Assessments

How Much Loss Assessment Coverage Does a Florida Condo Owner Need?

By Nymble Insurance LLC · Published October 24, 2026 · Updated October 24, 2026 · 2 min read

Choose a loss assessment limit above your likely share of the master policy's hurricane deductible and other covered losses. Florida requires at least $2,000 on unit-owner policies, but in coastal buildings with percentage deductibles your share can be far higher.

Step by step

• Ask the manager for the master hurricane deductible
• Ask how deductibles are split among owners
• Estimate your share
• Pick a limit above it

What isn't covered

Assessments for maintenance, reserves or code upgrades unrelated to a covered loss are generally not covered.

Check the cause

Loss assessment usually responds only when the cause of loss would be covered by your policy.