The Maryland Legislative Action Committee (MD-LAC), along with sponsors Del. Dana Stein (D – District 11) and Sen. Chris West (R – District 42) introduced House Bill 108 and Senate Bill 175, to increase a condominium unit owner’s deductible responsibility from $5,000 to $10,000 if a casualty loss originates in a unit or from a component that services only that unit.
CAI and MD-LAC are pleased to announce that the bills were overwhelmingly approved in the House and Senate and will become law effective October 1, 2020. CLICK HERE TO SEE THE LEGISLATION