Did your association pay for damage from Hurricane Irma with operating funds? Did you consider a special assessment? What if I told you that half of your owners would be reimbursed up to $2,000 by their insurance company for the amount of the special assessment attributable to hurricane damage. Would that change your mind? Many homeowners in Florida have what is called HO-6 Coverage included in their home insurance policy. According to Paul Mack of Mack Mack & Waltz insurance HO-6 policies include a minimum of $2,000 in what is called loss assessment coverage. Read the article……………..
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