Expose Maintenance Fees And Assessments
Maintenance Fees And Assessments Technical Terms
Maintenance Fees And Assessments : An insurance cover designed to reimburse an association for those monies it would normally collect as maintenance fees and assessments but which it has not collected because of the occurrence of an insured loss. Normally the carrier that pays for such a loss will also be subrogated to the rights to seek collection of those monies from the entity or individual that owes them.