Common use of Loss Assessment Clause in Contracts

Loss Assessment. We will pay up to $1,000 for your share of loss assessment charged during the policy period against you by a corporation or association of property owners, when the assessment is made as a result of a direct loss to the property, owned by all members collectively, of the type that would be covered by this policy if owned by you caused by a Peril Insured Against under COVERAGE A – Dwelling, other than earthquake or land shock waves or tremors before, during or after a volcanic eruption. This coverage applies only to loss assessments charged against you as owner or tenant of the “residence premises.” We do not cover loss assessments charged against you or a corporation or association of property owners by any governmental body. The limit of $1,000 is the most we will pay with respect to any one loss, regardless of the number of assessments. No deductible applies to this coverage. Condition 1. Policy Period, under SECTIONS I AND II CONDITIONS, does not apply to this coverage.

Loss Assessment. We will pay up to $1,000 for your share of loss assessment charged during the policy period against you by a corporation or association of property owners, when the assessment is made as a result of a direct loss to the property, owned by all members collectively, of the type that would be covered by this policy if owned by you you, caused by a Peril Insured Against under COVERAGE A – DwellingDWELLING, other than earthquake or land shock waves or tremors before, during or after a volcanic volcan- ic eruption. This coverage applies only to loss assessments charged against you as owner or tenant of the “residence premises.” We do not cover loss assessments charged against you or a corporation or association of property owners by any governmental body. The limit of $1,000 is the most we will pay with respect re- spect to any one loss, regardless of the number of assessments. No deductible applies to this coverage. Condition 1. Policy Period, under SECTIONS I AND II CONDITIONS, does not apply to this coverage.

Loss Assessment. We will pay up to $1,000 for your share of loss assessment charged during the policy period against you by a corporation or association of property owners, when the assessment is made as a result of a direct loss to the property, owned by all members collectively, of the type that would be covered by this policy if owned by you you, caused by a Peril Insured Against under COVERAGE Coverage A – Dwelling, other than earthquake or land shock waves or tremors before, during or after a volcanic eruption. This coverage applies only to loss assessments charged against you as owner or tenant of the “residence premises.” We do not cover loss assessments charged against you or a corporation or association of property owners by any governmental body. The limit of $1,000 is the most we will pay with respect to any one loss, regardless of the number of assessments. No deductible applies to this coverage. . Condition 1. Policy Period, under SECTIONS Sections I AND and II CONDITIONSConditions, does not apply to this coverage.

Loss Assessment. We will pay up to $1,000 for your share of loss assessment charged during the policy period against you by a corporation or association of property owners, when the assessment is made as a result of a direct loss to the property, owned by all members collectively, of the type that would be covered by this policy if owned by you you, caused by a Peril Insured Against under COVERAGE A – DwellingDWELLING, other than earthquake or land shock waves or tremors before, during or after a volcanic eruption. This coverage applies only to loss assessments charged against you as owner or tenant of the “residence premises.” ”. We do not cover loss assessments charged against you or a corporation or association of property owners by any governmental body. The limit of $1,000 is the most we will pay with respect to any one loss, regardless of the number of assessments. No deductible applies to this coverage. Condition 1. Policy Period, under SECTIONS I AND II CONDITIONS, does not apply to this coverage.

Loss Assessment. We will pay up to $1,000 for your share of loss assessment charged during the policy period against you by a corporation or association of property owners, when the assessment is made as a result of a direct loss to the property, owned by all members collectively, of the type that would be covered by this policy if owned by you you, caused by a Peril Insured Against PERIL INSURED AGAINST under COVERAGE Coverage A – Dwelling, other than earthquake or land shock waves or tremors before, during or after a volcanic eruption. This coverage applies only to loss assessments charged against you as owner or tenant of the “residence premises.” We do not cover loss assessments charged against you or a corporation or association of property owners by any governmental body. The limit of $1,000 is the most we will pay with respect to any one loss, regardless of the number of assessments. No deductible applies to this coverage. Condition 1. Policy Period, under SECTIONS Sections I AND and II CONDITIONSConditions, does not apply to this coverage.