Subscribe

    Get the latest news from MoneySaverWorld about how to make, save &

    What's Hot

    Best Complimentary Hotel Stay in Dubai by Emirates Airlines in 2023

    May 31, 2023

    Become a Freelancer: 7 Best Websites to Find Jobs Online

    May 23, 2023

    9 Genius Ways to Make Money With ChatGPT

    May 21, 2023
    Facebook Twitter Instagram
    Trending
    • Best Complimentary Hotel Stay in Dubai by Emirates Airlines in 2023
    • Become a Freelancer: 7 Best Websites to Find Jobs Online
    • 9 Genius Ways to Make Money With ChatGPT
    • 10 Easy Money-Saving Travel Tips & Hacks
    • 8 Handy Tips to Make Friends in UAE For Free
    • 13 Best Places To Get Bubble Tea in Dubai
    • A Quick Guide to Check Your Credit Score Report in UAE
    • 7 Best Ways to Get Paid Watching Netflix
    Facebook Instagram
    MoneySaverWorldMoneySaverWorld
    • Make Money
      1. Affiliate Marketing
      2. Content Creation
      3. No Skills Required
      4. View All

      How to Create a Lucrative Affiliate Website: A Step by Step Guide

      February 2, 2023

      10 Best Ways to Make Money with Amazon

      January 25, 2023

      11 Best Affiliate Programs with Recurring Commissions

      January 21, 2023

      8 Best VPN Affiliate Program to Make Money in UAE 

      October 17, 2022

      6 Ways To Make Money on Spotify

      April 1, 2023

      9 Best Ways to Make Money on YouTube in 2023

      March 19, 2023

      11 Smart Ways to Monetize a Podcast

      March 19, 2023

      9 Best Ways to Make Money with Canva

      January 27, 2023

      9 Genius Ways to Make Money With ChatGPT

      May 21, 2023

      7 Best Ways to Get Paid Watching Netflix

      April 27, 2023

      9 Best Ways to Make Money on YouTube in 2023

      March 19, 2023

      How to Create a Lucrative Affiliate Website: A Step by Step Guide

      February 2, 2023

      Become a Freelancer: 7 Best Websites to Find Jobs Online

      May 23, 2023

      9 Genius Ways to Make Money With ChatGPT

      May 21, 2023

      7 Best Ways to Get Paid Watching Netflix

      April 27, 2023

      6 Ways To Make Money on Spotify

      April 1, 2023
    • Save Money
      1. Daily Life
      2. View All

      10 Best Budgeting Apps that You Must Download in 2023

      March 19, 2023

      Dubai to other Emirates by Public Bus – How To Travel for Cheap

      January 29, 2023

      8 Best Membership Programs You Need to Sign Up For in UAE

      January 23, 2023

      3 Tips to Save & Avoid Salik Fines in Dubai

      December 25, 2022

      Ramadan in Dubai: 6 Incredible Tips To Save Money

      March 19, 2023

      10 Best Budgeting Apps that You Must Download in 2023

      March 19, 2023

      Dubai to other Emirates by Public Bus – How To Travel for Cheap

      January 29, 2023

      8 Best Membership Programs You Need to Sign Up For in UAE

      January 23, 2023
    • Invest Money
      1. Crypto
      2. Real Estate
      3. Self Investment
      4. Stocks & Bonds
      5. View All

      6 Smart Ways to Spend Cryptocurrencies in Dubai

      January 31, 2023

      How to Buy NFTs for Profit in UAE

      December 21, 2021

      Top 10 Crypto Exchanges in the UAE

      November 23, 2021

      Top 7 Countries to Invest Money in Real Estate

      November 10, 2022

      Best real estate investment in Dubai with AED 500

      November 7, 2021

      15 Smart Money Habits that Will Change Your Life

      April 9, 2023

      Top 10 Money-Making Books That You Must Read in 2023

      April 8, 2023

      23 Smart Ways to Invest in Yourself and Become Indispensable

      April 6, 2023

      National Bonds in the UAE: Everything You Need to Know

      August 25, 2022

      10 Best Halal Investment Options in UAE

      April 10, 2023

      15 Smart Money Habits that Will Change Your Life

      April 9, 2023

      Top 10 Money-Making Books That You Must Read in 2023

      April 8, 2023

      23 Smart Ways to Invest in Yourself and Become Indispensable

      April 6, 2023
    • Banking & Insurance
      1. Bank Accounts
      2. Credit Cards
      3. Insurance
      4. Loan & Mortgage
      5. Currency Exchange
      6. View All

