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Updated almost 2 years ago,

Gurjot Grewal's profile image
Gurjot Grewal's profile image
Gurjot Grewal
  • New to Real Estate
  • from Vancouver, British Columbia
  • Member since Feb 27, 2022
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User Stats

157
Posts
86
Votes
Gurjot Grewal's profile image
Gurjot Grewal's profile image
Gurjot Grewal
  • New to Real Estate
  • from Vancouver, British Columbia
  • Member since Feb 27, 2022
Connect
Gurjot Grewal
  • New to Real Estate
  • Vancouver, British Columbia
86
Votes |
157
Posts
Starting Out

Is 500k liability enough?

Gurjot Grewal
  • New to Real Estate
  • Vancouver, British Columbia
Posted

Having a hard time finding a policy that covers sump/water backup, but I found one at an okay price. The only problem is the liability coverage is max at 500k. I'm buying with a LP/Corp structure, not a LLC. Unsure if this would change anything. This is the first property that I own. I'm from Canada. Is this enough coverage?

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