Earthquake Home Insurance Coverage: A Detailed Guide

This is where home insurance plays a key role, covering our homes and possessions against sudden natural disasters like earthquakes. If you are looking for earthquake home insurance, then you must understand that it’s an inbuilt feature of home insurance plans in the UAE.

In this article, you will learn about many things related to home insurance with earthquake coverage in the UAE.

What is Earthquake Home Insurance Coverage?

Earthquake house insurance coverage provides financial protection against unanticipated events like earthquakes. This coverage ensures that you are compensated for earthquake-related damages or losses that are beyond repair. Typically, home insurance in the UAE includes earthquake coverage. This inbuilt feature is equally important for homeowners and tenants as it covers the unplanned financial burden.

While the UAE is not in a high-risk earthquake zone, still it’s crucial to get home insurance with earthquake coverage. Having this type of coverage not only covers loss/damages but also protects you financially.

Why is Home Insurance with Earthquake Coverage Important in UAE?

As said earlier, earthquakes can lead to massive damages, as these types of incidents are unpredictable. However, the UAE has not experienced devastating earthquakes yet, but planning ahead is better to battle the damage.

Sometimes, earthquake damages can be beyond your imagination and can utterly damage your property. It puts a significant financial strain on your pocket because it is difficult to recover assets and damaged property caused by earthquakes.

Evaluating all these risks and burdens, it’s essential to get a comprehensive home insurance plan in the UAE. Many home insurers generally offer earthquake coverage that provides significant financial assistance in case of natural disasters. It covers all the damages or losses of insured buildings and contents, helping you recover faster. Along with this, you can live with peace of mind, knowing that you are insured against all the eventualities.

Do You Know❓
In 2022, the UAE witnessed 144 earthquakes, the greatest of which measured 6 in magnitude.

Home Insurance Earthquake Coverage Inclusions

Here’s an overview of the common inclusions under home insurance with earthquake coverage:

Building Coverage:

With home insurance, you can get compensation for loss/damage of your insured building, whether it’s structural damage or loss of fixtures and fittings.

Content Coverage:

In addition to the building coverage, home insurance with earthquake coverage also protects the belongings and contents inside your home. This includes compensation for any loss or damage to your valuables.

What is Not Covered Under Home Insurance Earthquake Coverage?

Find below the common exclusions under home insurance with earthquake coverage:

• Breakage of fixed glass and sanitary fixtures, such as fixed baths, solar panel units, washbasins, and more
• War, civil war, terrorism, and related events
• Radioactivity and sonic bangs
• Wear and tear
• Pollution and contamination

Note: Your policy may have different inclusions and exclusions. It’s advisable to check the specifications of your chosen plan.

How to Raise a Claim Against Earthquake Home Insurance?

Here are the simple steps for filing a home insurance with earthquake coverage:

• Immediately inform your home insurance provider to start the claim process
• Collect the evidence, if possible, click photos and videos of the damages to show as supporting documents
• Submit all the essential documents to the insurer
• After starting the claim process, the insurance company may provide a claim investigator—cooperate with them to foster the claim process
• Once your claim request is approved, you will receive the compensation amount

Note: The home insurer may request additional documents or information, so prepare the policy-related documents in advance to avoid any delays.

Useful Tips to Get the Best Earthquake Home Insurance Coverage

To find the best home insurer in the UAE that offers earthquake coverage, consider the following tips:

• Assess Your Needs: It is crucial to buy a home insurance policy as per your individual requirements. For instance, if you are living in an earthquake-prone area in the UAE, you must opt for comprehensive insurance with add-ons, even if the premium is a bit high. It gives you extended protection.
• Compare Insurance Providers: Compare the coverage options, premiums, and additional benefits from various home insurers, helping you make an informed decision. For this, you can consider Google reviews and testimonials of the home insurance company.
• Review Policy Details: It is crucial to read the terms and conditions of each policy to understand the extent of earthquake coverage, exclusions, deductibles, and claim procedures.
• Assess the Claim Process: While earthquake coverage is standard in most of the home insurance plans in the UAE, it’s essential to consider the claim process. You must look for an insurer with a high claim settlement ratio with robust customer support.
• Compare Premium Cost: Look for insurers offering comprehensive home insurance plans under your budget. It is important to compare the quotes of different providers to find the best deal. Consider Policybazaar.ae to evaluate the quotes of top home insurance providers in the UAE.

Frequently Asked Questions