Questions About Assessment Coverage/Claim on Condo Policy [Condo][CA]
New to condo ownership and am aware I have coverage for loss assessments included with my California condo owner insurance policy.
Where can I learn details about what this coverage provides, excludes, how it is triggered, etc.? Reading the policy legalese is a challenge. I’m reluctant to talk to my insurer directly as property insurance is hard to find in this area, and I’m afraid they’ll cancel/non-renew me if they catch wind of a forthcoming assessment.
Edit: Possible future assessment will be payable/due over two years in 50/50 increments. Any knowledge about how this would be handled by insurance would be helpful.