Can a GCA charge a unit more than $5,000 for their deductible?

In the context of a Georgia Community Association Manager (CAM), the regulation regarding charging unit owners for deductibles is specific. The correct answer indicates that a community association can only charge up to $5,000 for a unit's deductible. This limit is set to protect unit owners from excessive financial burden stemming from their respective association's insurance claims.

By establishing a cap on the deductible amount that can be charged, the law ensures predictability and fairness in financial obligations for unit owners, which is particularly important in maintaining good community relations and managing finances within the association. This limit underscores the principle that while associations can seek to recuperate costs associated with damages, there should be boundaries that prevent disproportionate charges that may place undue financial strain on individual owners.

This regulatory framework is critical in fostering trust and responsible management within community associations in Georgia. It ensures that all members are treated equitably and that they have protection against potentially high, unpredictable costs related to insurance deductibles.