      Best Zero Balance Bank Accounts in UAE

      April 8, 2023

      6 Best Ways to Send Money Abroad from the UAE

      December 14, 2022

      Top 5 Saving Accounts in UAE

      October 25, 2022

      6 Best Air Miles Credit Cards in UAE to Save Big on Flights

      April 15, 2023

      7 Emirates Skywards Credit Cards and Travel for Less

      November 13, 2022

      12 Best Cashback Credit Card Offers in UAE

      November 11, 2022

      Home Insurance in UAE: Things You Must Know

      November 11, 2022

      A Quick Guide to Check Your Credit Score Report in UAE

      April 27, 2023

      Mortgage in Dubai: 14 Important Facts You Must Know

      April 11, 2023

      6 Best Currency Exchange Services in Dubai

      April 8, 2023

      A Quick Guide to Check Your Credit Score Report in UAE

      April 27, 2023

      6 Best Air Miles Credit Cards in UAE to Save Big on Flights

      April 15, 2023

      Mortgage in Dubai: 14 Important Facts You Must Know

      April 11, 2023

      Best Zero Balance Bank Accounts in UAE

      April 8, 2023
    • Students
      1. Scholarships
      2. Student Discounts
      3. View All

      8 Best Scholarships in Dubai for Expat Students

      April 14, 2023

      5 Best Free Degrees from Top Universities Worldwide

      December 7, 2022

      Save with Etihad Student Discounts (-10% Off Your Flight!)

      December 20, 2022

      Get Up To 10% Off With Emirates Student Discount Code

      November 15, 2022

      15 Best Student Discount Deals in UAE

      November 13, 2022

      7 Good Reasons To Get an ISIC Card in the UAE

      November 11, 2022

      8 Best Scholarships in Dubai for Expat Students

      April 14, 2023

      Save with Etihad Student Discounts (-10% Off Your Flight!)

      December 20, 2022

      5 Best Free Degrees from Top Universities Worldwide

      December 7, 2022

      Get Up To 10% Off With Emirates Student Discount Code

      November 15, 2022
    • Entertainment
      1. Activities
      2. Food
      3. View All

      8 Handy Tips to Make Friends in UAE For Free

      May 1, 2023

      Want to Volunteer in the UAE? Here Are The 8 Best Communities You Can Support

      April 18, 2023

      5 Best Free Beaches in Dubai

      January 13, 2023

      10 Free Things to do at Expo City Dubai

      January 7, 2023

      13 Best Places To Get Bubble Tea in Dubai

      April 29, 2023

      Ramadan in Dubai: 6 Incredible Tips To Save Money

      March 19, 2023

      Iftar 2023: Best Deals in Dubai and Abu Dhabi under AED150

      March 19, 2023

      22 Best Birthday Freebies in 2023: Get FREE Stuff on Your B-Day

      June 21, 2022

      8 Handy Tips to Make Friends in UAE For Free

      May 1, 2023

      13 Best Places To Get Bubble Tea in Dubai

      April 29, 2023

      Want to Volunteer in the UAE? Here Are The 8 Best Communities You Can Support

      April 18, 2023

      Ramadan in Dubai: 6 Incredible Tips To Save Money

      March 19, 2023
    • Deals
    • Coupons
    MoneySaverWorldMoneySaverWorld
    Home»Banking & Insurance»Home Insurance in UAE: Things You Must Know
    Banking & Insurance

