Condo Buildings and Shared Risk: What You Should Know

In condos, water damage rarely stays in one unit. A single leak can spread through walls, ceilings, and shared spaces — and figuring out who’s responsible is often a legal headache.

Property managers are under pressure to reduce risk. More insurers now require mitigation tools like leak detection or charge higher premiums without them. Water damage is a significant concern for condo owners and property managers. According to a study by the Canadian Institute of Actuaries, water damage accounts for between 60% and 90% of all condo insurance claims, a higher proportion than in single-family homes.

Installing a network of wireless sensors in kitchens, bathrooms, and mechanical rooms offers peace of mind. These systems alert building management to the presence of water, allowing for prompt action to mitigate damage.

Ask us how to install leak detection across your building.