Not if, but when
Almost all HOA and condo homeowner gets hit with a special assessment at some point
Be a hero and protect your clients with easy, affordable coverage from Feesible
HOA peace of mind at a great price
- Saving is hard. More than 70% of associations lack the funds to cover expected maintenance expenses
- Most need special assessments every 4-5 years for bigger repairs
- Assessments are usually less than $10,000 per home but can exceed $100,000 for serious issues
Feesible has low cost protection against high cost surprises
Special Assessment Insurance vs. Homeowners Insurance
Feesible Assessment Protection
Homeowners Insurance
What is it for?
$$$ to pay for condo & HOA special assessments
$$$ for damage or theft of your property
Does it cover HOA special assessments?
Yep, 90%+
Less than 5%
What assessments are covered?
Open peril maintenance, wear & tear, reserve shortfalls, HOA lawsuits, most other things
Damage from fire, lightning, covered weather; HOA lawsuits
What assessments aren’t covered?
Fire, water / flood, natural disasters, operating expenses, expected assessments
Maintenance, wear & tear, reserve shortfalls, operating expenses, flood, earthquake
Assessment coverage limits
Up to $25,000
Usually $1,000
Feesible vs Homeowners Insurance
Feesible Assessment Protection
Homeowners Insurance
What is it for?
$$$ to pay for condo & HOA special assessments
$$$ for damage or theft of your property
Does it cover HOA special assessments?
Yep, 90%+
Less than 5%
What assessments are covered?
Maintenance, wear & tear, reserve shortfalls, HOA lawsuits, most other things
Damage from fire, lightning, weather; HOA lawsuits
What assessments aren’t covered?
Fire, natural disasters, operating expenses, expected assessments
Maintenance, wear & tear, reserve shortfalls, operating expenses
Assessment coverage limits
Up to $25,000
Usually $1,000
Feesible vs Homeowners Insurance
What is it for?
$$$ to pay for condo & HOA special assessments
Feesible Assessment Protection
$$$ for damage or theft of your property
Homeowners Insurance
Does it cover HOA special assessments?
Yep, 90%+
Feesible Assessment Protection
Less than 5%
Homeowners Insurance
What assessments are covered?
Maintenance, wear & tear, reserve shortfalls, HOA lawsuits, most other things
Feesible Assessment Protection
Damage from fire, lightning, weather; HOA lawsuits
Homeowners Insurance
What assessments aren’t covered?
Fire, natural disasters, operating expenses, expected assessments
Feesible Assessment Protection
Maintenance, wear & tear, reserve shortfalls, operating expenses
Homeowners Insurance
What assessments aren’t covered?
Fire, natural disasters, operating expenses, expected assessments
Feesible Assessment Protection
Maintenance, wear & tear, reserve shortfalls, operating expenses
Homeowners Insurance
Assessment coverage limits
Up to $25,000
Feesible Assessment Protection
Usually $1,000
Homeowners Insurance
