Travel risks and summer fires raise home insurance costs
The demand for home insurance in the UAE increases during the summer, especially with higher travel rates and the rising risks of fires, water leaks, and pipe damages. Premiums for renters start at 195 dirhams annually and can reach up to 14,500 dirhams for luxury properties, with coverage including home contents, flood damages, and fires. It is worth noting that claims related to water leaks and electrical faults tend to rise during the summer season. Experts emphasize the importance of taking preventive measures before traveling, such as shutting off water connections and maintaining appliances. Insurance companies rely on artificial intelligence to analyze risks and predict potential incidents, ensuring faster and better protection for properties.
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