Getting volunteers to serve on the Board of a Community Association can be difficult. After weeding out the people who may have joined for personal agendas, you are left with a few dedicated individuals who selflessly give of their time, knowledge and energy to run the association. Even with professional management, running a community association…
The insurance renewal is completed, the coverage is procured, and the Board and management let out a collective sigh of relief. Due to market conditions, many communities are changing carriers. When writing new property, or every few years, carriers will send a Risk Inspector out to view what they are insuring and make sure the building…
Condominium associations take on a certain level of risk—it’s unavoidable. Losses related to fires, floods, and other types of exposures are common for organizations of all kinds. To address these concerns, the right insurance policy can prove invaluable, allowing you to transfer risks and focus on running the community. And while insurance carriers will cover…
In Community Associations, there is a Best Practice to not enact any rule you cannot enforce. When contemplating rules for community harmony, Boards and management also must contemplate who will enforce the regulation and what penalty will come to the rule breaker. In October 2023, Maryland Community Associations were required to complete reserve studies and…
In an effort to keep homeowner complaints down to a minimum – you may want to educate the Board and homeowners on the current regulations surrounding personal/recreational use of marijuana. These regulations change from State to State and we have provided a small recap below. An uninformed owner may start making complaints to management or…
What We’re Seeing Locally We’re still in a hard market, but we’re seeing reasons to be optimistic as we progress through 2024. While we’re still seeing premium increases, they seem to be smaller percentages than last year. So far in 2024, we are seeing 15-30% increases versus last year’s 30-150% increases. Increases for habitational buildings…
Community Associations Institute (CAI) released revised guidelines for Reserve Study Standards in May of 2023. The update recommends adding two supplemental reports to reserve studies: A Preventive Maintenance Manual Periodic Structural Inspections These reports would be incredibly helpful to maintain buildings as the Boards and/or Management changes. Maryland, Delaware and Virginia each have reserve study requirements…
FEMA reported that more than 20% of flood claims come from properties outside of flood zones. This means it’s important to take precautions to protect your property before a flood occurs, even if your business is located outside a typical flood zone. Here are some tips to prepare your property for a flood: Create a…
The 2023 Legislative Session in Annapolis has ended and the Community Association Institute MD-Legislative Action Committee (CAI MD-LAC) screened more than 3,000 bills introduced and tracked 87 that were of interest to the Community Association community. Effective Oct. 1, 2023, Maryland HB98/SB403 allows detached condominium units to obtain property insurance coverage as HOAs, with unit owners…
Research scientists at Colorado State University recently updated their projections, and are now expecting “above average” tropical cyclone activity during the 2023 Atlantic Hurricane Season (June 1 – Nov. 30.) Many community associations activate an emergency plan as a hurricane approaches. But just how thorough is yours? Download our Hurricane Preparedness Guide to help keep your family safe…
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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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