Loss assessment coverage for Florida condo owners

Loss assessment coverage helps pay your share when the association assesses owners after a covered loss, such as a large master-policy hurricane deductible. Florida requires unit-owner policies to include at least $2,000, and many owners choose higher limits.

How to choose a limit

Find the master policy's hurricane deductible
Ask how the association splits deductibles among owners
Estimate your share and choose a limit above it

What it won't cover

Assessments for routine repairs, reserves or deferred maintenance generally aren't covered.

Coverage depends on the policy, the insurance company and underwriting approval. Nothing here is a promise of coverage or price.

Get my condo quote

Or call (813) 291-3484.

Common questions

Is $2,000 enough?

Often not in a coastal building with a large hurricane deductible. Ask your association for the numbers.