The protection of real estate and valuables in the UAE has long gone beyond a simple precaution. Home insurance, which includes property insurance, building insurance, and contents insurance, is becoming a necessary investment preservation tool. At the same time, certified fireproof safe and tamper-proof safe play a key role in reducing risks and building trust among insurance companies.
Home Insurance: What is Covered and How Much does it Cost
Home insurance in the UAE includes several types: building insurance protects walls, roof, built-in structures and load-bearing elements. Contents insurance covers furniture, electronics, documents, jewelry, and other valuables. Comprehensive home insurance is used for comprehensive protection, combining both areas.
The cost of the policy depends on the type of property and the level of coverage. The average range is from 0.1% to 0.5% of the cost of housing per year. For standard apartments, insurance can cost AED 500-2000 annually, which is equivalent to about AED 2 per day. Example: when insuring the contents for AED 50,000, the contribution will be about AED 250 per year. For building coverage, the benchmark is 0.1% rebuild value, and for contents coverage, it is about 0.5% of the property value.
Main Risks and Additional Options
The most common threats are fire damage, theft protection, and water damage. They account for more than 70% of insurance claims. Home insurance also takes into account natural disasters, earthquakes, floods or sandstorms, if they are added to the policy. Liability coverage protects the owner in case of damage to neighbors or injuries on the premises.
Many insurance policies include alternative accommodation: if the house becomes uninhabitable, the cost of temporary housing is compensated. Additionally, you can enable worldwide belongs cover or cyber protection for owners of digital equipment.
Safes and their Impact on Insurance
Fireproof safes and tamper-proof safes are becoming an important element when applying for an insurance policy. Such safes are certified according to international standards: UL72 can withstand up to 927°C (1700°F), NT Fire 017 classifies storage into categories Paper (≤175°C) and Data Media (≤50°C with humidity <85%). The tests are carried out in furnaces at temperatures around 1000 °C, including checking for resistance after fire.
Burglary resistance is defined by classes from Grade 0 to XIII. The higher the class, the greater the level of protection and the higher the insurance coverage that the insurer is willing to offer. Insurance companies take safe box certification into account when calculating premiums and often provide discounts. For example, if you have a safe with UL rating and biometric locking system, you can expect a lower percentage.
Factors Affecting the Cost of the Policy
The size of the premiums depends not only on the rebuild cost and coverage level, but also on additional parameters.:
- Location of the housing (the rate is higher in the city center than in the suburbs),
- Age of the building and claim history,
- Availability of security systems, alarm and fire safety equipment.
Using a certified safe increases the risk mitigation level, which reduces the annual rate. For owners of high-value property, including jewelry and documents, insurance companies often require insurance-approved safe.
How to Choose the Right Coverage
When applying for home insurance, it is important to consider the rebuild value rather than the market price. Underestimating a property can lead to underinsurance. High-value items should be declared separately. For apartments, content insurance is sufficient, and for a villa, it is better to choose a combination with building insurance.
Before entering into an agreement, you must carefully check the exclusions: As a rule, wear and tear, negligence and intentional damage are excluded from the coverage. Floods and earthquakes are usually included only in advanced programs.
In the UAE, homeowners insurance is not only a protection against fire or theft, but also a financial instrument that provides peace of mind. The cost of the policy may seem symbolic compared to the potential losses. Using fire-proof safe and tamper-proof safe with international certification increases the level of security and reduces premiums.The right combination of insurance coverage and modern storage solutions allows you to minimize risks and save investments in the long term.
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