Someone please help me with this question I'm a bit confused
Ho-6 insures is worried about assessments by his association he can increase "loss assessments" coverage to -
A. $1,000
B. $2,500
C. $10,000
D. Any amount needed
I chose A.... In the state manual it clearly states the following :
"Loss assessment" - up to $1,000 applies to assessments against the insures by an ASSOCIATION of property owners.
Stephanie,
Please refer to page 66 in the state manual which also states that "The basic $1000 limit for loss assessment may be increased to any higher amount..."
Jan