Call your WWW Personal Insurance Agent - 800.783.5085 - for personal hurricane advice today before the storm. As of 2004, one in six Americans live in a property governed by a homeowner association (HOA), whether it be a condo, townhome or single family home. While there are many benefits to living under an HOA, there are some disadvantages. One is that HOA living creates the possibility of being assessed by the association.  For some assessments, loss assessment coverage provided by the standard homeowners policy can provide a “financial security blanket” for the resident. 

All homeowners policies provide $1,000 of loss assessment coverage.Some carriers allow you to purchase up to an additional $50,000 of loss assessment coverage.

In order for the assessment to be covered, the peril causing the loss must be a covered peril under the homeowners policy.

You can only file one loss assessment claim per policy period.

Call your Personal Insurance Agent to review your Loss Assessment Coverage or to request a quote for additional coverage today before a hurricane strikes.  800.783.5085.