What is Residential Society Insurance?
Complete Protection for Housing Societies & Residential Buildings
Residential Society Insurance is designed to protect housing societies,
apartment complexes, and residential buildings from fire and related risks.
It provides financial security for the building structure, common areas,
and society assets in case of accidental damage.
Housing societies face risks such as fire, electrical short circuits, gas
leakage, floods, storms, and earthquakes. This insurance helps society
management reduce financial burden and repair damages quickly to ensure
safe living for residents.
Residential Society Insurance
What's Covered?
Fire Damage Protection
Covers accidental fire damage to the building structure and society property.
Building Structure Protection
Protects residential buildings, flats (common structure), and construction parts.
Common Area Protection
Covers lobbies, staircases, lifts, parking areas, and corridors.
Electrical Short Circuit Damage
Protects wiring systems, transformers, panels, and society electrical installations.
Water Damage & Leakage
Covers pipe bursts, water leakage, and related structural damage.
Natural Calamities
Protection against floods, storms, earthquakes, and other natural disasters.
Burglary & Theft (Optional Cover)
Covers loss of society assets like pumps, cables, and common equipment.
Fire Fighting Equipment
Protects fire extinguishers, hydrants, and safety systems installed in society.
