Legislation
- Title
- Condominiums - Responsibility for Property Insurance Deductibles
- Sponsored by
- Senator West
- Status
- Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 57
- Analysis
- Fiscal and Policy Note
Synopsis
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.
Committees
- Opposite:
- Environment and Transportation
Committee Testimony
Details
History
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Statutes
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Last Updated: 9/22/2020 2:53 PM