Strata Earthquake Deductible Assessment Insurance

Many strata unit owners are unaware of how high the earthquake deductible on their Strata Corporation’s insurance policy can be. Often it can be into the millions of dollars. In the event of an earthquake, the strata corporation’s earthquake deductible would be divided among all unit owners. This creates your client’s portion of the Strata earthquake deductible, which will be assessed to them by the strata. This amount may not be adequately insured under their own Condominium Insurance policy. Strata Earthquake Deductible Assessment insurance can be purchased to cover the earthquake deductible assessment amount providing your client peace of mind that they will not be placed in a strained financial position when disaster strikes.


Here is an example of how Strata Earthquake Deductible Assessment Insurance can benefit your clients:


Description Coverage Limits Deductible
15% Strata Corporation Earthquake Deductible A. Strata Corporation Building Limit

B. Earthquake Deductible

C. Number of Unit Owners in Strata

A. $10,000,000

B. $1,500,000

C. 25




Coverage benefits of Strata Earthquake Deductible Assessment Insurance:

  • Flexibility — clients can purchase between $25,000 and $100,000 in coverage

  • Client portion of the Strata Corporation’s Earthquake Deductible becomes stress free

  • Standalone policy with a simple application

  • Clients can buy-down their assessed Strata earthquake deductible to as low as $1,000

Application Form

If you have any questions or would like to forward a submission, contact our Niche division at