Insurance in Dubai – policies to protect Dubai properties
Owners of properties in Dubai are not legally required to take out insurance cover. However, not having properties in Dubai, or anywhere else, insured is inadvisable and most banks will refuse to lend money on uninsured properties in Dubai. Insurance in Dubai should cover the property and yourself.
What type of insurance in Dubai is required?
Before a bank will agree to a loan for properties in Dubai you must be able to prove you have adequate insurance in Dubai. This will normally take the form of property insurance in Dubai but you will also need a life insurance policy, which will pay the remaining sum owed on the mortgage in the event of death.
However, the level of personal insurance in Dubai you go for should also cover critical illness. Similarly, insurance on properties in Dubai should cover buildings and contents.
It is worth shopping around to find insurance in Dubai. Do not accept the first quote you receive – you may be able to find much cheaper cover for yourself and properties in Dubai.
Use our service directory to find companies providing Dubai property insurance.
