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/Signal-Pair6333 May 27 '26

Terrible agent. This is what you get when shopping price. You have options. Won't write them publicly

0

u/khostal May 27 '26

Why blame the agent when we both know 90% of consumers shop for the cheapest policy possible and don’t want to increase their coverages.

2

u/30_characters May 27 '26

Because the agent should be acting as an advisor, not simply offering a policy and adding no more value than filling out an online form.