Coastal condominiums typically allocate 50% of the budget to insurance premiums. Property coverages are the largest expense in our Condominium Association’s risk management programs. We are happy to see a stabilization occurring in the property market. For more information, see our Fall Coastal Property Market update here. Liability coverages are continuing to see increases in…
Community Association cyber risk is lower than other industries, but it still presents a risk to associations everywhere. Kevin Davis Insurance Services provided the four most common cyber risks to associations: Cyber Crime – Loss of Community Association Funds Ransom Demands – Extortion payments to restore access to the data Data Breach – Loss of…
We know you’re preparing budgets for the Board to consider and homeowner envelopes to send your budget to all for review. What else goes in your budget mailer? Winterization Reminders Risk Management Tips Reminders to purchase unit owner or homeowner insurance Clarification of insurance deductibles and who will be responsible to pay them (per the…
In 2021, Deeley shared news of the changes to NFIP‘s risk rating system for flood insurance. “Risk Rating 2.0” took into account a number of new variables to establish rate, the most prominent being: Flood frequency Flood type (e.g., river overflow, storm surge, heavy rainfall and coastal erosion) Distance between a property and water source…
Floods are among the most common and costly natural disasters in the United States. Flooding from heavy rain or overflowing waterways can cause severe damage, even outside designated flood zones. So it’s important to understand your risk and prepare your property. Know Your Risk Use these tools to help assess how vulnerable your home may…
BENCHMARKING DEADLINE EXTENSION – Updated Aug. 29, 2025: The State deadline for building owners to submit benchmarking reports and exemption forms has been extended through Sept. 30, 2025. If additional time is needed beyond September 30, you can notify the MDE team by sending an email to beps.mde@maryland.gov with the subject line “BEPS Benchmarking Report…
CO is produced by the incomplete burning of solid, liquid or gaseous fuels from household items such as furnaces, ranges, water heaters and fireplaces. If these items are used or installed improperly, dangerous levels of CO can escape into the air and cause illness. That’s why it’s crucial to have a CO detection system within…
In order to get a mortgage on a condominium, the condominium association has to have sufficient insurance. Unit owners are tasked with getting a certificate of insurance from the insurance agent and providing it to the mortgage company on an annual basis. Mortgage companies have gotten stricter with their requirements. Now lenders provide lists of…
Spring is here! Use this checklist to preserve the beauty, functionality, longevity, safety and value of your community. Check stairwell, walkway and balcony hand rail connections. Make sure they are tight. Change HVAC filters to keep energy costs down. Make sure that HVAC supply vents are cleared of obstructions. Test your smoke and carbon monoxide…
3 Key Forces Driving Commercial Lines Costs in Spring 2025 We were hopeful heading into this year that the market would stabilize. Increases were going down and we saw a few premiums that were flat from 2024. The reinsurance renewals in January were what the carriers expected. Nationwide has named three key factors impacting commercial…
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Client Support Team
Deeley Insurance Group
You are about the leave our site and submit the information to pay your bill. A licensed agent from our team will need to process your payment to make it official – we cannot bind coverage via web request. Let us get to work for you. Want to talk? Call us. 410-213-5600
Client Support Team
SCD Intermediaries
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