Loss Assessment Coverage for Condos: The Surprise Many Owners Miss

Loss assessment coverage HO-6 may help condo owners when HOAs issue special assessments. Review your condo insurance coverage.

You open an HOA email and see the phrase “special assessment.” Suddenly, what felt like a routine week turns into a much more specific question: how much of this am I expected to pay, and will my insurance help at all? That is often the moment condo owners first start looking into loss assessment coverage […]

Condo Insurance Before Closing: The Offer-to-Closing HO-6 Timeline (So You Don’t Delay Settlement)

Condo Insurance Before Closing? Follow this HO-6 timeline to request HOA docs, meet lender binder requirements.

Once your closing date is on the calendar, the paperwork starts moving fast—especially if your lender needs an insurance binder before they’ll clear the file. Condo insurance isn’t just “homeowners insurance for a smaller place.” It’s HO-6 coverage that has to match your HOA’s master policy, your loan requirements, and what you’re responsible for inside […]