Real Property - Condominiums - Responsibility for Property Insurance Deductibles

This bill changes Maryland law to require condominium unit owners to pay up to $20,000 of insurance deductibles when damage originates from their unit (e.g., a fire caused by a unit owner's negligence). Previously, the limit was $10,000. If the deductible exceeds $20,000, the condominium association covers the remaining amount as a common expense. The bill also mandates that associations annually notify unit owners in writing about their deductible responsibility and the specific amount. This directly affects unit owners whose actions cause damage and condominium associations managing insurance costs.