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Section 14: Insurance

The Rajasthan Apartment Ownership Act 2015State Act of Rajasthan · Act 12 of 2019

(1) The Association-

(a) shall have, if requested so to do by a mortgagee having a first mortgage covering an apartment, the authority to, and

(b) shall, if required so to do by the bye-laws or by a majority of the apartment owners, obtain insurance for the property against loss or damage by fire or other hazards under such terms and for such amounts as shall be so requested or required.

(2) Such insurance coverage shall be written on the property in the name of the Association as trustee for each of the apartment owners in the percentages specified in the bye-laws.

(3) The premia payable in respect of every such insurance shall be included in common expenses.

(4) The provisions of sub-sections (1) to (3) shall be without prejudice to the right of each of the apartment owner to insure his own apartment for his benefit.

Where this provision sits

ActThe Rajasthan Apartment Ownership Act 2015
Section14
Marginal noteInsurance
JurisdictionState of Rajasthan
StatusIn force as published by the source

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