New Condo Law Increases Unit Owner Deductible
House Bill 108/Senate Bill 175, signed into law earlier this year, amends the Maryland Condominium Act, increasing from $5,000 to $10,000 the maximum amount of a condo association’s property insurance deductible that a unit owner is responsible for when the cause of damage to the condo originates in his/her specific unit. The condo association is […]
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