Community Association Advisor

No Trespassing in Ocean City

The Ocean City Police Department (OCPD) is urging residents, communities, and business owners to join the Trespass Enforcement Authorization Program (TEAP). During evening and nighttime hours it is difficult for law enforcement to reach managers and homeowners in order to get permission to enforce laws on private property. This program will authorize the police to…

Directors & Officers Insurance Trends for Community Associations

In this highly unpredictable year, many unusual factors are affecting insurance. As your partner, we want to keep you informed of industry trends we’re seeing, especially when they’re relevant to Community Associations and Boards of Directors planning your budgets for 2021. Kevin Davis Insurance offers three reasons why D&O premiums are increasing this year. COVID–19…

Association Risk – Liability Exclusions for Communicable Disease

Community Association Institute has counseled associations Owners, Board Members and Managers to review the policies to see how they will respond to a claim involving COVID-19. Unfortunately, policies may not be clear on what is covered, but an exclusion clarifies these situations. When reviewing both General Liability and Directors & Officers Liability policies, be sure…

Maryland Condominium Act Update – Unit Owner Responsibility for the Deductible Increases

An amendment to the Maryland Condominium Act, passed during the 2020 session of the Maryland General Assembly, will take effect October 1, 2020. Currently, the association can charge up to $5,000 of the master policy deductible to the unit owner where damage originated. The new amendment will increase that cap to $10,000 of the deductible.…

2020 Flood Facts & NFIP Updates

Flood News The National Flood Insurance Program has been authorized through Sept. 30, 2020. At that time, we expect another short-term extension. As of April 1, 2020, the National Flood Insurance Program will have the following changes: Rate increases on average of 9.9% The Reserve Fund Assessment will increase from 15% to 18% per policy…