Calculator
Loss Assessment Calculator
Free loss assessment calculator for condos: estimate your share of a master policy deductible and compare it to HO-6 loss assessment coverage limits.
By True Condo Cost editorial team · Editorial standards
A large master policy deductible can become a per-unit bill after a building claim. HO-6 loss assessment coverage may pay part of your share—if you bought enough limit and the charge qualifies.
Enter the master deductible (or building value and percent), unit count, and your HO-6 loss assessment limit to see uncovered exposure.
Master policy deductible inputs
What this means
Model your share of a master policy deductible and compare it to HO-6 loss assessment coverage before you close.
Assumptions and limitations
- Equal per-unit split unless you adjust for your building's allocation method.
- Does not determine whether a specific charge qualifies under HO-6 policy language.
- Capital special assessments for reserves are separate from deductible loss assessments.
Frequently asked questions
- What is a loss assessment?
- A charge to owners when the association must fund a master policy deductible or other covered shortfall after a claim. HO-6 loss assessment coverage may reimburse qualifying assessments up to your policy limit.
- How is per-unit share calculated?
- Many buyers start with total deductible divided by unit count. Your declaration may use a different formula.
- Is this the same as a special assessment?
- Not always. Reserve projects and capital repairs are often separate levies. This tool focuses on master deductible pass-through tied to insurance claims.
Run these next
Most buyers model HOA, insurance, and assessments in separate passes.
Loss assessment calculator for condo buyers
This loss assessment calculator estimates your share of a master policy deductible when the association passes that cost to owners after a covered claim. It is not a quote engine and does not read your HOA documents automatically.
Searchers looking for a condo master policy deductible calculator usually want this math: total deductible divided by unit count, compared to HO-6 loss assessment limits on your quote.
Master deductible vs capital special assessment
Loss assessments tied to insurance deductibles are different from capital special assessments for roofs, garages, or reserve shortfalls. HO-6 loss assessment coverage may reimburse qualifying insurance-related charges up to your policy limit, subject to policy language.
Fannie Mae's July 1, 2026 cap on master deductibles ($50,000 per unit) affects financing—not HO-6 reimbursement. A building can still assess owners for a $100,000 wind deductible even when the loan is approved under a workaround.
Use the special assessment calculator when the board levies a repair project. Use this tool when minutes or insurance summaries describe a deductible pass-through after a wind, water, fire, or earthquake claim.
- Master deductible pass-through: often follows an insurance claim event
- Capital special assessment: reserve project or repair vote
- HO-6 loss assessment limit: user-entered from your quote
- Allocation method: equal split here; your CC&Rs may differ
What to pull from the resale packet
Request master policy declarations showing deductible type and amount. Wind, earthquake, and water deductibles may be flat dollar or percentage of building insured value. Note whether garage podiums share the same policy.
Compare the per-unit output to loss assessment limits on your HO-6 quote. Coastal and catastrophe-exposed buildings often need higher limits than inland stock with modest deductibles.
- Flat dollar deductibles: enter the amount shown on declarations
- Percentage deductibles: building insured value × percent ÷ unit count
- Named-storm or wind-only deductibles may differ from all-peril lines
- Garage and amenity levels sometimes carry separate flood or wind policies
How to use results before closing
If uncovered gap is large relative to your cash reserves, increase loss assessment coverage on HO-6 before binding, compare buildings, or budget the gap like a contingent assessment.
Pair results with the master policy deductible guide and loss assessment coverage guide for policy qualification details—not every association charge triggers HO-6 reimbursement.
When to rerun the calculator
Rerun when you receive updated insurance renewals in the resale packet, when comparing two buildings with different master deductibles, or when your agent quotes different loss assessment limits.
After a regional storm season, boards sometimes discuss deductible exposure in minutes even before a claim—useful context when choosing limits before closing.
Declarations page drives the math
Enter the deductible and unit count from the master policy declarations page—not a broker email summary. HO-6 loss assessment limits come from your quote; this page does not read policy language to see if a charge qualifies for reimbursement.
