Dubai is known for its high security and safety measures, but unexpected events like fire, natural disasters or accidents can still happen. This is where home insurance becomes essential.
Having home insurance in Dubai ensures your property and belongings are protected from unforeseen risks, offering financial protection and peace of mind. Let’s walk you through the key aspects of home insurance in Dubai and the top companies to consider.
- Why Is Home Insurance Important?
- What to Consider When Choosing Home Insurance?
- Top Home Insurance Companies in Dubai
- FAQs
Why Is Home Insurance Important?
Home insurance protects your property and its contents from a range of risks, offering a financial safety net to the policyholder. Here’s why it’s essential:
Protection Against Damage
Home insurance ensures that if an unfortunate incident arises, you can repair or rebuild without a crippling financial burden. This adds to the homeowners’ peace of mind.
Liability Coverage
In case someone gets injured on your property, home insurance can cover medical expenses and legal fees. This spares you from potentially costly lawsuits.
Mortgage Requirement
Many mortgage lenders in the UAE require home insurance as part of their terms. This makes it a necessary part of the property purchasing process.
Temporary Living Costs
At times, an unfortunate event can render your home uninhabitable. Fortunately, some insurance policies also cover the cost of temporary accommodation.
What to Consider When Choosing Home Insurance?
When securing your property in Dubai, it is highly important to choose the right home insurance policy. Doing so will help you big time in the long run.
That said, it is equally important to evaluate the coverage, premiums and exclusions offered by different providers. Let’s take a look at the essential factors to consider when selecting home insurance in Dubai:
1. Coverage Options
Here are some key coverage options to consider:
Building Insurance
Covers the structure of your home, including walls, roofs, floors and windows. It also covers any permanent fixtures like fitted kitchens and bathrooms. Having insurance for apartments in Dubai provides added peace of mind, assuring the property is secure.
Contents Insurance
Protects your personal belongings such as furniture, appliances, jewellery and electronics. In case of theft, fire or accidental damage, the contents insurance covers costly replacements.
Personal Liability Insurance
It offers cover in case someone gets injured on your property. This could include legal fees and medical expenses if the property owner is found liable for the injury.
Natural Disaster Protection
Since natural disasters can happen anywhere, it is important to ensure your policy covers events like floods, storms or earthquakes. While not all policies include this coverage, it is important to read the fine print and check if it’s part of your plan.
2. Premiums
The cost of your insurance premiums in Dubai varies based on several factors, including:
- Location
- Property value
- Type of chosen coverage
3. Exclusions
It is important to thoroughly read the exclusions detailed in your policy to avoid hindrances when making any claim. Common exclusions include:
- General wear and tear
- Negligence in timely repairs
- High-risk or expensive items
4. Claims Process
It is better to choose a home insurance provider with a simple and efficient claims process. In times of crisis, quick response times and easy documentation requirements make your life easier.
5. Additional Coverage (Add-ons)
Many providers offer optional add-ons to enhance coverage, such as:
- Coverage for Legal Expenses: Helps with legal costs if you’re involved in a dispute related to your property.
- Additional Living Costs: Pays for temporary accommodations if your home is uninhabitable.
- High-Value Item Coverage: Specifically covers expensive items like jewellery, antiques or art pieces.
Top Home Insurance Companies in Dubai
With many ready and off-plan projects in Dubai, new home insurance providers emerge in the city frequently to meet market demands. This necessitates finding the right home insurance company that offers comprehensive and competitive policies.
To help you get started, here’s a curated list of top home insurance companies in Dubai:
1. Tokio Marine & Nichido Fire Insurance Co. Ltd.
Tokio Marine & Nichido Fire Insurance Co. Ltd. is one of Japan’s oldest and largest non-life insurance companies. It has been operating in the UAE since 1976 under the sponsorship of Al Futtaim Development Services Co. LLC.
