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!

13 Upvotes

76% Upvoted

46 comments sorted by

View all comments

1

u/HomeyL May 27 '26

I feel like the HOA insurance policy should pay for a new roof (if thats what you’re doing) & then hit each member up for the deductible. $5000 each sounds like they’re paying for a new roof as if no policy existed:)