@Ivan MayI think they provide some peace of mind for buyers when the seller pays for them but I imagine many people don't renew their policies once the initial term expires.

Primarily the LTB has a policy not to evict so be very strict with you screen process. 

They won't write the policy.

@Lydia YooI don't know if this is in accordance with BP policy, but can you post the name of the attorney / firm? 

In reality, your deal won't close w/o the town lien being paid off or subordinated because the title commitment for the lender's policy will require it. 

For the sake of the rest of the post I will refer to it as a CFD.The tenant/borrower can obtain an insurance policy which will look similar to a renters policy.

@Duncan TaylorObviously it is a very personal decision when you decide to switch from "just get an umbrella policy" to "I want to spend 5 grand having a lawyer set up some trusts for my massive wealth."

Your broker may or may not have a written policy that addresses an agent who has their own deals.

Ultimately, as a homeowner you view this as a "micro" event--your property destroyed or the 10k too much coverage on your policy.  

The trends are much more powerful than who is president and interest rates policies.