With premiums starting from just AED 1 per day, Tokio Marine protects your home and its valuable assets. Here are some of the key features of home insurance by Tokio Marine:
| Feature | Description |
| Worldwide Coverage | Covers personal possessions up to AED 150,000 globally. |
| Accidental Damage | Protects against accidental damage to property, including fires and floods. |
| Third-Party Liability | Covers legal and financial responsibilities toward third parties. |
| Loss of Rent & Accommodation | Compensation for lost rent or alternative housing if the home is uninhabitable. |
| Domestic Servants Coverage | Covers personal accidents, medical expenses and liability for domestic workers. |
| Pet Cover | Covers medical expenses for pets. |
| Fatal Injury Benefits | Provides personal accident coverage for policyholders, spouses and children. |
| Tenant/Landlord Liability | Covers liability for property damage or injury claims. |
Location
Office Number 302-305, 3rd Floor, Single Business Tower, Near Emirates Holidays, JW Marriot Marquis Hotel and Business Bay Metro Station, Dubai, UAE
Contact
+971 4 3502 777
Operating Hours
08:00 AM to 05:00 PM (Monday to Friday)
2. Sukoon Insurance
With over 49 years of experience, Sukoon provides affordable protection for homes, belongings and domestic helpers in Dubai. It offers flexible, comprehensive home insurance plans tailored to meet the customer demands.
Additionally, Sukoon is a well-regarded home insurance provider in Sharjah. It proudly serves a wide clientele of over 800,000 customers.
Key Plans Offered by Sukoon
- Home Umbrella Insurance: A comprehensive plan covering buildings, contents, personal valuables and domestic helpers. It also includes loss of rent and alternative accommodation coverage.
- Privilege Home Insurance: Designed for high-value homes, this plan covers luxury properties, art, jewellery and valuables. It offers worldwide protection and bespoke coverage options.
Location
Sukoon Building, Omar Bin Al Khattab Street, Next to Al Ghurair Mall, Deira, Dubai, UAE
Contact
+971 4 2337 777
Operating Hours
08:00 AM to 05:00 PM (Monday to Friday)
3. Dubai National Insurance
Dubai National Insurance (DNI) offers comprehensive home insurance to protect your property. Their policies provide coverage for various risks such as fire, explosions, earthquakes, floods and even burst water pipes.
Moreover, DNI covers third-party liability protection. It provides peace of mind in case of claims made against the policyholder.
Location
3rd Floor, Dubai National Insurance Building, Sheikh Zayed Road (Next to Mazaya Centre), Behind Coca-Cola Arena, Dubai, UAE
Contact
600 5 8000 | +971 4 5969 666
Operating Hours
08:00 AM to 05:00 PM (Monday to Friday)
4. GIG Gulf
GIG Gulf is one of the top home insurance providers in Dubai, offering affordable home insurance plans starting from just AED 1 per day. They are a reliable choice for homeowners looking for worldwide coverage, accidental damage coverage and alternative accommodation.
Also, GIG home insurance plans cater to both resident and non-resident property owners. This ensures peace of mind whether your home is occupied or vacant.
Here is a table of the main covers in GIG home insurance:
| Features | Description |
| Building Insurance | Covers property structures against fire, accidental damage and breakages. |
| Contents Insurance | Protects belongings from fire, explosions, earthquakes and in transit. |
| Owner & Occupier Liability | Protects against legal claims made against homeowners or residents. |
| Tenant’s Liability | Covers legal liability for damage caused to a landlord’s property. |
Location
Floor 39, Churchill Executive Tower, Business Bay, Dubai, UAE
Contact
800 292 | +971 4 5074 085
Operating Hours
08:00 AM to 05:00 PM (Monday to Friday)
5. Liva Home Insurance (Formerly RSA Insurance)
Liva is a well-known insurance provider in the GCC region, offering comprehensive coverage for homes, vehicles, travel and more. Liva’s home insurance policies are customisable, allowing you to tailor the coverage to your specific needs. Their reputation for reliability and excellent customer service makes them a top choice for homeowners in Dubai.
Location
38th Floor, Burj Al Salam Number 2, Sheikh Zayed Road, Dubai, UAE
Contact
800 772
Working Hours
08:00 AM to 05:00 PM (Monday to Friday)
FAQs
Yes, home insurance is essential in Dubai. Unexpected events can occur anywhere, even in a city as secure as Dubai. A home insurance policy provides vital protection for your property and belongings, safeguarding you against risks like fire, theft or natural disasters.
The average cost for home insurance falls between 0.1% to 0.5% of the property’s value annually.
Home insurance in Dubai is an essential investment for both homeowners and renters. By understanding the different coverage options and comparing providers, you can choose the best policy to safeguard your assets.
Additionally, if you live in the capital city, explore these home insurance companies in Abu Dhabi.
