What Is Fire Insurance In Dubai?
Fire insurance in dubai is also known as property insurance. It covers damage and losses caused by fire and helps with cost of replacement, repair, or reconstruction of property. There is a limit set in the policy for which the risk is covered. This specific insurance policy typically contains general exclusions, such as war, nuclear risks, and similar perils.
All kinds of property / assets can be insured with Alia Insurance Broker LLC. It can be a building, office, warehouse, home, or any place where potential risk can cause damage and result in big losses.
What Is Covered In Fire Insurance dubai ?
Fire insurance dubai covers a policyholder against damage or harm from many sources. It offers protection against electrical failures, such as faulty wiring and explosion of gas, as well as those brought on by lightning and natural disasters. Bursting and overflowing of water tank or pipes can also be included in the policy.
We at Alia Insurance Broker also cover Fire Ins with Allied Perils and Burglary, depending on the requirements of the customer. The main coverages include :
- Explosions, Storms, tempests, floods, Earthquakes, volcanic eruptions
- Aircraft damage
- Flooding or Bursting of water tanks or pipes
- Loss of Rent
- Tenants liability towards their landlords
- Strikes, riots & civil commotions
- Malicious damage
- Theft/Burglary following a forcible entry/exit from the insured premises
- Removal of debris
- and other perils included…
Benefits Of Fire Insurance In Dubai
There are a lot of benefits for Fire Insurance in Dubai. But few of them are covered below :
Cover huge losses or damages
Whenever a fire is erupted, it triggers flames and smoke which might damage your workplace or its content. Even the standard drinking water used to douse flames can eliminate work environment and stocks and other goods performed there. A fire ins. can assist in covering reduction or harm and, thus, ensures your business will keep afloat.
Share Financial burden
If you don’t have an insurance policy, you would have to pay for all the losses or damages from your pocket. There would be no one for your assistance. In some situations, a fire can lead to complete closure of your business also. It can lead to a financial crisis which can make it tough to rebuild the office and procure content.
Replace damaged goods
The policy not only covers the loss or damage to the building, but also helps in replacing the goods that caught fire. The insurance provider also provides for the maintenance charges for those machines and equipments which received damaged during the fire.
In some situations, policy also arranges for the alternative accommodation for your business in case it is damaged by fire. Thanks to fire ins. policy, you can continue serving your clients.
Give a sense of security
The existence of fire ins. policy in case of uncertain risks like fire gives you a sense of inner peace and satisfaction. Even if a fire occurs and you suffer losses, you are satisfied because you have a coverage and the insurer will reimburse your losses.