I want to buy a policy to cover the inside in case of damage and also to have a liability policy to protect me in case someone gets injured.  

If everyone had the right to cancel leases due to family issues then no leas in this world would be worth the paper they are written on.We own several apartments and once in a while a tenant gets injured severely, or they get terminal cancer that incapacitates them.

Should a tenant get injured, or if someone’s visiting your tenants gets injured, the renters insurance will pick up the liability (normally around $100k coverage) before they attach to your homeowners liability coverage. 

You could face significant liability if someone is injured by an improperly-assembled cabin.

You're never going to be injured by learning more about what you're doing.

It has the same effect but gets around the nonsensical outcome of the LTB in effect forcing you to grant a permanent discount regardless of whether the work is performed.This does not address the question of what happens if the tenant is in your employment and is injured.

This probably isn't going to be an issue on your first deal, since you don't have very much to protect yet.Residential loans usually have lower rates and longer amortizations, but they tie your personal name to the property, opening you up to potential lawsuits from unhappy or injured tenants.

Lawsuits are possible either way, if you have window guards and a family is trapped in a fire, or if you don't have window guards and a child is injured or killed.

I read in the local papers of this controversy, as recently as this year, about zombie homes, where the foreclosing bank would not record change of ownership because they don't want to be responsible for liabilities as legal owners of the property such as slips and falls, squatters being injured.

Even a small dog can bite and injure someone.