Can I collect under my homeowners policy if I sell the home before the assessment for damages is issued?

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Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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UPDATED: Feb 22, 2018

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Insurance Question from Naples, FL

Asked on 02/22/2018

Can I collect under my homeowners policy if I sell the home before the assessment for damages is issued? Our condo association has been working on getting estimates for damage resulting from Hurricane Irma. No assessment has been issued to date. We are selling our condo and will close in 3 weeks. Who is responsible for paying assessment after we are no longer the owner of record? Will our homeowners policy still cover assessments after condo is sold?

Answer given on February 24, 2018

If there is an assessment from the Condominium association for damage that occurred while you owned the condominium unit, you are most likely still responsible for the assessment for that unit. If you are responsible, your insurance company should pay the assessment, up to the amount covered by the insurance policy.  You should review your insurance policy to see what the limit is for assessments, as you may not have enough insurance to cover the full assessment.  You then may want to review everything with an attorney or real estate agent to be sure everyone is on board with the issues.  You may want to put your insurance company on notice that an assessment is in the works.  That way there is no question that the claim has been filed.  You do not need to inform them of the sale, since it is possible that the sale could fall through for some reason. If the sale is completed you have still advised your insurance company of the pending claim and there should be no issues involved in the claim.


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