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Alberta Condominium Owners Could Be On The Hook For $50,000 In Deductible Costs

Leibel Insurance Group

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New rules that have come into effect at the beginning of 2020 mean that Alberta condominium owners can now be held financially responsible if damage is caused within their unit. As of January 1st, 2020, condominium corporations can pursue recovery of the deductible portion of the corporation’s insurance claim, which can reach a maximum of $50,000 from the condominium owner for damage that comes from their suite. The new regulation was put in place in order to hold individual owners accountable for damage and prevent others from having to pay for someone else’s negligence.

That means that if something happens in your condominium, like a pipe burst where there is water loss, and that water damage extends to the floors below – there may be a deductible up to $50,000 that the condominium owner will be responsible for. The owner may be held responsible for paying the corporation’s deductible amount, despite the fact that there isn’t any proven negligence on their part.

The most common example is when someone is smoking on their balcony and they seemingly put the cigarette out, but then the next thing they know is that their balcony is being engulfed in flames and, sometimes, other balconies as well. In this instance, because the fire originated in the owner’s unit or the area that they own/are responsible for, the condominium corporation will be able to go after that owner for the deductible, which they would be paying. They wouldn’t have to prove any negligence from the owner’s part, just that the fire originated from the unit.

Q: What will Leibel Insurance be doing to address this?

A: Our strategy will as follows:

  1. We have requested lists from our insurance carriers to determine which clients do not have increased limits and do qualify for the appropriate coverage
  2. We’ve reached out to all those who have been impacted and are eligible for the increased coverage to review their options and give them peace of mind
  3. We’re ensuring both new and existing customers are well informed of the potential risks they face if declining this coverage.

At Leibel Insurance, we want to make sure that our clients are aware of any changes within the real estate industry that may directly impact them. We know that insurance can be complicated and we do our very best to make it simple. Our experienced brokers help you make sense of your insurance, helping you save time and money.

If you’re a condominium owner and your broker hasn’t reached out to you, are they really protecting your best interests? If you want to work with a broker that truly has their clients’ best interest in mind, not the insurance companies, give us a call at 1-866-484-8880 or visit us online at to get started.

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