Last updated: June 2026
When to use this calculator
- Master policy declarations show a large flat or percentage deductible
- You are sizing HO-6 loss assessment coverage before binding insurance
- Minutes describe deductible pass-through after a prior claim in the building
Inputs you need
- Master policy deductible amount or building insured value and percent
- Unit count in the association
- HO-6 loss assessment coverage limit from your quote
- Optional payment spread months if the board finances the charge
How to interpret the result
- Compare per-unit share to your HO-6 loss assessment limit, not to dwelling coverage
- Uncovered gap is cash exposure if a qualifying assessment is levied
- Equal split is a starting point—verify allocation in CC&Rs when available
What this calculator does not know
- Live tax bills, insurance quotes, or HOA budgets from any database
- Lender approval, HOA questionnaire results, or project eligibility
- Future HOA increases unless you change the inputs yourself
- Whether a specific charge qualifies under HO-6 policy language
- Square-footage or tiered allocation formulas in your declaration
- Capital special assessments for reserve projects
Documents to verify before relying on the estimate
- Master insurance declarations with deductible type and amount
- HO-6 quote showing loss assessment coverage limit
- Minutes discussing prior deductible assessments
- CC&R insurance and assessment allocation sections
Educational estimates only. Confirm figures with association documents, county tax offices, and licensed professionals before you make an offer.
Frequently asked questions
- What is a loss assessment on a condo?
- A charge to unit owners when the association must fund a master policy deductible or other qualifying shortfall after a claim. HO-6 loss assessment coverage may reimburse part of your share.
- How do I find the master policy deductible?
- Request declarations pages in the resale packet. Deductibles may be a flat dollar amount or a percentage of building insured value.
- Is loss assessment the same as a special assessment?
- Not always. Reserve repairs and capital projects are often separate levies. This calculator focuses on master deductible pass-through tied to insurance.
- How much loss assessment coverage should I buy?
- Many buyers start by comparing the per-unit deductible share from this calculator to limits quoted on HO-6. High-deductible coastal and catastrophe policies often need higher limits.
- What is a condo master policy deductible calculator?
- A tool that divides the association master deductible by unit count to estimate owner share. This loss assessment calculator performs that math when you enter deductible and unit count.
Sources to verify before buying
Use this checklist during due diligence. Calculators help you plan; these documents tell you what a specific building actually costs.
- HOA budget and audited financials (or reviewed statements if the association is small)
- Reserve study with percent-funded and component schedules — often prepared under CAI / APRA standards
- Master insurance declarations: carrier, deductible, wind/hail sublimits, and coinsurance
- Board minutes covering the last two insurance renewals and any assessment votes
- Written special assessment notices and payment plans
- County assessor or municipal property tax estimator for the parcel (not a neighbor’s bill)
- HO-6 quote aligned to master policy gaps — confirm with your state Department of Insurance licensed agent
- Lender condo questionnaire or Fannie Mae / Freddie Mac project review status for warrantability
Related calculators
Explore more tools for your condo search
- Condo InsuranceFree condo insurance calculator and cost estimator: enter your HO-6 quote to see monthly premium impact on total housing cost. No signup required.
- Special AssessmentEstimate the monthly or lump-sum cost of a condo special assessment.
- Dwelling CoverageFree dwelling coverage calculator: estimate condo replacement cost for HO-6 from square footage and rebuild cost per foot—not purchase price.
- HOA Reserve FundFree HOA reserve fund calculator: estimate special assessment exposure from reserve study percent funded and planned capital projects.
Related guides
Learn the basics before you run the numbers
- Loss Assessment Calculator ExplainedHow to use the loss assessment calculator for master policy deductibles: per-unit share, HO-6 coverage gap, and vs special assessment tools.
- Loss Assessment CoverageWhat condo loss assessment coverage pays, how master policy deductibles trigger owner bills, and how much HO-6 coverage to buy before you close.
- Condo Master Policy Deductible ExplainedHow master policy deductibles work in condos, when owners get assessed, and how to size loss assessment coverage before you close.
- Condo InsuranceMaster policy vs HO-6 coverage, typical premiums, and how insurance affects your total condo cost.
- Special AssessmentsWhy associations levy special assessments, typical costs, and how to budget for assessment risk.