Community Association living is trending! As this lifestyle choice continues to grow in popularity around the world, new communities require Boards of Directors, and Boards require new Board members and Managers. Do you have a recruitment strategy? When you sit on the Board of a community association, you are actually running a business. So when…
Now is the time to do some spring cleaning for your community association. Whiteford|Taylor|Preston compiled a list of routine tasks to tackle in the upcoming months. Committee Charters. You should review and revise committee charters once a year. Committee charters address purpose, scope, authority, organizational structure, and operational guidelines. Reserve Accounts. We recommend that any…
Clients with coastal property should consider securing a rebuild appraisal for insurance purposes. Buildings should be insured for how much it costs to rebuild them, not what they are worth in the resale market. The cost of inflation varies from region to region. Taking a standard inflation increase from year to year could escalate the…
Recently, the Generally Accepted Accounting Practices (GAAP) were updated for the reserve or replacement fund for community associations. In the past, the reserve fund contributions were recognized in the year they were assessed and unspent reserves were reported in a replacement fund balance. As of the fiscal year 2019, the replacement contribution will be recognized…
In 2019, the Maryland legislature considered increasing the amount that an individual could be charged for a master policy deductible from $5,000 to $10,000. Although the bill had a great deal of support, it did not pass into a law. The Maryland Legislative Action Committee from Community Association Institute (CAI) feels strongly for these bills,…
In Maryland and Delaware, managers are not required to have a license to manage a community. The Community Association Institute (CAI) offers classes and designations for managers who complete courses of study. The Community Association Managers International Certification Board (CAMICB) also provides managers the opportunity to earn the Certified Managers of Community Associations (CMCA) designation.…
Representative Jerrold Nadler (D-NY) introduced H.R. 5337, the Disaster Assistance Equity Act, one month following the seventh anniversary of Superstorm Sandy’s landfall, the impact of which is still felt by communities in New York and along the East Coast. “In the aftermath of Superstorm Sandy, thousands of Americans were shocked to learn that they could…
Slips, trips and falls are some of the most common liabilities related to your property. These hazards are especially concerning, as accidents can occur both indoors and outdoors on your property. Be sure you are prepared when icy conditions occur. Keep walkways, hallways and stairways clean and dry at all times. Develop and implement a…
The CAI Board of Trustees adopted a new public policy that supports the rights of community associations to regulate rules about pets and assistance animals. The number of service animals has increased dramatically over the past decade, but community association pet policies are not enforceable if the animal is a service animal, as service animals…
On Thursday, October 17, 2019, the Bethany Fenwick Chamber of Commerce hosted an educational seminar, “Building a Resilient Business.” Edward Lewandowski from the University of Delaware spoke about the Delaware Sustainable Coastal Community (SCC) initiative. The SCC initiative delivers science-based information to aid decision makers in the following areas: Health of coastal economies, including tourism.…
You are about the leave our site and submit the information to pay your bill. A licensed agent from our team will need to process your payment to make it official – we cannot bind coverage via web request. Let us get to work for you. Want to talk? Call us. 410-213-5600
Client Support Team
Deeley Insurance Group
You are about the leave our site and submit the information to pay your bill. A licensed agent from our team will need to process your payment to make it official – we cannot bind coverage via web request. Let us get to work for you. Want to talk? Call us. 410-213-5600
Client Support Team
SCD Intermediaries
All information, content, and materials available on this site are for general informational purposes only. This information does not, and is not intended to, constitute legal advice on any particular set of facts or circumstances, and may not constitute the most current legal developments. No user or browser of this site should act or refrain from acting based on the contents of this site without first seeking legal advice from counsel in the appropriate jurisdiction. This website may also contain links to content from third-party web sites which are intended only as a convenience for the user or browser and are not necessarily recommended or endorsed by Deeley Insurance Group. All liability with respect to actions taken or not taken based on the contents of this site are hereby expressly disclaimed. The content on this website is provided “as is” and no representations are made that the content is free of errors.
