Cost of alternative accommodation is covered under home insurances which provides cover in the event of an insured calamity making the home uninhabitable.
The maximum amount which can be received by the policyholder during the whole policy time irrespective of the number of occurrences of the calamity.
The estimated value of the property or the extent of the damage that is undertaken to state the property’s value at the time of the loss.
Seeking payment from the Insurance company for the damages or loss caused in the event of the insured calamity.
A provision in the insurance policy which is capable of changing the original coverage that is offered in the policy
Property, people or events that are not covered under the insurance policy.
A document or contract between the insured and insurer stating out the terms and conditions of the insurance.
The amount of money that the insured pays for the insurance is the premium. Compare Home Insurance in UAE.