Building Insurance for Rental Property in the UAE
Building insurance can help landlords protect a rented residential property
against covered physical loss or damage. It may cover the building structure,
permanent fixtures and selected legal liabilities, depending on the policy.
Al Buhaira Insurance offers home insurance options for eligible properties,
subject to the selected coverage, insured value, excess, terms and exclusions.
What May Building Insurance Cover?
Depending on the selected policy, coverage may include:
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Building Structure:
Protection for walls, roofs, floors and other permanent parts of the
insured property against covered damage.
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Permanent Fixtures:
Built-in cupboards, sanitary fittings and other permanent fixtures may
be covered within the insured value.
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Fire and Accidental Damage:
Damage caused by fire and other insured accidental events may be covered.
-
Property Owner’s Liability:
Protection may be available for eligible legal liability arising from
ownership of the insured property.
-
Loss of Rent:
Rental-income protection may be available if the property becomes
uninhabitable following a covered event.
Building Insurance vs Tenant Insurance:
Landlords and tenants generally protect different interests:
-
Landlord’s Building Insurance:
Primarily protects the property structure, permanent fixtures and
eligible owner’s liability.
-
Tenant’s Contents Insurance:
Generally protects the tenant’s furniture, electronics, appliances
and personal belongings.
How to Choose Suitable Coverage:
Review these points before selecting a policy:
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Use the Rebuilding Value:
Insure the building based on its estimated rebuilding cost rather than
only its market or selling price.
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Check the Covered Risks:
Confirm which events are covered and whether any additional protection
is required.
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Review the Coverage Limits:
Check the limits for the building, fixtures, liability and loss of rent.
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Understand the Excess:
Review the amount you may need to contribute when making an eligible claim.
-
Check the Exclusions:
Understand how wear and tear, poor maintenance, vacant properties and
tenant-caused damage are treated.
How to Buy Building Insurance:
Follow these simple steps:
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Provide Your Details:
Enter the property owner’s personal and contact information.
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Provide the Property Details:
Submit the property type, location, occupancy and construction information.
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Declare the Building Value:
Provide the estimated rebuilding value and any additional insured values.
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Review the Quotation:
Check the premium, excess, coverage limits and exclusions.
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Complete the Purchase:
Submit the required documents, accept the policy terms and complete the
available payment process.
Documents Required:
You may need the following documents and information:
- Emirates ID
- Passport and residence visa copy, if required
- Property title deed
- Tenancy contract or occupancy details
- Property location and construction details
- Estimated rebuilding value
- Previous claims information, if requested
Why Choose Al Buhaira Insurance?
Here are some reasons to consider Al Buhaira Insurance:
-
Building Protection:
Coverage may be available for eligible residential buildings and
permanent fixtures.
-
Liability Options:
Eligible property owner and tenant liability protection may be available.
-
Online Quotation:
Property owners can provide their property details to begin a home
insurance quotation online.
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Policy Assistance:
Support is available for quotations, documentation, policy enquiries
and claims requirements.
Frequently Asked Questions:
Ans: It may protect the structure and permanent fixtures of a rented property against covered loss or damage, subject to the policy terms and limits.
Ans: Not usually. Tenants generally need separate contents insurance for their furniture, electronics, appliances and personal belongings.
Ans: Loss-of-rent coverage may be available if the property becomes uninhabitable following an insured event, subject to the policy limits and conditions.
Ans: Coverage depends on the type and cause of damage. Deliberate damage, poor maintenance and normal wear and tear may be excluded.
Ans: The building should generally be insured for its estimated rebuilding cost. The insurer may request additional property information before confirming the insured value.
Ans: Yes. Property owners can provide their personal, property and coverage details through Al Buhaira Insurance’s online home insurance quotation service.
