In a storyline only 2020 could deliver, as the nation slogs its way through a pandemic and economic recession, home sales have increased by 25% according to the National Association of Realtors, and mortgage lending has jumped 33% according to the Mortgage Bankers Association. Now, changes to federal mortgage rules are in the works. Community…
92% of Community Association members Vote in National Elections. An overwhelming majority of homeowners in community associations understand the need to make their voice heard in the voting process. In resort community associations, parking and picking up after your pets seem to be the most consistent controversial issues facing the Board. But 2020 has given…
What happened? In February, the Court of Appeals of Kentucky ruled that using a property for a short-term rental did not classify as residential use and violated a restriction limiting the property’s use to a private summer residence. The homeowners in the case (The Hoffman Revocable Trust v. Marshall) purchased a home in a community…
In May, the Supreme Court of Virginia ruled that an insurer did not waive its subrogation rights (the process by which an insurance company collects money from the party at fault) against tenants of a unit owner in a condominium insurance policy. The insurance company can pursue a claim for damages against the tenant even…
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…
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…
What’s new? Starting on October, 1, 2020, the Maryland Condominium Act will allow associations to bill back the Master Policy deductible – up to $10,000 – to the unit owner where the claim originated. Under the current Act, the unit owner could be responsible for a maximum of $5000. What does that mean for your…
After months of self-quarantining with limited access to restaurants, a summertime backyard cookout sounds delicious! But July is the peak month for grill fires, according to the National Fire Protection Association. Gas and charcoal grills cause close to 2,900 structure fires, 5,000 outdoor fires, and result in property loss of nearly $30 million dollars each…
COVID-19 has left a lasting effect on community associations, at times bringing stress to the forefront. Stay calm and focused on the safety of your community. Make a difficult situation better with these helpful tips. Abide by Rules, Regulations and the Law Follow the laws, protect the association from liability, and keep things moving from…
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…
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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
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