Jun 6, 2023 · Loss assessment coverage is add-on coverage to the best homeowners insurance or condo insurance policies, which can help pay your portion of a claim against a master policy.

What is a loss assessment? A loss assessment is your share of a fee that may be charged against you for loss to property owned in common by the members of your condo or homeowners association.

2 days ago · Loss assessment coverage can apply when you’re charged a special assessment to repair common areas damaged by a fire, hurricane, thunderstorm, snowstorm, vandalism or another type of …

Jul 3, 2024 · Loss assessment coverage is a condo or home insurance endorsement that adds protection for damage assessed by a homeowners association (HOA). Discover how home …

May 1, 2025 · What Is Loss Assessment Coverage? Loss assessment coverage (also known as special assessment insurance) is an optional layer of property insurance you can add to your condo …

Loss assessment coverage is an optional add-on to your condo insurance policy that can help in the event of an accident in a shared area of the condo property, such as lobbies, stairwells, pools, …

Dec 16, 2025 · Loss assessment coverage is an optional add-on to your personal condo insurance (HO6) policy. It acts as your financial backup plan, protecting you from surprise bills for damage to …

Jun 6, 2024 · Loss assessment coverage is an optional endorsement on your condo or homeowners insurance policy. It covers the cost of a special assessment levied to make up for any gaps between …

Loss assessment coverage is an insurance rider that home or condo owners can add to their existing policy for more protection should a common area become damaged.

Aug 20, 2024 · Loss assessment coverage protects you from property losses and claims for that shared space, as well as liability coverage in case someone is injured in the shared area.