Do you really need personal liability insurance in Australia, yes you need it as it is included in home contents $300 to $600 per year for $20M public liability and is essential to protect against claims $100K to $500K if you cause injury or damage to others. Personal liability insurance, also called public liability or legal liability, covers if you accidentally injure someone or damage their property, such as dog bite $50K claim, child injures neighbour, water leak from your flat damages neighbour $20K, or you cause car accident as pedestrian $100K. Home contents insurance includes $20M personal liability for $300 to $600 per year for $30K to $80K contents, covering legal costs $50K to $100K and compensation $100K to $500K. Without it, you pay out of pocket $100K to $500K which can bankrupt. For example, if your dog bites visitor $30K medical, liability covers. For renters, contents $200 to $400 per year includes $20M liability for rental damage $10K to $50K and injury. For vacant land, liability $200 to $500 per year for $20M essential. So you really need personal liability insurance, costing $0 extra as included in contents $300 to $600 per year for $20M, protecting against $100K to $500K claims, with $20M cover standard, and without it you risk large out of pocket loss, so yes essential for homeowners, renters and land owners.
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