Bill > SB446

This bill modifies Maryland law regarding property insurance deductibles in condominiums by increasing the maximum amount a unit owner is responsible for from $10,000 to $25,000 when damage originates from their specific unit. Under the new provisions, if damage to a condominium is caused by a particular unit owner's unit, that owner will be financially responsible for up to $25,000 of the council of unit owners' property insurance deductible. The bill requires the council of unit owners to annually inform each unit owner in writing about their potential deductible responsibility and the specific amount. If the deductible exceeds $25,000, the remaining cost becomes a common expense shared by all unit owners. The council can also make an annual assessment against the responsible unit owner for this expense, following existing legal procedures. This change aims to more fairly distribute the financial burden of property damage within condominium complexes by holding the originating unit owner more accountable for damage stemming from their unit. The bill is set to take effect on October 1, 2025.

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https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0446?ys=2025RS