2021 – 2022 Insurance Annual Notice of Master Policy Deductible & Owner Responsibility

Date: November 30, 2021
Subject: 2021 – 2022 Insurance Annual Notice of Master Policy Deductible & Owner Responsibility
Legislation enacted during the 2020 session of the Maryland General Assembly increases the amount for which an individual unit owner is responsible where the cause of damage to any portion of the condominium originates in their unit.  Under Section 11-114 of the Maryland Condominium Act, condominium master policies must cover property damage to all of the condominium structure, including both the common elements and units as originally constructed and finished by the developer, with the unit owners providing individual insurance for their improvements and personal contents.  Effective October 1, 2020, if damage originates in an individual unit, the owner is responsible for the insurance deductible under the condominium’s master policy, up to a maximum cap of $10,000.  The statute provides:  “If the cause of any damage to or destruction of any portion of the condominium originates from a unit, the owner of the unit where the cause of the damage or destruction originated is responsible for the council of unit owners’ property insurance deductible not to exceed $10,000.”  Any remaining deductible amount remains a common expense.
Please know that for the term of 8/31/2021 to 8/31/2022, Queen’s Landing’s Master Policy is subject to a deductible in the following amounts:
  • $10,000 per occurrence all losses except other named losses (listed below)
  • $25,000 per occurrence wind/hail
  • $25,000 per occurrence all losses resulting from polybutylene pipes
  • $25,000 per occurence earthquake
  • 1% per building named storm (1% of any one building’s replacement value)
Please do not hesitate to contact us at the number listed below with any questions or concerns you may have. Should you have any questions regarding the Master  Policy or if you received an update request from your mortgage company, please contact our office.
Thank you,

Tammy Eaton
On-Site Community Association Manager
Queen’s Landing CUO
500 Queen’s Landing Drive
Chester, MD  21619
[email protected]
O: 410-643-5192  F:410-604-2712

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