock

It’s full speed ahead for the new Vancouver Art Gallery building slated for 181 West Georgia Street, at the intersection of Cambie and W Georgia streets. On Monday morning, Formline Architecture + Urbanism and KPMB Architects were unveiled as the team that will lead the design of the new purpose-built building, which will replace a parking lot and former sports field known as Larwill Park.

“Selected from proposals submitted by 14 leading Canadian firms, this decision marks an important milestone in the Gallery’s renewed vision to create a destination for art and culture that reflects the diversity of its audiences,” a press release from the Gallery said. This is the beginning of a collaborative process toward a new conceptual design in 2026, one shaped by listening, dialogue and the perspectives of the communities the Gallery serves.”

Keep ReadingShow less

BC Real Estate And Development Industry Hires And Promotions: September 2025

BC Real Estate And Development Industry Hires And Promotions: September 2025
Clockwise from top left: Erin Elliott, Kaitlynn Given, Darren Tangen, Richard Hylands, James Blair, and Jenny Siman.

Fall is now in swing, and with the new season, some in real and estate and development across BC are settling into new roles. In fact, September brought a host of new hirings and promotions, including some high-level executive moves, such as Darren Tangen starting as the President of Westbank and Erin Elliott joining Conwest Developments as Chief Financial Officer.

The month also brought moves in government, across brokerages, and in finance.

Keep ReadingShow less

When The Luxury Market Is Cool (And The Neighbours Aren’t), Your Agent Makes All the Difference

When The Luxury Market Is Cool (And The Neighbours Aren’t), Your Agent Makes All the Difference

REMAX

In luxury real estate, it’s easy to assume that prestige sells itself. But even the most sought-after properties aren’t immune to the unpredictable. Market conditions cool. Stock portfolios dip. A next-door lawn grows wild. And just like that, a multimillion-dollar listing becomes harder to move.

This is why working with a highly experienced luxury REMAX® agent — one who understands how to navigate nuance, set a strategic tone, and overcome hurdles outside a seller’s control — is invaluable.

Keep ReadingShow less

Is It Time To 'Buy The Dip' On Investment Condos?

Is It Time To 'Buy The Dip' On Investment Condos?
Shutterstock

This article was written and submitted by Cameron Levitt, a Toronto-based real estate agent with RE/MAX Hallmark who writes about housing dynamics, market trends, and the Canadian economy.

A recent CMHC report titled "Is Toronto's condo market downturn a repeat of the 1990s?" points to a possible future rebound as new supply has essentially stopped. The argument is straightforward: With no new projects breaking ground today, the eventual shortage could drive another wave of appreciation tomorrow. That thesis is the foundation for many to ask and question whether or not it's time to buy investment condos.

Keep ReadingShow less

Ontario Real Estate And Development Industry Hires And Promotions: September 2025

Ontario Real Estate And Development Industry Hires And Promotions: September 2025
Clockwise from top left: Eric Plesman, Eric Lombardi, Kiran Marok, Jacob Cohen, Ana Bailão, and Ariel Rososhansky

Like our ever-changing cities and towns, Ontario's real estate and development landscape (and the people who make it run) are also ever-changing. From new hires and retirements to promotions and partnerships, here are all the notable moves you should know about from September.

Notable moves from last month include Ana Bailão being appointed inaugural CEO of Build Canada Homes, Jacob Cohen being promoted to President of The Daniels Corporation, Eric Lombardi joining Build Toronto as Chair, and Eric Plesman rejoining Oxford Properties Group as President and CEO.

Keep ReadingShow less
Ontario Real Estate And Development Industry Hires And Promotions: September

Op-Ed: Building The Future On A Foundation Of Truth

Op-Ed: Building The Future On A Foundation Of Truth
Releasing the Truth and Reconciliation Guide at an event at Northcrest Development’s YZD Experience Centre. From left to right: Warren Sault, president and CEO of Mississaugas of the Credit Business Corporation; Carolyn King, Shared Path board chair and former chief of the Mississaugas of the Credit First Nation; Richard Joy, ULI Toronto’s executive director; Bob Goulais, president & senior principal at Nbisiing Consulting Inc/Garcia Creative

This piece was written and submitted by Carolyn King, President & Board Chair of the Shared Path Consultation Initiative, and Richard Joy, Executive Director of ULI Toronto.

The places we design, build, and live within are more than bricks and mortar — they are expressions of our values. For too long in Canada, our communities and their built environment have been shaped without fully recognizing and meaningfully engaging the rights, histories, and voices of Indigenous Peoples. That must change.

Keep ReadingShow less

Meet The Agent: Stefany Marin, Century 21 Signature Service

Stefany Marin, Century 21 Signature Service

Welcome to Meet the Agent, an ongoing series profiling real estate agents from across Canada. With more than 150,000 agents, brokers, and salespeople working in 75 different boards and associations across the country, we thought it was about time they had a place to properly introduce themselves.

If you or someone you know deserves the same chance, email agents@storeys.com to apply.

Keep ReadingShow less

How Innovation Districts Keep Universities Resilient Amid Funding Woes

How Innovation Districts Keep Universities Resilient Amid Funding Woes
Rendering from York University's 'Keele Campus Vision and Strategy'/yorku.ca

Ontario universities have long faced funding challenges, and public underfunding and domestic tuition freezes tend to lead to a reliance on pricier international student tuitions. But as international student numbers dwindle due to the implementation of lower immigration targets, universities must find innovative ways to boost revenue — while continuing to deliver world-class services to their students and communities.

One asset institutions are increasingly using to provide an avenue for long-term resilience and revenue is land. More specifically, developing institutionally owned lands in a transit-oriented, mixed-use fashion that promotes investment from a diverse array of industries. Enter: innovation districts.

Keep ReadingShow less
Privacy PolicyAbout UsTerms of UseAdvertise with UsJobsContact UsRSS Feed
2025 © STOREYS Publishing Inc. | All Rights Reserved