An insurance deductible is money that must be paid to the insurer before the insurer will pay out any expenses for a claim. If damage for a claim originates in or from an owner’s unit (or owner’s exclusive possession area), then the condominium corporation can claim back an insurance deductible from the owner, up to a maximum of $50,000. In such a situation, the owner is “absolutely liable” to the corporation on demand by the corporation. This means that whether or not there was any proven negligence, the owner is liable for the corporation’s deductible. For example: there is water damage to a condominium building that came from an owner’s unit. The condominium corporation can only make the owner liable for the deductible limit up to $50,000. If the deductible is $15,000, then the owner is liable for $15,000. But if the deductible is $75,000, then the owner is only liable for $50,000 (the maximum amount).