Coverage Explorer
Your Condo (HO-6)
A condo policy fills the gap your association’s master policy leaves — generally everything from the “bare walls” inward, your belongings, and your liability. Explore below to see where the master policy stops and yours begins. General education, not a coverage determination — your GSP agent confirms your specific policy and HOA documents.
Tap a marker on the home to explore each risk and how coverage generally responds.
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01
Walls-In (Your Unit)
The master policy usually stops at the bare wallsThe risk
The master policy usually stops at the bare walls. Most association master policies cover the building structure and common areas — but generally NOT your interior finishes: flooring, cabinets, fixtures, built-ins, and improvements. After a covered loss, repairing all of that inside your unit can fall to you.
The coverage
Dwelling / building property coverage (HO-6). An HO-6 condo policy generally covers your unit’s interior — the “walls-in.” The amount to carry depends on your finishes and what the master policy excludes, so reading the HOA documents matters.
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02
Loss Assessment
Your share of a big building loss the master policy doesn’t fully coverThe risk
Your share of a big building loss the master policy doesn’t fully cover. After a major loss — a hurricane damaging the building, a large liability claim in a common area — the association can “assess” owners for the shortfall, including the master policy’s deductible. On the coast, wind/hurricane deductibles on master policies can be large.
The coverage
Loss assessment coverage. Loss assessment coverage on an HO-6 generally helps pay your share of certain association assessments after a covered loss. Coastal owners often increase this limit because building wind deductibles can be significant.
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03
Belongings
Your furniture, electronics, clothing, valuablesThe risk
Your furniture, electronics, clothing, valuables. The master policy doesn’t cover your personal belongings. Fire, theft, or water damage can mean replacing the contents of an entire unit.
The coverage
Personal property coverage. HO-6 personal property coverage generally pays to repair or replace your belongings after a covered loss. High-value items (jewelry, art) may need scheduled coverage for full protection.
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04
Liability
Someone is injured in your unitThe risk
Someone is injured in your unit. If a guest is hurt inside your unit, or you accidentally cause damage to a neighbor’s unit, you can be held responsible.
The coverage
Personal liability (extendable with an umbrella). HO-6 liability coverage generally responds to injuries or damage you’re responsible for, up to your limit. A personal umbrella can add a larger layer of protection across your condo and auto.
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05
Water Damage
A plumbing leak — or the unit above youThe risk
A plumbing leak — or the unit above you. Water from a burst pipe or an upstairs neighbor is one of the most common condo claims. Note the coastal distinction: storm-surge/rising-water flood is generally excluded and needs separate flood coverage.
The coverage
Covered water damage; flood is separate. Sudden, accidental water damage is generally covered; gradual leaks and rising-water flood are not. For a ground-floor or low-elevation Lowcountry unit, a separate flood policy is worth discussing.
This Coverage Explorer is general education only and is illustrative. It describes common condo exposures and how coverage generally responds — it is not insurance advice, a quote, or a coverage determination, and it does not amend, modify, or supplement any insurance policy or your association’s master policy. Actual coverage, exclusions, deductibles, and limits are governed solely by the terms of your issued policy and your HOA documents. No coverage can be bound, changed, or confirmed through this tool. For guidance on your specific unit, speak with a licensed GSP Insurance Group producer and refer to your actual policy.
Questions about your coastal coverage?
Every home is different. Talk with a licensed GSP producer and we'll review your specific policy and exposures.