6 Tips for Buying Home Insurance Dubai

If you are thinking of buying, leasing or renting a property in Dubai, it will also be a good idea for you to consider getting home insurance. A recently published article on home insurance shows that it is quite possible to get a better home insurance cover at a lower premium. There is therefore no reason why you shouldn’t get a cover for any type of home at an affordable cost.

Since the contents of the home and the building itself hold the most value of what people own throughout their lives, either financially or in terms of sentimental value, it is important to protect your investment.

Below are 6 tips that you should consider when looking for home insurance in Dubai:

1. Research before you settle for any homeowners insurance 

Different insurance companies have different packages for home insurance that have different costs. When researching for the best insurance cover for your needs, ensure that you look through the details that are covered by each policy.

You might find that a seemingly expensive cover may cater for several additional needs that you pay to other companies. For example, homeowners insurance may cover your child’s vehicle and university accommodation, which means that you don’t have to take up separate covers for the same risks.

2. Get the most appropriate homeowners insurance for your needs 

When getting an insurance cover, ensure that the cover caters to your specific needs. For example, the terms or the risk covered by homeowners insurance for a city apartment may be very different from those of a countryside home.

3. Find out the terms of the homeowners insurance policy

It is important to go through the details of the homeowners insurance in order to avoid any surprises when you least need them. Going through the legal document that contains all the terms of your insurance so that you can know what your duties and obligations are, and what the insurance company’s duties and obligations are as well, is crucial.

You may find that you void your compensation if you do certain things within your home that could increase risk or damage to your home and its contents.

4. Gather all the relevant information about your home before engaging the insurance company 

Before engaging the insurance company, you should know the value of your home, the value of its contents, the kind of roof and such information that will allow the insurance company to give you a more accurate insurance quote.

5. Look for home covers that include valuable discounts that you can easily acquire 

As you look for a home insurance cover, keep an eye for ways that you could get more value for money. For example, most insurance companies will give great discounts if you combine different insurance covers such as car insurance, health covers and home insurance.

If you are looking for home insurance in Dubai, you can read the complete RSA guide on home insurance before applying for it. 

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