Try GOLD - Free
What RWA and flat owners need to know about fire insurance
Mint Ahmedabad
|August 18, 2025
Our resident welfare association (RWA) has taken fire insurance covering the structure of the building.
As a flat owner, would my flat be covered if a fire occurs only in my flat without affecting the overall building? What is the process in such a case? What coverages should the RWA ideally have? Anything specific that I should take care of?
—Name withheld on request
Several RWAs take fire insurance for group housing complexes, which helps with administrative ease and cost efficiency. In such cases, even if a single flat is damaged due to covered perils, the claim is admissible. Whenever an incident occurs, the RWA must immediately inform the insurer. The insurer then appoints a surveyor to inspect the site and assess the claim.
This story is from the August 18, 2025 edition of Mint Ahmedabad.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Ahmedabad
Mint Ahmedabad
Don't count on Fed rate cuts to reduce long-term bond yields
Trying to force them down will cause more problems than it solves
3 mins
December 18, 2025
Mint Ahmedabad
MUFG eyes 20% in Shriram Fin for $5 bn
Shriram Finance's board will also mull fundraising routes such as a rights issue, preferential allotment or QIP
2 mins
December 18, 2025
Mint Ahmedabad
Mind the gaps: Why India's GDP measurement requires a reset
Next year's base revision offers us a chance to improve data accuracy and five reform measures should help achieve that goal
4 mins
December 18, 2025
Mint Ahmedabad
Punjab plans EV sops in new industrial policy as states compete for capital
The electric vehicles (EV) sector is expected to take centre stage in Punjab, as the state lines up an expanded package of incentives to attract fresh investments under the new industrial policy that is likely to be launched in January.
2 mins
December 18, 2025
Mint Ahmedabad
TCS AI revenue at $1.5 bn, $11 bn from new-age services
than just a new technology.
1 mins
December 18, 2025
Mint Ahmedabad
Bill to let pvt cos into N-Power gets LS nod
The Lok Sabha on Wednesday passed the Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (Shanti) Bill, 2025, to open up nuclear power generation to private players.
1 min
December 18, 2025
Mint Ahmedabad
Fall in premium not the only growth pill for health insurers
Industry still grapples with issues such as high medical inflation and inadequate coverage
3 mins
December 18, 2025
Mint Ahmedabad
Spooked by AI and layoffs, white-collar workers see their security slip away
Office workers are filled with anxiety.
5 mins
December 18, 2025
Mint Ahmedabad
Big Tech is taking over much more than just our minds
Denmark has cancelled Christmas-or Christmas cards at any rate.
3 mins
December 18, 2025
Mint Ahmedabad
'Rising MF firepower softens impact of FII outflows'
There was a time when heavy foreign investor selling could rattle Indian equity markets.
2 mins
December 18, 2025
Listen
Translate
Change font size