    Home Insurance in UAE: Things You Must Know

    moneysaverworldBy moneysaverworldNovember 11, 2022Updated:March 19, 2023No Comments6 Mins Read
    home insurance
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Ever wondered what could happen when you leave your house unattended for days? Residents in UAE go on frequent vacations to visit their home countries and leave their homes closed for several days and sometimes months. Imagine when you return and find your space damaged by an unforeseen accident. Fire breakout, water leakage, or bug infestation can create havoc in your absence. You can potentially lose a lot of your hard money in such accidents. This could happen to anyone at any time and the best you can do is get your house insured to save yourself from financial constraints in wake of such calamities.

    home insurance

    A lot of people do not consider it significant enough to get home insurance for their own or rented property. However, having a good insurance plan can secure your home and belongings and create a financial net to give you peace of mind as you go about your life. If you haven’t ever thought of getting insurance for your home, now is the right time to create a safe haven for your family. In this blog post, you will learn about the significance of having a home insurance plan in Dubai and other emirates along with a comprehensive guide to help you pick out the best insurance policy for your apartment.

    What exactly is a Home Insurance?

    Before jumping into picking out the best insurance policy, let’s shed some light on what the term actually entails. Home or property insurance is a type of insurance scheme that provides coverage in wake of calamities and damage to a person’s own house or rented apartment. The coverage can be extended to flats, villas, buildings, compounds, furniture in the space, and personal belongings present in the property.
    All types of accidental damage whether exterior or interior to a property’s physical structure and loss of items, valuables, and contents in the home because of natural calamity, explosion, water leakage, or fire breakout are usually well covered by home insurance plans.

    Types of Home Insurance available in UAE

    The most common types of insurance coverage that home insurance providers offer in the UAE include:
    • Home content insurance
    • Building Insurance
    • Personal belongings insurance

    Significance of having Home Insurance Coverage in UAE

    A good home insurance policy in UAE is not as popular as medical insurance, educational insurance, or life insurance. But it’s better and preferable to make your property secure against possible disaster or damage. Some of the most prominent benefits that a policyholder enjoys are:
    • The policy not only offers coverage for the contents and assets in a home but also offers protection for the physical structure of a house.
    • Protects the valuables and personal belongings from unforeseen situations.
    • A home insurance scheme is generally cheaper than other types of insurance policies
    • You can travel with peace of mind as a policy also offers coverage against theft, burglary, and other damages when you are not present within the premises.
    Despite all these perks and advantages, the majority of UAE residents do not have any insurance coverage for their properties and assets. A common reason presented for not having home insurance in Dubai is living a life as a tenant. Expats who do not have a home of theirs think that having a policy for their home is useless and an unnecessary financial constraint. But in reality, insurance policies protect the rights of tenants as well and secure their home contents and valuables.

    Picking out a Home Insurance Policy as a Tenant or Landlord

    When you choose to live in a rented property, make sure you are well aware of your responsibilities as a tenant. Most of the tenants in UAE think it is the responsibility of the landlord to have home insurance. But in reality, a landlord is only supposed to offer insurance for the house if the property is mortgaged. Even such policies only cover damage to the building structure and not the assets inside. So, if you want to safeguard your furniture, precious items, electronics, household goods, jewelry, and other valuables in the house, it’s better to take up good home insurance coverage even if you reside in a property as a tenant.
    A home assets insurance will replace or repair your belongings damaged from an earthquake, fire, water leakage, flooding, theft, or burglary. If you own an apartment or a villa, getting building insurance is a must. This will safeguard the structure of your building in wake of any accidental damage or natural calamity. You can also add up home contents coverage to your existing policy to safeguard the assets within the premises too.

