Certified Condominium Specialist (CCS)

What is the purpose of loss assessment coverage in a unit owner's HO-6 policy?

To pay for the owner's personal property losses To cover special assessments levied on the owner after a loss the master policy doesn't fully cover To insure structural improvements made by the owner To provide liability coverage for guests in the unit

Correct Answer:

To cover special assessments levied on the owner after a loss the master policy doesn't fully cover

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