Home Insurance in the UAE

We often hear frightening stories of accidental fires on property that have caused huge losses to homeowners. And severe damages, even to the neighbouring property. A home is your prized asset. And an insurance policy can protect your property from plenty of headaches in the long run. By law, it turns out homeowners’ insurance policy is not compulsory in the UAE. But it’s always to your best advantage to own one.

Home insurance covers your home and its surrounding external structures for loss or damages caused by mishaps. This includes the outbuildings, garage, gates, and fences, along with permanently attached fixtures. This is solar panels, walls, ceilings, and floor coverings.

When buying a property on loan, the lending banker may insist the you to protect your property with insurance. This is to cover building losses or major maintenance works. However, taking home insurance cover is solely left to the property owner’s discretion when buying a property with cash.

As a first-time property buyer in the UAE, we present you with several reasons why investing in a good home insurance plan is a wise decision you can make.

Financial protection

You have already gone through the hassle of raising large sums of money for your new home. Or you no means prepared to take on financial burdens against major repairs caused from natural disasters (floods or storms). So, if a disaster destroys your home, you can save yourself the expensive expenses. Because the policy not only covers the cost of reconstruction, but also helps you with the cost of alternative housing until your home is habitable again.

Content protection

You have spent years buying your precious valuables and a massive fire or theft can snatch away all your hard-earned possession in one go, leaving you in despair. In such testing times, it is a major relief when the insurance policy will compensate you for the loss as agreed, softening the hard-hit blow. One of the covers, contents insurance compensates for loss or damage to belongings inside your home that include furniture, electronic gadgets and jewelry. However, note that most insurance companies set a specified limit for different categories of personal possessions.

Personal liability cover

There’s always a chance a visitor could get injured on your property or an accident in your premise. This can shatter neighbouring property. In all cases, you are liable to compensate for the damages to the third-party and can be sued for the expenses. In such cases, insurance comes to rescue by covering the medical and legal fees that accrue as a result of the case.

Stress-free living

Catastrophes can hit any moment and home insurance policy is the best financial defense against unexpected events in life. Offering coverage against various perils of nature, the policy will help you bounce back to normal in no time. In the end, homeowners’ insurance isn’t something you are forced to buy – it’s something you’ll want to have having understood its significance for a carefree life.

Secure your home from unexpected loss

Now that you appreciate the reasons for owning a home insurance policy, wait no further to access its promising benefits. Being well versed with the insurance market in UAE, we understand homeowners have different needs and that’s why we offer customized policies to protect your investment. Get in touch with our insurance brokers in the UAE for the best insurance policies.