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Daily Archives: September 14, 2016

CAI needs input – Homeowners responsible for the deductible up to $10,000?

Blog, Community Association InsuranceBy Deeley InsuranceSeptember 14, 2016

Currently in Maryland the homeowner of a condominium can be held responsible for the deductible up to $5,000. The deductible is charged to the unit where the claim originates, referred to as the point of origin. This allows the association to pay the deductible if the claim originates on common elements only. Community Association Institute…

How much can you charge for a Resale Package in Maryland?

Blog, Community Association Insurance, Real Estate InsuranceBy Deeley InsuranceSeptember 14, 2016

The fee charged for a resale package has been capped as of October 1, 2016! This is applicable to condominiums and homeowners associations. A resale package can cost $250 or less. Two additional charges over $250 can be added. A fee to rush the package is $50 and an inspection of the unit is $100.…

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