Home Insurance Facts in UAE - Dubai, Sharjah, Abu Dhabi etc

Home Insurance UAE can be your saviour in the eleventh hour if a mishap occurs at your home.

In today’s times, buying home insurance is crucial for unexpected situations like fires, thefts, or plumbing issues. This is because it financially secures your property and its contents in such scenarios.

Facts You Should Be Aware about Home Insurance UAE

While the benefits of home insurance are plenty, we must also be aware of some facts about home insurance in the UAE to make an informed decision.

Even if You Rent an Insured Home, You are not Covered

Tenants often end up mistaking that their home contents and personal belongings are automatically covered if they rent an insured house. However, as a tenant living in such a property, you would still need household contents cover.

In case there is a mishap like an accidental electrical fire or a plumbing issue when you are away from home, you will need household contents cover to have the costs of replacing the household items covered.

Understand the Importance of Insuring the Building Structure

Structural damage to a building can be very expensive- whether caused by subsidence, poor construction, fire, or water. These costs can be so high that property owners might sell their property cheaply. The right insurance coverage prevents this.

In an apartment, commercial insurance covers the exterior, you only need to insure your unit. For a villa, insure both the exterior and interior. Additionally, it’s wise to include household contents and personal belongings in your coverage if you own the property.

Primary Covers Offered under Home Insurance in the UAE

Having understood what is home insurance, it’s time to find out what is covered under home insurance in UAE. Here are the key house insurance features-

Buildings: If you are a homeowner, you can apply for this cover. The cover for buildings includes financial protection against any physical damage to the property due to accidents or natural disasters.
Contents: This usually includes coverage against damages or loss of appliances like televisions, kitchen appliances, laundry appliances, and furniture. This type of insurance is often bought by tenants to cover their items in case they are not home.
Personal Possessions/Belongings: This financially covers documents like passports, driving licences, or valuables like jewellery or laptops. This type of home insurance UAE covers your personal belongings wherever you go.

💡Tip: You can also consider liability insurance. This will be beneficial in case someone gets hurt on your property.