Cryptic crossword clue
Insular offshore location‘s funds protecting Greek character 6

The most common and most likely answer to this crossword clue is the 6 letter word ISCHIA

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Buddy explains!

The straight part
We know that "Insular offshore location" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case insular offshore location = ischia.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does ISCHIA mean?

ISCHIA noun
  1. The lowest of the three bones that make up each side of the pelvis.

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