South Carolina HOA and condo insurance, where the statute sets no property floor and the lender bar and coastal wind fill the gap. The Horizontal Property Act says insure the property, but not how much

The Charleston, Myrtle Beach, and Hilton Head markets drive a heavy coastal book of oceanfront and near-coast condominiums, high-rise resort towers, and planned communities, all carrying hurricane wind exposure and percentage wind deductibles. This is where the property placement gets difficult and where the residual wind market comes into play.

Inland, the Columbia and Greenville metros carry a more conventional stock of condominiums, townhomes, and planned communities, where the conversation is replacement-cost adequacy, warrantability, and the common-area liability and D&O the statute never mentions.

Wind is the defining variable on the coast. Beachfront and near-coast associations in the Charleston, Beaufort, Georgetown, and Horry county areas carry separate named-storm or hurricane deductibles expressed as a percentage of insured value, and on a resort high-rise that percentage becomes a large dollar number that passes through to owners as a special assessment. In the coastal zone, associations frequently rely on the South Carolina Wind and Hail Underwriting Association, the state's residual wind market, for the wind peril, layered with a separate property policy for the other perils. That split structure needs careful coordination so there is no gap between the two.

Placement runs through the dedicated community-association specialty markets, sized to the building type, the wind exposure, and the distance to the coast. The recurring gaps we find are a master policy written to actual cash value rather than replacement cost, relying on the statute's silence, and coastal owners carrying too little loss assessment coverage to absorb a percentage wind deductible.