    Tips for Choosing a Suitable Home Insurance Policy in UAE

    Several different home insurance providers are offering their services in UAE. The abundance of choice however can make it difficult to pick out a suitable option. The following tips may help you ease the selection process:

    Pay Attention to Premiums & Coverage

    The foremost thing you must do is assess the level of risk your property is confronting at the moment or potential risks that your house may have in the future. If your property is located in an area where there is a higher probability of floods, then choose a policy that offers coverage against damages done by natural disasters.
    The best important step is to look out for the premium for the preferred policy. Make sure the premium suits your financial budget. You can compare different policies and the premiums offered to pick out the one most suitable for your personal preferences.
    Home insurance plan premiums can be as low as AED 200 a year but then it all depends on the amount of coverage you require for your property.
    If you have belongings up to AED 50K and the policy only covers half of the worth then it’s better to go for other options.

    Make Sure you Sign up for a Reputed Insurance Service

    Before registering with a particular home insurance provider in Dubai, make sure it is licensed and enjoys a good reputation in the market. Check for reviews and suggestions online to get a better idea of the quality of services offered. Compare & find your home insurance here.

    Inspect the Claim Settlement Ratio

    All well-renowned insurance providers take the least turnaround time when settling down claims. Make sure to inspect the company’s history of claim settlement so that you are in a better position to make an informed decision.

    You may also like to read
    Smart Ways to Save Money on your Car Insurance in UAE

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    moneysaverworld

    Related Posts

    A Quick Guide to Check Your Credit Score Report in UAE

    April 27, 2023

    6 Best Air Miles Credit Cards in UAE to Save Big on Flights

    April 15, 2023

    Mortgage in Dubai: 14 Important Facts You Must Know

    April 11, 2023
    Recent Posts

    Best Complimentary Hotel Stay in Dubai by Emirates Airlines in 2023

    May 31, 2023

    Become a Freelancer: 7 Best Websites to Find Jobs Online

    May 23, 2023

    9 Genius Ways to Make Money With ChatGPT

    May 21, 2023

    10 Easy Money-Saving Travel Tips & Hacks

    May 17, 2023
    Our Picks

    Best Complimentary Hotel Stay in Dubai by Emirates Airlines in 2023

    May 31, 2023

    23 Smart Ways to Invest in Yourself and Become Indispensable

    April 6, 2023

    How to Create a Lucrative Affiliate Website: A Step by Step Guide

    February 2, 2023
    Stay In Touch
    • Facebook
    • Instagram
    Don't Miss
    Deals

    Best Complimentary Hotel Stay in Dubai by Emirates Airlines in 2023

    May 31, 2023

    What could be more exciting than having free hotel stays when traveling to or stopping…

    Become a Freelancer: 7 Best Websites to Find Jobs Online

    May 23, 2023

    9 Genius Ways to Make Money With ChatGPT

    May 21, 2023

    10 Easy Money-Saving Travel Tips & Hacks

    May 17, 2023

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    About Us
    About Us

    Disclaimer: All content on this website is based on individual experience. It does not constitute financial advice. MoneySaverWorld and its authors are not liable for how tips are used, nor for content and services on external websites. Common sense should never be neglected!

    We sometimes use affiliated links which may result in a payment following a visitor taking action (such as a purchase or registration) on an external website. This helps keep MoneyySaverWorld free. The user experience shouldn't be any different, and our editorial decision-making is not affected by such links.

    Email Us: moneysaverworld@gmail.com

    Our Picks

    Best Complimentary Hotel Stay in Dubai by Emirates Airlines in 2023

    May 31, 2023

    23 Smart Ways to Invest in Yourself and Become Indispensable

    April 6, 2023

    How to Create a Lucrative Affiliate Website: A Step by Step Guide

    February 2, 2023
    Latest Post
    • Best Complimentary Hotel Stay in Dubai by Emirates Airlines in 2023
    • Become a Freelancer: 7 Best Websites to Find Jobs Online
    • 9 Genius Ways to Make Money With ChatGPT
    © 2023 All Rights Reserved to MoneySaverWorld
    • Privacy Policy
    • Terms & Conditions
    • Contact us
    • Sitemap

    Type above and press Enter to search. Press Esc to cancel.