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BUILDING INSURANCE


BUILDING'S INSURANCE FOR SOCIETIES.


We all live in a society comprising of various residential units / flats.
Being a co-operative housing society there are various risk involved as such getting protected should be of foremost importance. Therefore the law has made it mandatory under BYE LAWS OF THE CO-OPERATIVE HOUSING SOCITEY, MAHARASHTRA STATE U/s. XVII / 161 STATES “ THE SOCIETY SHALL INSURE IT’S BUILDING/BUILDING’S NECESSARILY AGAINST RISK OF FIRE & EARTHQUAKE”.
Coverage at a glance.
¨      Standard Fire & Allied Perils :- One can insure society buildings / property against damage due to Fire , Lighting, Explosion/ Implosion, Aircraft damage, Riot, Strike Malicious damage, Impact damage, Bursting of Overhead water tanks & Missile testing operations.
¨      Add On Covers :-
Earthquake, Terrorism, Storm, Flood, Tempest & Inundation can be covered by paying additional premium.
Exclusions : -
Loss Destruction or Damage caused by :-
¨      War or War like operations.
¨      Ionising, radiation, contamination by radioactivity, nuclear fuels or waste.
To Understand more on the same kindly refer the fine print of the respective insurance co's or
 Write in to :-
planmyinsurance@gmail.com


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