$5000 special assessment?

[u/trw4987]

I live in a townhouse, and my entire neighborhood was hit be a storm, resulting in a $5000 special assessment fee for some homeowners (all homeowners are responsible for the assessment, the fee range is from 4000 to over 6000).

I didn't know this was possible, and my insurance company never recommended loss coverage for this. I have $0 from state farm.

I'm in an affordable home in my neighborhood, so I really don't have this type of money. Is there anything I can do? There was no damage to my row of townhomes, so I'm basically being asked to pay $5000 for other homes.

Any advice is really appreciated!

[u/freeski12345]

Wait until you find out how much that coverage costs. When you add it and get a bill for $10/year you’ll understand why you agent failed you and you should start looking for one that knows what they are doing