C$1M vs C$2M Tenant Liability
The liability limit is the maximum amount available for covered liability claims under the policy, subject to the policy terms. A higher limit changes the ceiling — it does not double every other part of tenant insurance.
What personal liability coverage is for
IBC describes personal liability as coverage that can respond, up to the chosen limit, to amounts the insured must pay when successfully sued for covered bodily injury or property damage, including covered defence costs.
For a tenant, examples can include certain accidental injuries to visitors or accidental damage for which the tenant is legally liable. The actual policy wording controls whether a particular claim is covered.
IBC — Types of home coverage →What changes from C$1M to C$2M?
The obvious change is the maximum liability amount available for covered claims. A C$2 million limit provides a higher ceiling than a C$1 million limit.
It does not automatically increase your contents coverage, additional living expense limit or special limits for categories such as jewellery. Those are separate parts of the policy.
Do not compare liability limits in isolation
Two policies can both show C$2 million liability and still differ in deductibles, contents limits, additional living expenses, exclusions, endorsements and insured-person definitions.
What should a renter check?
Does the tenancy agreement specify a minimum liability limit?
Confirm the liability limit actually purchased.
Do not assume every roommate is automatically covered.
Contents and living-expense limits should be reviewed separately.