Parking at owner’s risk – a warning by co-operative society
It is observed in almost every co-operative housing society that a Warning Board or a Notice Board has been placed at parking places
VEHICLE AND CONTENTS
ARE LEFT ENTIRELY
AT OWNER’S RISK
Such a warning notice put up by the Managing Committee of the Society works wonders for all those who are to park their vehicles in the premises of the Society. Whether residents or non residents of the Society will secure their vehicles and check contents and lock arrangements have been done by them as the risk is of the owner.
But this is entirely the option of the owner of the vehicle to look from a different angle. Society parking are managed parking. Once the Society allows any one whether a resident or a non resident, to park their vehicle in the society, it makes itself responsible for theft of articles, breakage of vehicle parts or the theft of entire vehicle.
If the society or a plot is private land and is allowing others to park their vehicles but not charging any money and not having any gate to regulate the entry/exit of vehicles, only in that case the owner of the land is not responsible for loss of vehicle or loss of articles lying in the vehicle.
In case of a Society, the Society has charged money from the members and therefore the society management or managing committee is solely responsible for vicarious liability if the vehicle or articles on the premises are lost.
In case a co-operative housing society want to make themselves protected from such liability, they have to take a insurance policy for their vicarious liability from any General Insurance Company.
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