Your home is your nest for your family. After renting houses for many years it’s only natural to go for the next step – buy a home! But this urge for home ownership in Dubai, does not always match awareness of the insurance cover you need to protect your new asset. Our homes are subject to many risks- fires, flooding, theft and more, and imagine the financial and emotional stress of coping with such an incident. In case of fire or an earthquake, or in case of water leakage when you go for extended holidays or leaves, your home can suffer damages. Getting home insurance means getting peace of mind! The very affordable cost of insuring your home is a small price to pay when you consider how much you spend on your annual house rent or home loan instalments, and furnishing your home. You can very well say that your home is not complete if the building, furnishings and valuables are not insured.
Types of Home insurance covers in Dubai
Building cover
The physical premises or building structure is covered and is a must-have if you own a home, whether you live in it or rent it out. For Villa owners, building insurance is their sole responsibility. But for apartment blocks, the building owners’ association or the managing developer of the tower has the responsibility.
Home contents cover
The contents of your home like furniture, household goods and appliances are covered. Suitable for both home owners, as well as tenants.
Personal belongings cover
Your personal belongings and valuables like personal electronic devices (your smartphone or laptop), jewelry, and other gadgets that can be carried outside can be covered with a separate insurance plan.
The landlord should compulsorily insure the structure of the building which is his investment in the property, the tenant should take the responsibility to insure the contents of the home.
Benefits of Home contents Insurance
- Covers for your home contents in case of accidental loss or damage due to natural calamities or any unforeseen events
- Loss of personal belongings and valuables is covered while travelling for up to 90 days
- Your household contents will be covered against any damage while relocating in Dubai.
- Your household contents are covered even when you are on holiday up to 60 consecutive days
- Important documents like passport, labor card, driving license, etc are covered against any loss or damage
Consult Home insurance agent in Dubai for all your Insurance needs