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Strata Water Deductibles in BC Are Rising — Are You Covered?

Admin Team

27 Feb 2026 — 1 min read

Across British Columbia, strata corporations continue increasing their water damage deductibles. It’s not uncommon to see deductibles of $100,000 to $500,000. If a water loss originates from your unit, you may be assessed for the strata’s deductible.

Many condo insurance policies were not built with today’s higher deductibles in mind.

Strata Water Deductible Buy-Back (WDBB) Is Now Available

This excess coverage option helps bridge the gap when strata deductibles exceed your condo policy’s deductible assessment limit. Quotes are fast and simple.

How It Works

Your condo policy responds first
Your deductible assessment limit must be paid in full
Additional water coverage (if purchased) responds
WDBB covers the remaining eligible portion

There is no additional deductible under WDBB.

Coverage Summary

Available Limits: $25,000–$500,000
Requirement: Minimum $25,000 deductible assessment coverage

Does not cover earthquake, flood, rental income, ALE, or fire unless approved.

Why This Is Important

Strata deductibles are increasing rapidly. Without adequate limits, owners could face substantial assessments.

If you’re unsure about your current deductible assessment limit, our team at Tri-City Insurance can help review your coverage and discuss whether WDBB is appropriate for your situation.

Condo Owners in Squamish: Are You Protected Against Rising Strata Water Deductibles?

Across BC, strata corporations are significantly increasing water damage deductibles. Many buildings now carry deductibles of $100,000 or more. If a water loss originates from your unit, you may be responsible for that deductible amount. Unfortunately, many condo policies still carry lower deductible assessment limits. That difference can leave

Water Deductibles Are Increasing — Is Your Condo Policy Prepared?

Strata water damage deductibles across British Columbia have been steadily rising. In some cases, they now exceed $250,000. When a water loss originates from a unit, that unit owner may be assessed for the strata’s deductible. Many condo policies do not automatically adjust to reflect these higher amounts.

Strata Water Deductibles Are Climbing — Is Your Condo Coverage Keeping Up?

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