Peter is a dedicated Licensed Insurance Broker at Honig Conte Porrino Insurance Agency, specialized in protecting businesses and families. His experience in finance and real estate has been a great asset while helping clients put together insurance programs that make sense.
If you live in a community with an HOA, you should consider investing in loss assessment insurance. Learn what it covers, how it works, and how to get it.
Another important aspect of loss assessment is that the claim occurs when the member is notified they are being assessed, not when the loss initially occurred. The assessment can come three years after a loss, and as long as the policyholder has the coverage on their policy, they can use it.