Condominiums - Responsibility for Property Insurance Deductibles
What this bill does
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.
Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.
Testimony (10)
MGA witness list| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Gelfound, Staci | FirstService Residential | Oral |
| FAV | Manougian, Robin | John Manougian Insurance Agency | Oral |
| FAV | Graham, Scott | Maury Donnelly & Parr | Oral |
| FAV | Castelli, Bill | Md Realtors | Position only |
| FAV | Evans, Melissa | Md Realtors | Position only |
| FAV | Eaton, Tammy | Queen's Landing Council of Co-Owners, Inc. | Oral |
| FAV | Valeri, Barbara | The Towers at Harbor Court Condominium Association | Written (PDF) |
| FAV | Wilson, Craig | Vanguard Management Associates, Inc. | Written (PDF) |
| FAV | Senator West, Senator Westlegislator | Individual | Oral + Written (PDF) |
| FAV | Wilson, Craig | Individual | Oral |