Buying Home Insurance in Abu Dhabi
A home is an investment that needs to be protected. Unlike health or car insurance, it is not legally required to buy home insurance in Abu Dhabi but it is highly recommended by economic experts. Insurance companies have also gone out of their way to ensure this important cover is affordable and to bring awareness of the same to homeowners. Despite the security and regulations in the city, home insurance will ensure that if the unthinkable happened, you will not be set back financially in setting up your life again.
Companies like MoveSouq.com offer homeowners an opportunity to get quotes and compare service offering from different insurance companies in Abu Dhabi by making this processes extremely easy and hassle free.
What does home insurance entail?
Owners: When you purchase a home, the most important cover you should be looking for is building insurance. This will cover you against damage or loss of the building through fire, vandalism or natural disasters as the case may be. If you have a mortgage, your lender may insist that you take up insurance to ensure the investment is protected. A homeowner may take one or both of these covers:
* Building insurance: This covers the structure for partial or complete damage and if anything like this happens, you will be compensated depending on the damage assessment report.
* Liability insurance: This covers people who may be in or around your building due to fault or disaster. Depending on your insurer, this can be bought separately or in combination with building insurance.
Tenants: While the landlord may have purchased building insurance, it is important to note that it does not cover the contents of your home. It is your responsibility to ensure that you are covered through the following plans which can be bundled up in one or bought separately:
* Home contents insurance: This covers household fixtures and fittings such as furniture, decorative items, and rugs, among others.
* Personal belongings insurance: This covers any personal items that you carry with you from time to time such as jewelry, phones and laptops.
Insurance advice to homeowners in Abu Dhabi
1- Do not be complacent
Many people claim that they do not want insurance because of the cost or sometimes they believe that in a safe city like Abu Dhabi, nothing can happen to their possessions. It is important to remember that the cover is not only against theft, but also against other risks like fire and natural disasters.
2- Do not undervalue your possessions
It is important to make an inventory of all your possessions and value each one of them. The temptation to undervalue might be there, but the difference in premiums is almost negligible compared to the loss you would undergo if the risk actually happened. If you can, keep the proof of purchase for all your items.
3- File your claim in time
You should file a claim as soon as the loss or damage of your item happens. This will ensure that you have all the details required and it enables the insurance to do investigations where required.
This guide will help you understand home insurance in Abu Dhabi, why it is necessary to have and how homeowners can easily get free quotations from verified insurance companies on MoveSouq.com.
Always remember that getting a cover will give you peace of mind and help you recover should a risk occur.