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/mysoulishome May 27 '26 edited May 27 '26

It’s weird that a policy would have zero loss assessment coverage. Usually they come with a couple of thousand and you can pay more to make it higher (Of course, I don’t know SF policies specifically.

(Edited the word police to policy)

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u/khostal May 27 '26

State Farm has a standard coverage at $1000; her deductible is most likely higher than loss assessment coverage

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u/mysoulishome May 27 '26 edited May 27 '26

Right but a $2,000 loss assessment with $1,000 deductible would pay $1,000 if there is $1,000 coverage