The National published an article on the importance of home content insurance in the UAE.
The tenants and home owners affected by this week’s fire in the Palm Jumeirah Adriatic building, part of the Oceana complex, may be finding out for themselves the costly mistake of not having home insurance in place.
While many assume, this is purely a landlord’s responsibility, this is not the case. According to a survey, released this week by ServiceMarket and Qatar Insurance, only 9 per cent of UAE residents have home insurance. With the majority of residents (70 per cent) preferring to rent a property over buying one (according to a survey this year by propertyfinder.ae), it means few renters have adequate cover to protect their possessions in times of emergency. Here, Souqalmal.com reveals why home contents insurance is as relevant for renters as it is for owners:
For full article go to The National