Loss Assessment Coverage and Policy Period

A homeowner received a loss assessment charge from the condo association regarding damages caused by Hurricane Maria. The date of the actual physical loss to the condominium caused by Hurricane Maria was 9/20/2017. The homeowner had a homeowner policy, HO 0006 0511, with Oneness Insurance Company, with a policy period of 7/1/2017 to 7/1/2018. The additional coverage of loss assessment states that “We will pay up to $1,000 for your share of loss assessment charged during the policy period against you…” The homeowner did not renew the homeowner insurance policy with Oneness Insurance Company. The date of the loss assessment was 8/15/2018. The homeowner presented the loss assessment claim to Oneness Insurance Company. Oneness Insurance Company denied the claim based on the loss assessment policy language that the loss assessment had to be charged during the policy period. Since the date of the loss assessment was after the policy period Oneness Insurance Company denied the loss assessment claim.