Housing Society Insurance

Yours Is A Bustling Residential Complex. Your Cooperative Society Is Entrusted With Managing The Affairs Of The Society, Handling Staff And Managing Administration. We Know You Have Little Time To Think About Managing All The Risks Involved, But With Little Security Your Building And Residents Are Often Exposed To Various Risks And Liabilities.

Tata AIG General Insurance Company Limited Offers A Complete Insurance Package That Has Been Specially Designed Keeping In Mind The Insurance Needs Of Your Society. It Is A One Touch Insurance Solution That Covers You And Your Society From Threats Like, Fire, Malicious Damage, Riot, Earthquake, Burglary, Damage To Property Etc.

Key Features
This insurance offers risk solutions suitable to most of housing societies' insurance requirements.

Standard Fire and Special Perils: Covers your property against loss or damage due to
Fire
Lightning Explosion / Implosion
Aircraft damage
Riot strike and malicious damage
Storm, cyclone, typhoon, tempest hurricane, tornado, flood and inundation
Impact damage due to rail road vehicle or animal not belonging to insured, Subsidence and landslide including rockslide
Bursting and/or overflowing of water tanks apparatus and pipes
Missile testing operations
Leakage from automatic sprinkler installations &
Bush fire

Benefits
You can opt for the following optional covers below:

Burglary: Covers all contents (covered under Standard Fire & Special perils) against Burglary or Housebreaking (theft following upon an actual forcible and violent entry of or exit from the premises), or Holdup including Robbery

Money in Safe: Covers loss of money (cash, bank notes, currency notes / coins, bank drafts, cheques, postal orders, money orders, treasury notes, current postage and revenue stamps) belonging to the business of the insured whilst securely kept in the insured premises and loss or damage to any safe, strong room or cash box securing money

Workmen's Compensation: Covers You for your liability under the Workmen's Compensation Act' 1923 and /or Fatal accidents Act'1855 and Common law to pay compensation to employees for bodily injury or death caused due to accidents/occupational diseases arising out of and in course of employment

Public liability: Protects You against your legal liability in respect of accidental bodily injury to third parties and or accidental loss and /or damage to property belonging to third parties

Exclusions

Standard fire & Special peril: Loss, destruction or damage caused by
War or war like operations
Ionizing radiations, contaminations by radioactive, nuclear fuels or waste
Pollution or contaminations losses
Losses of earnings or loss of Market

Burglary: Loss, Destruction or damage caused by:
Fire or explosions
Inmates or member of the insured's household or business staff

Money: Loss, destruction or damage caused by
Collusion by any employee or agent of the Insured
Use of keys or duplicate keys
Use of counterfeit money

Workmen's compensation: Liability arising out of:
Willful or intentional non compliance of any statutory provision
Fines, penalties, punitive and / or exemplary damages