Some of the housing societies provide home insurance cover for all the residents and owners of the houses with respect to that society. This is similar to the home insurance offered by the home insurance companies like gainsville insurance. It should be noted that the home insurance taken by these housing societies for the members of the society cover only the insurance for the building structure. The home insurance does not provide for the contents or belongings kept in the houses of the different members or residents of the society. If the members or owners of the houses in the society wants to have protection for the belongings and contents in their houses, they have to take a separate insurance for coverage of their contents and belongings. It should be noted that the home insurance provided by these home insurance companies like gainsville insurance does not cover or give insurance if the house is used for the purpose of business. So even if part of the house is used for the purpose of business for example if the part of the house is used for taking coaching classes. It is presumed that the house is used for business purpose and so the insurance cover is not provided.
Jan
16