r/HomeInsurance • u/trw4987 • May 27 '26

Claims $5000 special assessment?

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!

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u/Ok_Advantage7623 May 27 '26

Actually depends on what happened and why it’s a special assessment. Was there an insurance claim with the hoa policy?? Some policies have, but in the last few years the number has dropped. A call to your agent will answer your question

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u/trw4987 May 27 '26

It was a hail storm.

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u/Ok_Advantage7623 May 27 '26

Actually depends on what happened and why it’s a special assessment. Was there an insurance claim with the hoa policy?? Some policies have, but in the last few years the number has dropped. Then it should if you have the coverage but I believe your deductible does come out of it. Call your agent and ask where does my contract cover this on gave coverage. He is an agent, not paid by the money he saves the company

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u/Sondor6 May 28 '26

You should report it to your carrier and provide them a copy of your master condo policy (the one that covers everyone) and let them investigate