The coverage of a home insurance includes losses due to natural disasters, accidents, or theft. While the extent of coverage varies depending on the policy, a home insurance has four standard types of coverage:
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Structural coverage for your home that protects your finances from expenses associated with fixing damages caused by accidents, fire, and other disasters
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Liability protection that protects you from lawsuits in case you are held liable for damage to other properties
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Coverage on personal belongings that were damaged, stolen, or destroyed
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Financial protection against additional living expendituresin case you need to live away from your home due to structural damages that require major repairs
UAE insurance companies offer a wide array of insurance policies that are designed to address every homeowner’s needs. To help you scout for a policy, let’s break down the types of home insurance into four major categories:
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Insurance for single family homes offer protection for individual household units
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Insurance for condos and coops was designed specifically for either condo owners or coop tenants
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Insurance for landlords protects not just one home, but an entire building or rental space
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Insurance for tenants is a kind of protection made specifically for tenants who want to protect their personal property/belongings from natural calamities, theft, or accidents
The level of coverage you receive is highly dependent on the policy you acquire. So always make it a habit to compare insurance UAE so you can get the most out of your insurance policy.
As a 3rd party property insurance team, Damanak gets you in touch with trusty home insurance companies that offer round-the-clock services. You can process your claims remotely, 24/7. Just send our partners a message and you can definitely put your burdens to rest.
Home insurance applications require documents that serve as proof of eligibility, including the following:
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Valid ID (i.e., passport, driver’s license)
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Proof of property ownership, if applicable
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Rent agreement, if applicable
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Utility bills (i.e., electricity bill, telephone bill, etc.)