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Updated over 3 years ago on . Most recent reply

Alden Baldock's profile image
Alden Baldock's profile image
Alden Baldock
  • from Fort Worth, TX
  • Member since Aug 14, 2015
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9
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Alden Baldock's profile image
Alden Baldock's profile image
Alden Baldock
  • from Fort Worth, TX
  • Member since Aug 14, 2015
Connect
Alden Baldock
  • Fort Worth, TX
2
Votes |
9
Posts
Buying & Selling Real Estate

Loss Assessment Insurance Mitigate Risk of Condo Investment???

Alden Baldock
  • Fort Worth, TX
Posted

Hi BP! I have been doing some research on Loss Assessment Insurance for condos. I have a family member who owns a condo and has loss assessment insurance. He has gone through two large assessments (roof and flooding) and has paid almost nothing out of pocket due to this. I understand there are premiums associated with any insurance, but does loss assessment insurance mitigate the risk that keeps a lot of people from wanting to invest in condos? 

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