2025 CAI Maryland Legislative Session Report

Community Associations Institute (CAI) Maryland Legislative Action Committee (MD LAC) spent the 2025 legislative session advocating on behalf of the approximately 1,062,000 Marylanders living in 406,100 homes in more than 7,100 community associations across the Old Line State. Maryland’s 2025 legislative session began on January 8 and adjourned April 7. In the House, MD LAC supported…

Navigating Insurance Pressures in Today’s Condo Market

Rising property insurance costs continue to present challenges for community associations across the country. New data from the Foundation for Community Association Research underscores what many homeowners, boards, and community managers are experiencing: higher premiums, fewer coverage options, and more complex compliance requirements, especially in the condominium housing market. According to the Foundation’s recent Insurance…

Replacement Cost Value and Your Mortgage

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…

Beautiful Waterfront Homes At Sunrise In Summertime

Managing Common Risks for Condominium and Community Associations

Condominium and community associations carry out several essential tasks and responsibilities, such as ensuring the facilities are maintained properly or managing the budget appropriately. However, these entities also face numerous risks. As such, they need to be aware of their exposures to enhance community safety and financial stability. Common Risks Common risks condominium and community…

Aerial view of Rehoboth Beach, Delaware

Condos & Coastal Property – Mid-Year 2024 Insurance Market Outlook

What We’re Seeing Locally Coastal property is continuing to take increases in property rates, but the increases are trending lower than the 2023 increases. Properties that are claims-free and well-maintained are experiencing between 5-25%. Carriers are offering full coverage limits or additional coverages and lower deductibles for some risks. Wind coverage has been easier to…

Hurricane Season at the Beach: What to Know and Where to Go

The Atlantic Hurricane Season is from June through November. The Town of Ocean City closely monitors all tropical storms and stays in touch with the National Weather Service during any pending storms. Hurricane Watches and Hurricane Warnings are issued by the National Hurricane Center in Miami. A WATCH is issued for an area that could…

A sign directs hurricane evacuees to safety.

5 Things to Know About Updating Your Insurance for Hurricane Season

The Atlantic Hurricane season runs from June 1 to November 30. It’s time to review your insurance coverages to ensure you’re protected financially against hurricane-related losses. Here are five things to consider: Don’t wait until it’s too late—Check your insurance policies well before the storm to see what is and is not covered. Know your…

Man holding cookie for his pet labrador retriever.

Assistance Animals: A Potential Exception to Your Association’s “No Pets” Policy

Requests for assistance animals are one of the most common types of accommodation requests. In fact, in January 2020, the United States Department of Fair Housing and Urban Development (HUD) reported that 60% of all Fair Housing Act (FHA) complaints arise out of the denial of a request for reasonable accommodations and disability access. Of…