Condo HO-6 Gap Check

Step by step

1. The master deductible you enter (or an illustrative figure when unknown) stands in for a full pass-through assessment scenario.
2. Loss-assessment coverage counted starts from your stated limit when you carry the endorsement, otherwise the typical built-in sub-limit ($1,000 when status is unknown, or when carried without a stated limit).
3. Because the assessment illustrated here arises from the master policy deductible, the standard HO-6 cap on deductible assessments ($1,000 unless endorsed) is then applied: counted coverage = min(limit, cap) unless you confirmed the endorsement that lifts it. An explicit "no" to loss-assessment coverage counts zero.
4. Bare-walls master policies leave floors, cabinets, fixtures, and finishes to your HO-6 dwelling/betterments limit; all-in / single-entity policies pick up the original fixtures and finishes, leaving your improvements and upgrades to the HO-6.

The formula

Assessment exposure = max(0, master deductible − loss-assessment coverage counted), where counted = min(loss-assessment limit, deductible-assessment cap) unless the endorsement lifting the cap is confirmed.

Assumptions and their default values

Some of these change with the state you select.

Important disclosures

1. This tool is educational only. It illustrates potential exposure using the assumptions shown — it is not insurance advice, a price, or an offer of coverage, and it does not determine whether any coverage amount is right for you. Policy language varies; review your actual policy and discuss your situation with a licensed insurance professional.
2. When the master deductible is unknown, an illustrative figure is used — actual master-policy deductibles vary widely and increasingly include large percentage wind/hail deductibles.
3. On standard (ISO) HO-6 forms, the part of an assessment that arises from the master policy deductible is capped at a small fixed sum — commonly $1,000 — whatever the loss-assessment limit, unless an endorsement lifts that cap. This illustration applies the cap unless you confirm the endorsement; your policy form may differ.
4. How an assessment is shared among owners and what loss-assessment coverage pays depends on your association documents, state law, and your policy form — this simple illustration models none of that detail.