Condominium Loss Assessment

Residential Coverage Type - Condominium Loss Assessment

Loss Assessment Coverage pays for your share of expenses for a covered loss, up to your coverage limit, when your condo association requires an assessment on all unit owners for certain covered losses. Some policies may have a separate deductible for loss assessment coverage. Also, some policies will not provide coverage for the master condo association policy deductible.

Policies differ between companies so the insured should always refer to their policy or agent for additional information.