I am reviewing a policy with the following provision regarding additional coverage for loss assessments:

"ADDITIONAL COVERAGES . . . 7. Loss Assessment. We will pay up to $50,000 for your share of loss assessment charged against you by a corporation or association of property owners. This coverage applies for an event that occurs during the policy period when the assessment is made as a result of "sudden and accidental" direct physical loss to the property owned by all members collectively. This loss must be caused by a loss under Section I – LOSSES WE COVER for DWELLING PROTECTION COVERAGE and OTHER STRUCTURES PROTECTION COVERAGE, subject to all provisions of the policy."

The word "event" is not defined in the policy.