Specifying that the council of unit owners' property insurance deductible is a common expense if the cause of any damage to the condominium originates from an event outside the condominium units and common elements; increasing, from $5,000 to $10,000, the maximum amount of the council of unit owners' property insurance deductible for which a unit owner is responsible; applying the Act to all policies of property and casualty insurance issued, delivered, or renewed in the State to a condominium council of unit owners; etc.
Bill File Type: Regular
Effective Date(s): October 1, 2020
( 11-114 )
Last Updated: 9/22/2020 2:53 PM