Carrying liability insurance on vacant land in Ontario is not legally mandatory under provincial statutes, but it is strongly recommended for property risk management. If a visitor, trespasser, hunter, or snowmobiler wanders onto your undeveloped plot of land and suffers a severe physical injury due to a natural or man-made hazard—such as an unmarked sinkhole, an old well, or a dangerous tree branch—you can face massive personal liability lawsuits. Vacant land insurance is inexpensive and protects your personal assets against third-party injury claims.
1 votes
Marked as accepted