Loss Assessment Insurance Mitigate Risk of Condo Investment???

[Alden Baldock]

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?