Posted On: June 8, 2009, 2:28 pm CDT

Posted By: flagent

Wow - this is shouldn't surprise me but it does - It has always been my understanding that the "special assessment" coverage which the article refers to would not help an owner out in this situation as first there must be a covered cause of loss that triggers the coverage - the coverage certainly is not intended to be used for upgrades - only to cover extra expense in the case of major damage to a building in which the owner is charged a extra assessment to repair - DUH! Wonder where Charlie thinks this extra money qill come from - I co own a unit that I can't get rid of for what we owe - combine the falling values with a 40-50% default rate on monthly maintenance fees as it is - we're already being assessed just to MAINTAIN - now we have to retro fit sprinkler systems? this is MADNESS! I am saying goodby and good riddence to Charlie-