What is Flat Owners Association Insurance?
Complete Protection for Apartment Associations & Resident Welfare Bodies
Flat Owners Association Insurance is designed to protect the assets and
responsibilities of flat owners associations, housing committees, and
resident welfare associations. It provides financial security for common
property, shared assets, and building infrastructure in case of fire and
related risks.
Housing associations manage important common facilities such as lifts,
parking areas, security systems, water pumps, and electrical installations.
Risks like fire, electrical short circuits, water leakage, floods, storms,
and natural disasters can cause heavy repair costs. This insurance helps
associations manage expenses smoothly without burdening individual flat
owners.
Flat Owners Association Insurance
What's Covered?
Fire Damage Protection
Covers accidental fire damage to common property and association-managed assets.
Common Property Protection
Protects building structure, lobbies, corridors, staircases, and shared areas.
Lift & Elevator Systems
Covers elevators, lift machinery, and related equipment.
Electrical Systems
Protects transformers, wiring, panels, and common electricity infrastructure.
Water Supply Systems
Covers water pumps, pipelines, tanks, and plumbing systems.
Natural Calamities
Protection against floods, storms, earthquakes, and other natural disasters.
Burglary & Theft (Optional Cover)
Covers loss of common assets like pumps, cables, and equipment due to theft.
Fire Safety Equipment
Protects fire extinguishers, hydrants, and safety systems installed in the society.
