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Check Your Liability Insurance Coverage for Water Damage

Dan Campbell
Publication date:
July 15, 2022
Article Summary: 

The article advises condominium owners to check their personal insurance policies to ensure they are adequately covered for water damage liability. In situations where a water loss from a unit causes damage to the common elements and other units, the condominium corporation's insurance is subject to a deductible that can be quite high, often reaching $50,000. Simultaneously, insurance policies for individual units may have caps on coverage for deductibles, commonly set at $25,000. This means that owners whose units cause the loss could be personally responsible for up to $25,000 in damages. The article urges owners to review their liability coverage with their insurance broker or agent and to inspect their units regularly for possible sources of water damage, such as aging hot water heaters, to prevent potential losses.


Condominium, liability insurance, water damage, deductible, insurance policy, coverage, common elements, unit, hot water tank, plumbing, prevention.

Source Citation: 
Dan Campbell
Check Your Liability Insurance Coverage for Water Damage
July 15, 2022
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