I live in an apartment complex in Mumbai. There are around 100 flats in the complex insured against earthquake, fire etc. Can I flat owner buy additional insurance for his property? Assuming that a major disaster destroys the entire building, how much can 1 apartment owner claim?
Will it be divided equally? Or should I buy an additional home insurance to be on the safer side?? I dont have any housing loan otherwise this would have covered the insurance part…Please help I am confused whether to buy the additional insurance or avoid it since I am not getting any tax benefits as well on premium…