Condominiums - Property Insurance Deductibles - Unit Owner Responsibility

SB 446 increases the maximum deductible amount unit owners must pay when damage originates from their unit, raising it from $10,000 to $25,000. The bill requires condominium councils to annually notify each unit owner in writing about their deductible responsibility and the specific amount. Any deductible cost exceeding $25,000 becomes a common expense shared by all owners. This change directly affects residential condominium unit owners in Maryland whose units cause damage, modifying how insurance deductibles are allocated after covered incidents. The law takes effect October 1, 2025.