Maine's insurance regulator confirms condo master policies can be dropped for any reason
Maine's insurance regulator confirms condo master policies can be dropped for any reason
2026-09-12 · Maine · Regulation
What happened. In September 2025 the Maine Bureau of Insurance filed its annual report to the Legislature on insurance availability — and put in writing something many Maine boards assume is not true: an association's master policy has no non-renewal protection at all.1
The report, The Availability of Insurance in the Maine Property & Casualty Market, is a statutory filing made under 24-A M.R.S. § 2325-A(5) and signed by Superintendent Robert L. Carey. It is not guidance, and it imposes nothing new. It is the regulator describing the law as it stands.
The sentence that matters
“Insurers writing coverage in the commercial market can non-renew a policy for any reason, unlike the personal auto and homeowners markets which are subject to the Automobile Insurance Cancellation Control Act and the Maine Property Insurance Cancellation Control Act, which place limits on the ability of insurers to cancel or non-renew a personal insurance policy.”
A condominium association's master policy is commercial coverage. The protections the report lists — at 24-A M.R.S. §§ 2908, 3007, 2914, 2916-A, 3049 and 3051 — reach personal auto and personal homeowners lines. None of them reaches a master policy.
And the reason Maine associations are being singled out
The Bureau names condominium associations specifically as a line under pressure, and identifies the driver:
“Some condominium associations have seen double-digit increases in property insurance rates due in part to the potential for large claims that can occur when uninhabited units experience water damage that can go unreported for days, resulting in damage to adjacent units. Maine and other northern states with harsher winters are particularly affected.”
That is a seasonal-occupancy problem described by the regulator as a Maine structural problem — not a claim history peculiar to one association.
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Related Maine HOA Topics
- Maine Bureau of Insurance, The Availability of Insurance in the Maine Property & Casualty Market (September 2025), filed under 24-A M.R.S. § 2325-A(5) ↩
- Maine Bureau of Insurance, PC rate changes as of 01-09-2026 (approved property and casualty rate filings) ↩
- 33 M.R.S. § 1603-113, Insurance (Maine Condominium Act) ↩
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