Are you properly covered for
Water Damage?

Ask us about our exclusive 'Loss Assessment Excess Water Damage Deductible' policy.

Are you properly covered for Water Damage?

Ask us about our exclusive 'Loss Assessment Excess Water Damage Deductible' policy.

What is Loss Assessment Excess Water Damage Deductible?

A loss assessment excess water damage deductible is the amount a condo unit owner may be assessed by the Strata Corporation if water originates from the unit owner causing damage to their own unit and/or adjoining units.

Residential condominium buildings may have high water damage deductibles — the coverage provided by the primary policy may not be sufficient.

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Who does a Loss Assessment Excess Water Damage Deductible policy benefit?

Owners of Condominium units that are owner occupied, used seasonally or units they rent to others.

What does a Loss Assessment Excess Water Damage Deductible policy provide?

A Loss Assessment Excess Water Damage Deductible policy offers excess coverage up to a maximum of $500,000 over and above the unit owner’s water deductible limit on their condominium unit owners policy.

Example

A strata building policy may have a water damage deductible of $100,000, while the unit owners primary policy may only carry coverage for up to $75,000, leaving a $25,000 gap.

STRATA BUILDING POLICY

$100,000

INSURED’S PRIMARY POLICY

$75,000

COVERAGE SHORTFALL

$25,000

The shortfall of $25,000 may be the unit owners responsibility. The loss assessment Excess Water Damage Deductible policy can cover the shortfall in the unit owners policy.

NOTE: It is important the unit owner is aware of the Strata Corporation policy deductibles, including their unit owner policy deductibles.

ASK US!

Ask one of our Advisors for recommendations on how to prevent a gap in coverage.

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WHAT OUR CUSTOMERS HAVE TO SAY

All the staff at your office always provides the highest standard of performance of any business I deal with.

Wilf Zemke

We are delighted with the personalized service you provided us in tailoring our insurance package to our needs and went out of your way to direct us to savings options, including the credit score discount!

Don & Judy Pohl

Five Stars
In all the years of dealing with insurance companies, I have never been treated so exceptionally well before! Shari Kidney made my experience amazing, she was extremely helpful, kind, and professional. She made a normally stressful task, quick and easy. Absolutely excellent customer service, I left the office feeling like I mattered and I highly recommend the Johnston Meier Group! Thank you Shari.

We've been with this company over 20 years for business, residential and auto coverage. Trustworthy, top level service year after year from knowledgeable, courteous staff. Absolutely recommend for all types of insurance.

Patti & John Donnelly

Jopa Builders Ltd.

Purchased our Travel Medical from Sue..she was extremely helpful at explaining our options. Then moved our Home Insurance to JM after speaking with Rina. Very professional! Felt that she was clearly acting in our best interest as she reviewed our policy options.

Ted & Linda Voykin

We've used the Johnston Meier Mobile department since opening Maple Ridge Hyundai. We can always rely on them to provide our customers and staff with quick efficient service and highly recommend them.

Karen Souza

Finance Manager

I have been through a series of moves including building a new house, furniture in storage, renting for a short period, etc. Colleen at your Salmon Arm office took care of all the steps along the way, explaining everything and following up as necessary. Thanks!

Irene Rogers

We appreciate Trish's professional expertise & trust her to ensure we have the proper coverage for our needs. Thank you for years of keeping us safe.

Mick & Joyce Godwin

Johnston Meier Insurance Agencies Group goes the extra mile to ensure their clients are truly taken care of. The staff gives us a lot of personal attention, and we certainly recommend the insurance agency to everyone.

Doug & Yvette Schwartz

Contact Us with Questions or to Request a Quote

Let us know if you would like more information before visiting one of our locations. Someone from the closest office with the right experience will contact you to help with your questions.

Don’t worry – we won’t use your contact information for anything other than replying to your request.

Let us know if you would like more information before visiting one of our locations. Someone from the closest office with the right experience will contact you to help with your questions.

Don’t worry – we won’t use your contact information for anything other than replying to your request.

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