Georgia has approximately ~220,000 condo units. Average HO-6 (condo) insurance premium is $460/yr, or $30-$54/month. The dominant HOA master policy type is "Bare walls-in", and we recommend at least $45,000 recommended in loss assessment coverage.
Avg HO-6 Premium
$460/yr
$30-$54/month
Master Policy Type
Bare walls-in
Determines what YOU need
Loss Assessment
$45,000 recommended
Recommended limit
| Topic | Detail | Notes |
|---|---|---|
| Condo unit inventory | ~220,000 condo units | Tracks the size of the local condo market |
| Master policy form prevalence | Bare walls-in | Bare walls-in needs more individual coverage |
| Top HO-6 carriers | State Farm, Allstate, Farmers, USAA, Travelers | Premiums vary 30%+ between carriers |
| Loss assessment recommendation | $45,000 recommended | Default $1K is dangerously low |
HO-6 premiums vary by master policy type, building age, deductible, and personal property coverage. Loss assessment claims have spiked since the Surfside 2021 collapse drove tighter inspection requirements in many states.
Georgia's condo market is dominated by the Atlanta metropolitan area — Midtown, Buckhead, Inman Park, and the expanding suburban ring — with smaller but significant markets in Savannah, Augusta, and Columbus. Atlanta's condo boom from the mid-2000s produced a large inventory of mid-rise and high-rise buildings, most of which carry bare walls-in HOA master policies. Savannah and the Golden Isles face hurricane and tropical storm risk from the Atlantic, while tornado and severe thunderstorm risk is present statewide. Georgia does not have meaningful state-level oversight of HOA master policy forms, so unit owners must do their own due diligence.
Georgia condo owners — particularly in Atlanta high-rises — should confirm the master policy type and carry sufficient Coverage A on their HO-6 to rebuild the entire interior under a bare walls-in scenario. Loss Assessment coverage of $45,000 is a reasonable baseline for the Atlanta market; higher is advisable for large high-rise communities with expensive common amenity systems (elevators, HVAC, rooftop pools). Savannah and coastal condo owners should add flood insurance through NFIP or a private carrier given the risk of storm surge from Atlantic hurricanes. Ordinance-or-law endorsements are worth considering in older Atlanta buildings subject to fire code and accessibility retrofitting requirements.
Your HOA's master policy covers the building's structure and common areas. Your HO-6 covers everything not insured by the master — typically interior walls, floors, fixtures, personal property, liability, and loss assessments. The MASTER POLICY TYPE matters most: in a "bare walls-in" building, you're responsible for drywall inward.
If a covered loss exceeds the master policy limits or deductible, the HOA charges each unit owner a special assessment. Loss assessment coverage on your HO-6 reimburses you up to its limit. Default is usually $1,000 — but post-2021 Surfside collapse and Florida's SB-4D inspection law, $50,000+ is now recommended for older buildings.
Georgia's Property Owners' Association Act does not require HOAs to carry all-in master policies; unit owners must verify master policy type independently, as bare walls-in is most common in Atlanta-area buildings.
💡 Georgia Pro Tip
Georgia HO-6 premiums average around $460 per year, or $30–$54 per month. Atlanta Midtown and Buckhead condos typically run $420–$580 annually. Savannah coastal condos may cost $550–$750 per year due to hurricane exposure. Suburban and inland Georgia condos are generally $350–$440 per year.
Georgia HOAs most commonly carry bare walls-in master policies, covering only the structural shell of the building. Your HO-6 must cover the entire interior of your unit — drywall, flooring, kitchen and bath finishes, appliances, personal property, and liability. In Atlanta high-rises where interior finishes can be substantial, make sure your Coverage A limit is set to the actual rebuild cost of your unit's interior, not just the purchase price.
Standard Georgia HO-6 policies cover wind damage from both tornadoes and hurricanes. If a tornado or hurricane damages common areas or the building exterior, the HOA master policy handles those repairs, but you may receive a loss assessment for your share of costs exceeding the master policy's deductible. Flood damage from hurricane rainfall or storm surge is excluded and requires a separate flood policy — especially important for Savannah-area condos near tidal waterways.
Condo inventory and premium estimates from state insurance department filings and NAIC condo market data, May 2026. Always verify your HOA's master policy form before purchasing.
Michael Torres
Editorial Lead, Catastrophe & Commercial Property
This article was researched and written by the Cover Forge USA editorial team against federal sources (NAIC, CMS, FEMA, DOL, SSA, state DOIs) and standard policy forms. Bylines organize content by topic — they do not assert individual licensure. See our editorial-policy for details.
Reviewed May 2026
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This site provides general educational information only and is not a substitute for professional insurance advice. All rates, data, and coverage details are estimates and may not reflect your actual premiums. Insurance availability and pricing vary by state, insurer, and individual risk factors. Always consult a licensed insurance professional in your state before making coverage decisions.