Buying a home is not an easy task, a person spends years of savings to get a home which he has always dreamt of, and one very important thing that a person needs when he buys a home is the home insurance. There are different types of home insurance available in the market which are provided by various insurance companies. Getting suitable home insurance is not only essential for new home buyers but also those individuals opt to avail residential units on rent i.e. tenants. Even though your property owner insurance covers the respective residential building, it fails to cover other valuable contents belonging to your home. Positively, with home insurance in Dubai policies, you may expect to insure the valuable contents of your home and safeguard them against all sorts of damages caused because of any risk.
Home Insurance is Available in Three Different Categories
With the aim to convince you for availing up home insurance in Dubai policy or creating awareness on the significance of home insurance policy, experts have shared three different types of coverage or plans offered by a specific home insurance policy.
- Building Coverage
As the name highlights, building coverage associated with the home insurance in Dubai covers all types of building structures and physical premises and is a compulsory type of insurance policy, irrespective of whether rent your property to tenants or live there. It is the main insurance that a person buys when he buys the home, it covers the main home from all the issues that can take place with the home. It is one such insurance that every homeowner must have as it safeguards your home from all the calamities that can take place, and you would get the claim if anything wrong happens with your home. As it covers the whole building, the premium of this insurance is quite high but is a must to have insurance for all the homeowners, as the cover that you get for your home is also very high here.
- Home Contents Coverage
Home contents coverage will extend to home contents along with the residential unit, such as household goods, furniture items, and electrical or electronic appliances. The insurance policy is suitable for tenants as well as homeowners both. This is a small insurance that you can go for. It is something which can take care of all your home contents and hence provide you extra security with your goods. You can choose specific goods to get them insured at your home. The premium amount that a person has to pay here is much less than the main home insurance. Therefore it is up to the people living in the house to decide whether they want to go for this insurance or not.
- Personal Belongings Coverage
Personal belongings coverage is responsible to cover the personal valuables and belongings, which include your jewelry, personalized electronic devices, and varieties of gadgets, which you should carry outside of your property. This is another very important insurance that you must have. You never know if your house ever gets attacked by thieves, or any natural calamity takes place which can ruin your personal belongings, and in that case, you can face some serious problems, and hence, in that case, you must have this insurance for you to get your personal belongings covered in it.
Home Insurance Safeguards from Risks and Gives us Peace of Mind
Modern homes and homeowners surround with varieties of risks to their residential properties, which include flooding, fire incident, theft, and many more. In addition, coping up with both the emotional and financial stress due to such an incident is so much difficult. Hence, to avoid such problems, it is essential for you to avail home insurance policy by spending a small amount of premiums and in turn protect your home for a lifetime. Home Insurance Gives You an Affordable Solution If you own your apartment or villa in Dubai, you probably have to pay 0.06% to 0.08% of the combined value of your personal belongings, contents and your entire home. On the other side, if you choose to rent your property in Dubai, the overall cost associated with insuring your home becomes even low, as you no longer need to worry insuring the personal belongings and other home contents. So if you are a homeowner in Dubai, then home insurance is must for you, and you should not wait for more to get yourself good insurance from a good insurance company to safeguard your home and your personal belongings.