Homeowners Policy (HO)Question 122 of 474
Loss assessment coverage under an HO-6 condominium policy is designed to pay for:
a.Damages awarded against the unit owner personally in a liability suit brought by a guest who was injured inside the unit, above the Coverage E limit
b.Repairs to the unit owner's built-in appliances, cabinets, and floor coverings damaged by a covered peril inside the unit itself
c.The monthly homeowners association dues the unit owner still owes while the building is being repaired after a covered loss
d.The unit owner's share of an assessment levied by the condo association for damage to commonly owned property
Explanation
Loss assessment coverage pays the unit owner's share of an assessment levied by the condominium or homeowners association because of a covered loss to commonly owned property, subject to a sublimit (often $1,000 unless increased by endorsement). It is a key feature of the HO-6 form.
Law Reference: ISO HO-6 condominium formThis topic, taught in full in the Personal Lines Insurance Producer guide. Personal Lines Insurance Producer — Complete Study Guide (2026) — PDF + EPUB, $19.99 · 14-day refund →
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