What’s new? Starting on October, 1, 2020, the Maryland Condominium Act will allow associations to bill back the Master Policy deductible – up to $10,000 – to the unit owner where the claim originated. Under the current Act, the unit owner could be responsible for a maximum of $5000. What does that mean for your…
In 2019, the Maryland legislature considered increasing the amount that an individual could be charged for a master policy deductible from $5,000 to $10,000. Although the bill had a great deal of support, it did not pass into a law. The Maryland Legislative Action Committee from Community Association Institute (CAI) feels strongly for these bills,…
Who Pays the Master Policy Deductible in MD? The Unit Owner Pays: When the claim starts in their unit As long as the Association tells the owner each year: the amount of the deductible that the owner is responsible for the deductible But the unit owner can only be assessed a maximum of $10,000 The…
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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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