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Category: Insurance

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Condo Association Insurance: Why Premiums Are Rising—and What Boards Can Do About It

April 20, 2026

Condominium associations across the country are facing a difficult reality: insurance premiums are increasing at an unprecedented pace. In Southern Maryland and the surrounding region, many condo associations are seeing renewal increases ranging from 20% to as high as 60%—and in some cases even more. While claims history can certainly impact renewal pricing, today’s insurance… Read more »

Insurance Market Update for Condominium Associations

March 24, 2026

As part of our ongoing commitment to keeping our communities informed and prepared, we have developed a comprehensive report on the current insurance market as it relates specifically to condominium associations. Over the past several years, the insurance industry has experienced significant shifts driven by increased claims, rising reconstruction costs, and changes in underwriting standards…. Read more »

Expected Increases in Insurance Costs

September 12, 2023

We want you to be aware of changes in the marketplace which are continuing to increase insurance costs, so that you can make necessary adjustments to your budgets ahead of time. The information is generalized. If you need specific budget estimates for a given account, please reach out to your community manager. On average we… Read more »

Types of Insurance

September 14, 2020

Some of your dues go toward paying for our community’s insurance needs. Have you ever wondered what kinds of insurance our community association needs? Below is a list of the different types of insurance types available to associations. Our association doesn’t have all of these types of coverage, but they’re available if we need them…. Read more »

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