2 Million Dollar Liability Insurance Canada

For auto insurance, what do you guys have by way of 3rd party liability coverage? For a while now, insurance companies are offering either $1 million or $2 million coverage. According to Belair Direct, 80 percent of Ontario drivers still pick $1 million liability insurance. For me, opting for $2 million will cost 12% more. I'm trying to decide which one to go with and am interested in hearing .... In Ontario, my insurance renewal is $1780, but through a group rate at work with a different company, I was quoted $1594. It's only a savings of $186. That was for 1 million in liability. For 2 million it's $1909 vs $1645. A savings of $264. What does this subreddit think of 1 million vs 2 million in liability?. Standard practice for insurance companies and insurance brokers in Alberta is to recommend $1 million in third-party liability coverage in an automobile insurance policy. As a personal injury law firm, we urge you not to default to this standard practice, but rather purchase $2 million or more in third-party liability insurance.. Just bought a new home and looking at my insurance options. I am thinking of signing up with the Co-Operators. For $22 more a month I can increase my liability insurance on my home from $1 million to $2 million..

What's the difference between $1 million and $2 million liability? The option to purchase $2 million in Third Party Liability Coverage is an excellent choice available to protect you and your family against the cost of damages you may be liable for. For instance, if you are covered for $1 million liability, and if there is a settlement against you for more than $1 million, your insurance will .... How much does a 2 million dollar liability insurance policy cost? ... What is the average premium for a million dollar liability insurance ... a standard one million dollar liability policy is ....

We have the minimum liability on our auto insurance but a matched liability umbrella policy that ups total coverage to $2 million. We opted for $2 million because we drive in the US several times a year. The umbrella covers both cars and house.. $2 million coverage compared to $1 mill is about $70-150 more per year - a tiny tiny amount. If you bring your car over to the US and get sued for an accident, expect over a million dollar lawsuit..