Published February 3, 2021. This article reflects the rules and conditions at the time of writing and may not be current — always confirm against the latest provincial legislation.
In January 2020, new rules came into effect under the Condominium Act, specifically regarding insurance deductibles.
Condo corporations can now seek recovery for a portion of the deductible portion of the corporation's insurance claim — up to a maximum of $50,000. Essentially, you are eligible for the deductible if damages occur with no one at fault. For example, when a toilet explodes and causes water damage or loss, the condo now has access to the deductible.
Further information can be found in the Alberta Condominium Act.