Reasons to Invest in Home Insurance in UAE

Home insurance investment is one of the most crucial investments in the UAE. It’s important to have this one so that your property is financially covered against any unforeseen situation- a natural calamity, theft, and so on. 

Whether you are a landlord, a tenant, or a property owner, you can get household insurance to financially protect the house and its valuable items- whether you are home or away for a few days. 

 

Protection Against Legal Liabilities 

One of the sections in the home insurance policy is that of liability insurance. 

Under this, financial losses from property damage and personal injuries caused by you to others are covered. This also covers damages that your family causes to a third party.  

Another aspect of a home insurance plan is common liability. It helps with claims that require you to compensate another person. This can happen in case another person is injured due to accidentally tripping in your house or a tree in your home or its branches fall into the neighbour’s property and damage it. 

 

Anything for Tenants?

Yes, there’s another type of legal liability coverage you can get if you are a tenant- Tenant’s Liability Coverage. 

If you have this home insurance cover, you are financially covered against any expenses you incur if you accidentally damage the landlord’s property. 

 

 

Protection Against Natural Disasters

Comprehensive home insurance generally covers 2 aspects of your property against natural disasters — the home and its damaged content (including the clothes, appliances, furniture, and other valuable articles). 

Usually, if you live in a high-risk area, your basic home insurance will not cover you against hurricanes, floods, or tornadoes. Your basic plan provider can even put a clause about not providing coverage against them. 

Thus, opting for a comprehensive home insurance plan is important. 

 

Cover Against Man-made Dangers

Another aspect regarding the importance of home insurance is that it offers coverage against loss of valuables in case of theft or burglaries like crime. The private property limits are set as a portion of your home coverage, which determines the amount that your insurance provider will reimburse you in case of theft. 

For further clarification about the right plan, connect with our insurance experts today!

 

Connect With Our EXPERT Now