Unit Assessment (Glossary Word)

Generally applies to condominium insurance. A share of an assessment charged to all unit owners as a result of a loss to common areas resulting from a covered loss.

Other users searching for also searched for some of the following glossary words and FAQs.

Glossary Words

• Condominium Unit Owners Policy
• Additions and Alterations

FAQs

• Do I need a condominium policy if my condominium association has a master policy for the complex?
• Does my homeowner policy cover my possessions when they are not in my house?