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Summary: One of the coverages included within the homeowners policies and offered under the businessowners policies that is often confusing from both an underwriting and claims perspective, is loss assessment coverage.

Loss assessments often occur when a homeowners or condominium association assesses the residents a fee for loss to the community property. For example, the community sustains fire that damages the clubhouse, the pool, and other common areas. Owners may be assessed a portion of the loss.

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