Money
Loss assessment
A loss assessment is a charge to owners when the HOA’s insurance deductible or uncovered claim exceeds reserve or operating cash. HO-6 policies sometimes cover an owner’s share. Disclose insurance limits so owners understand potential assessments after a major loss.
These definitions are for general education only. They are not legal, financial, or tax advice. HOA rules vary by community and location—confirm details against your governing documents and qualified professionals before you act.
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