Does condo insurance cover HOA special assessments in Georgia?

Loss assessment coverage pays your share when the HOA levies a special assessment after a covered loss exceeds the master policy limit. Georgia condo communities hit by hail, fire, or liability events have assessed $5,000 to $30,000 per unit. Most HO-6 policies include a default $1,000 limit, which is inadequate. We recommend $25,000 to $50,000 depending on your community's reserve fund and history.