What does a Georgia HOA master policy actually cover?

A Georgia HOA master policy covers common areas and shared structures (lobbies, roofs, exterior walls) and typically includes general liability for the HOA itself. It does not cover individual unit owners' interiors, personal property, or personal liability. Unit owners need HO-6 condo insurance separately. The HOA master policy does not cover improvements inside individual units beyond the original developer build-out unless it is an all-in policy. The key question to answer for each HOA placement is all-in vs bare-walls, which determines what each unit owner must insure themselves.