Introduction

Welcome to our essential guide to condo assessment insurance. In this comprehensive article, we’ll delve into the intricacies of condo assessment insurance, providing you with all the information you need to understand this vital aspect of condominium ownership. Whether you’re a new condo owner or a seasoned resident, understanding condo assessment insurance is crucial for protecting yourself and your investment in your condo community.

What is Condo Assessment Insurance?

Condo assessment insurance, also known as loss assessment coverage, is a type of insurance that protects condo owners from unexpected costs associated with special assessments levied by the condominium association.