Public liability is insurance that covers the landlord in the event of a slip and fall injury or death at the rental property.
It is a best practice that all owners have a minimum of $10 million public liability insurance cover.
If you fail to have an up-to-date public liability insurance cover policy, and the renter or a guest enters the property and injures themselves (or, in the worst-case scenario, fatally passes away due to a lack of repair); your assets could be at risk should a lawsuit be brought against you, which can amount to hundreds of thousands or millions of dollars in compensation.
In accordance with our management agreement terms, we must hold an up-to-date copy of your public liability insurance certificate.
Please take a moment to review your insurance coverage to ensure you are protected. In most circumstances, your landlord or building policy insurance will include public liability.
It is important that we hold a copy of this insurance cover on your property file and that it is kept up-to-date.
Please forward a copy of this insurance cover certificate to our agency if you have not already done so.
Feel welcome to contact us to discuss any questions you may have.
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