Lack of home and contents insurance can prove costly

Better Homes has announced a strategic alliance with insurance giants Royal Sun Alliance.  The move comes in the wake of figures that show insurance penetration levels for the UAE are low, at an estimated 5 percent.

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It is thought that Dubai’s transient nature, along with the low levels of crime here, are two of the main reasons for such low levels of insurance take up. Billy Rautenbach, Director of Operations at Better Homes commented, “Historically people came to Dubai with the intention of only staying for a short-period of time, they lived in rented accommodation and didn’t invest too heavily in the contents and therefore saw no need to take out insurance”.

However, now that things are changing and expatriates are making permanent homes in Dubai there is a growing demand for insurance services.  Added to this, recent incidents of flooding and fires have left homeowners and business open to genuine hardship due to a lack of insurance and low quality coverage.

Rautenbach stated, “It’s so important for property owners and tenants to have adequate insurance.  We recognized that our clients were having trouble accessing a first class product so found them one that can be offered directly at the time of purchase or lease, with the added advantage of a 20-30% saving against market rates”.

The cover includes elements such as accidental damage caused by fire and floods and has been designed to accommodate spaces from bedrooms through to villas, and at prices starting from just AED 190 per annum, is definitely among the cheapest in the market.  In addition, it is offered via a hassle free, paperless process, where clients receive a complimentary quote based on their property requirement.

Rautenbach said, “We are delighted to be working with such a strong and reputable name in the insurance sector that will provide our clients with the best products at the best rates in a convenient and hassle free manner”.

Better Homes, in association with RSA is offering the following insurance cover; contents, home building and car insurance with pet, marine, medical and travel due to be added by the end of 2008.  Anyone wanting to find out more should contact Better Homes on +971 4 303 9500.