Home Insurance has two elements: buildings and contents. The building element covers the actual building usually against fire, flood and other potentially damaging events. Insuring for these events is the responsibility of the owner of the property. Contents insurance covers those items within the property. For example, these policies cover events like theft and accidental damage.
How Can It Help Me?
A building is a valuable asset and so most people would want to replace it if it was lost due to an unforeseen event. The same is true for contents insurance.
When Would I Use It?
Most people have home insurance when they buy a property or begin to accumulate assets which they could not afford to easily replace.
What Else Should I know?
Most policies work on a replacement basis which means that you will be paid the estimated value of the item which you are claiming for. The alternative is a new for old policy. This provides you with a new product.
Who are the Major Providers in UAE?
Links to the websites of two major providers of Home Insurance are below:
For more information please contact us.