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Community Associations Network
- April 8, 2015
11 views 34 sec

Section 11-114 of the Maryland Condominium Act provides that Condominium Associations must maintain property insurance on the entire condominium including units, excepting improvements and betterments installed by the Unit Owner. Any deductible in the Master Policy is a common expense with one exception. The Association may recover up to $5,000 of its deductible from a […]

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FEATURED
Community Associations Network
- April 6, 2015
10 views 34 sec

Recently, a broker e-mailed me with a question I had not yet heard. A homeowners’ association was seeking to equip security guards with body cameras. She asked, does this impact the guard firm’s liability and, if so, how?  Body cameras have quickly become a hot-button issue for law enforcement and policymakers, and now they are […]

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FEATURED
Community Associations Network
- April 4, 2015
10 views 20 sec

The residents of a condominium complex near Hornby and Beach have been told that having a medical marijuana dispensary in their building will mean the cancellation of the building’s insurance, one of the condo owners said Thursday.   Read more

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FEATURED
Community Associations Network
- April 2, 2015
10 views 40 sec

Rising claims for water damage in condo buildings and inadequate regulation have led insurance companies to refuse new clients or demand higher premiums for coverage, adding fuel to concerns about quality in Canada’s fastest-growing housing segment.  In March, Aviva Insurance Company of Canada stopped taking on new business from condo corporations in Quebec, citing rising […]

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FEATURED
Community Associations Network
- March 18, 2015
13 views 45 sec

It is becoming more and more common place. A condominium association has a few claims on its insurance policy over the years and premiums start to rise. In order to purchase affordable casualty insurance to cover the common elements and the portions of the units the association is obligated to insure per the governing documents […]

Owner
28933 POSTS
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