The newly bought apartments should always be encouraged to be insured for the future uses and also to ensure safe living.
The insurance for the apartment needs to be done individually by the owners irrespective of the placement of the flat in the apartment.
Ajay Bimbhet, MD, Royal Sundaram Alliance Insurance reported saying that any insurance rejection is possible wherein the case of any apartment carrying down the commercial activity in it. However until and unless the house owner breaches the insurance agreement the insurance will serve the purpose completely.
If in case of the apartment is ahead taking care of the re-construction of the flat, in these kind of situations the apartment will hold the responsibility for the same but not the insurance companies.