Condos

When it comes to condominium insurance, one question drives nearly every claim dispute: “Whose policy pays?” The answer depends on how the condominium association’s master policy interacts with each unit owner’s individual coverage—a relationship that is often misunderstood. The Three Master Policy Types Why It Matters These distinctions become critical after a loss. Misunderstandings often …

Condo Insurance 101: Why Understanding Coverage Overlap Matters Read More »

On October 1, 2023, a revised version of Maryland’s Condominium Act went into effect, with changes to insurance responsibilities surrounding detached condominium units. Under the previous version of Maryland’s Condominium Act, a council of unit owners was required to maintain comprehensive property insurance on all common elements and all units, exclusive of improvements and betterments. …

Maryland Amends Insurance Requirements Under Condominium Act Read More »

Condominium claims can be challenging, even for experienced adjusters.  Condo losses regularly involve building exteriors, decorated common areas, multiple units, and other insurers. Depending on the areas of the condo damaged, an incident could implicate multiple insurance policies at the same time. When considering condo claims, unit owners and associations will typically review multiple property …

“Other Insurance” Issues in Condominium Claims Read More »