Question

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the council of unit owners for an attached condominium complex in maryland is reviewing their insurance policy in light of senate bill 403. what change must they ensure is reflected in their property insurance policy?
coverage must now include personal property within individual units.
coverage is no longer required for the common elements.
coverage must include both common elements and individual units, excluding improvements by unit owners.
coverage should only include improvements made by unit owners.

Explanation:

To solve this, we analyze Maryland's Senate Bill 403 and condominium insurance requirements. Senate Bill 403 for Maryland condominiums likely mandates that the council's insurance (for the condominium complex) must cover personal property within individual units. Other options are incorrect: common elements are typically covered, excluding unit - owner improvements is not in line with the bill, and only covering unit - owner improvements is wrong.

Answer:

Coverage must now include personal property within individual units.