A home is not only any safe haven but a place belongs to your own and is one among the biggest investments. Because of this, living in your property without acquiring suitable home insurance in Dubai involves a huge risk related to living within the property.
How Home Insurance is Helpful
Safeguards from Financial Loss in Case of any Tragic Event
Home insurance in Dubai acquired by any homeowner or homebuyer safeguards against almost every type of financial loss in the case of any tragic event or a natural disaster, along with vandalism and fire incident.
Protects Physical Premises and Gives the Liability Coverage
An insurance policy protects each of the physical premises present in your home, its contents and the personal belongings of a homeowner. If your home deems uninhabitable after any incident, the insurance will make payment for your temporary living costs. Even the insurance policy also gives you the necessary liability coverage in case of a lawsuit, wages loss or medical intervention because of injury caused to any third party on your residential property.
Coverage even You Stay Away from Your Home on Holidays
Your home insurance in Dubai will cover you and your belongings even when you stay aware from your property on holidays. However, you will have limited duration in this case i.e. in accordance to the period mentioned in your signed and bought policy. In most of the cases, if you leave your property vacant often for 30 to 60 consecutive days, it will disregard your home insurance claim. Even this may make your insurance coverage a void one. Reason for this is that unoccupied or vacant properties remain at relatively higher risk related to perils, like fire, theft, vandalism and harsh weather conditions as compared to the occupied ones.
Facility to Decide the Extent of Your Insurance Coverage
The extent of your home insurance coverage you require depends on the size of your property, its geographical location and additional structures in your domestic unit, like for instance swimming pools and whether you stay there or give on rent. Each of these factors affects the level or type of risks, which may deal by your home. Even though you may not have any thumb rule related to home insurance coverage, insurance companies give you the facility to decide the extent of the coverage based on the risk factors, your specific living conditions and surrounding location of your property.
