Glossary · coverage
Loss Assessment Coverage
Condo unit coverage for HOA special assessments after covered loss.
When condo association funds insufficient to cover repairs, it assesses unit owners. Loss assessment coverage pays up to limit. Typically $1,000 default; higher via endorsement.
In practice
Where you encounter "Loss Assessment Coverage"
Policyholders see "Loss Assessment Coverage" referenced in policy language, claim correspondence, and scope documents. Knowing the precise definition under Florida practice keeps you from accepting carrier framing. See FS 626.854 on public adjuster representation and FS 627.70131 on carrier duties.
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Know these too
Related terms
Appurtenant Structures
Structures on your property attached or functionally related to the main dwelling.
Agreed Value
Policy coverage at a pre-established value, not current market value.
All-Other-Perils Deductible
The standard flat-dollar deductible for non-hurricane/storm perils.
Blanket Coverage
A single limit applies across multiple locations or coverage categories.
Builder's Risk
Insurance for property under construction.
Business Interruption
Coverage for lost income when property damage halts business.
Know the law
Related statutes
FS 626.854 Public Adjusters
Your representation rights.
FS 627.70131 Carrier Duties
Statutory deadlines.
FS 627.70132 Notice
When you must file.
FS 627.7142 Bill of Rights
Homeowner claim bill.
FS 626.9744 Matching
Reasonable matching requirement.
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- ✓Licensed Florida public adjusters
- ✓We work for policyholders, not insurance companies
- ✓No fee unless we recover more than you were offered
What kind of damage?
Pick the closest match. We will ask for details later.
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Related resources
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Glossary
Related insurance terms
CLUE Report
Related glossary entry: CLUE Report.
Pack-Out
Related glossary entry: Pack-Out.
Wear and Tear
Related glossary entry: Wear and Tear.
Subrogation
Related glossary entry: Subrogation.
Good Faith
Related glossary entry: Good Faith.
Consequential Loss
Related glossary entry: Consequential Loss.
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Your policy says more than you think. Find out what you are actually owed.
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- ✓Licensed Florida public adjusters
- ✓We work for policyholders, not insurance companies
- ✓No fee unless we recover more than you were offered
What kind of damage?
Pick the closest match. We will ask for details later.
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