Under the new changes, condo associations will still need to maintain insurance for the common elements and units for attached or multifamily dwelling units. Credit: Shutterstock.com
The Maryland Insurance Administration published a bulletin reviewing the changes to the state's insurance requirements for condos. These changes include reducing the coverage that a condo association is required to maintain for residential-detached condos and requiring that the owners of those units have homeowners insurance on the entire unit.
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