Excess Loss Assessment/Deductible Coverage for Water Damage and Sewer Backup Claims


There has been a high frequency and increasing severity of natural catastrophes around the world in the past few years, affecting the global insurance market. Coupled with increasing water damage claims and repair costs, insurers are increasing water damage and sewer backup deductibles on the Strata Corporation's Insurance.

As a unit owner, you can be held responsible to pay these high deductibles.

You can purchase deductible assessment insurance under your personal condominium unit owners insurance. However,in many instances, this is capped at $25,000 to $50,000, which may not be enough to keep up with the increasing Strata Corporation deductibles.

Through Acera Insurance (formerly CapriCMW), you can increase your personal deductible assessment coverage up to $250,000*.


Strata Corporation's Water Damage Deductible


Deductible Assessment Coverage Under Unit Owner's Condo Policy


Gap to be Paid by Unit Owner



Our excess coverage will increase your limits available should you be assessed the strata deductible.

Please note: To be eligible for coverage, a current annual lease is required for any units being rented out.
Our excess coverage will increase your limits available should you be assessed the strata deductible. This coverage is in excess of your primary unit owners policy, and will only be triggered once the underlying policy pays out.

*If a limit higher than $250,000 is required, contact an Acera Insurance advisor.

Get a Quote and Apply Now

Protect yourself with Deductible Coverage. Start with an online application form and get a quote.

Personal Insurance Resources

Personal Insurance / Small Business
Insurance Implications of a Side Hustle

As inflation and interest rates remain at the highest levels seen in decades, many Canadians have been exploring different options  to for supplementing their income. If you are planning to begin taking on freelance or part-time work alongside your…

Oct 12th, 2023 | By: CapriCMW
Personal Insurance / data breach, cybersecurity, cybercrime
How Safe is Your Password?

Cybercrime is more rampant than ever before - attacks are growing in sophistication year by year with the potential impact on victims becoming more severe and widespread. It is predicted that the damage caused by global cybercrime  will cost $10.5…

Mar 6th, 2023 | By: CapriCMW
Personal Insurance / Real Estate, Property Management, Strata Corporation, property development
New BC Regulations to Increase Minimum Contributions for Contingency Reserve Funds

As of November 1, 2023, new regulations will come into effect that increases the minimum amount developers and strata corporations in BC are required to contribute towards contingency reserve funds.

Feb 16th, 2023 | By: CapriCMW