Safe and Secure

Dubai insurance is one of the most important businesses in the country. Simple reason: property, commodities, business and valuable assets. With the surge in expats since the late 1980s, there has been a huge influx in imports, vehicles, real estate, luxury items such as boats, private jets and even assets for businesses.

However, when it comes to the middle class, the largest market in Dubai, it’s all about property insurance. That includes home and vehicles. Companies like RSA Homes have found a considerably large market to cater to all home owners and businessmen alike. So much so, that the insurance market in Dubai has become one of the leading financial services in the city, alongside others such as:

• Home loans
• Car insurance
• Banking
• Credit cards

Insurance Assurance

Dubai insurance companies are amongst the busiest in the world. One of the reasons for this is that health insurance is mandatory for all employers to provide for their employees. For car owners, car insurance in Dubai is a must. as it is in most countries, your car insurance policy also gives you the option for passenger insurance, in the event that anyone who is with you in your car at the time of the accident is cared for. You also have the option of off-roading insurance, in case you chose to traverse the sand dunes the Arabian Gulf is famous for.

When it comes to health insurance in Dubai, it is important you familiarize yourself with the full extent of your coverage. In most cases, companies provide you with what is commonly known as group insurance, a one size fits all solution for employees. This is the same for all individuals, regardless of nationality or religion.

Another form of popular insurance is home insurance. This is a comprehensive coverage that gives you the liberty and peace of mind to enjoy your life and not worry over things while you are moving, traveling, or even entertaining guests at home. With the range of houses and the variety of properties available in the city, home insurance is one of the most popular forms of insurance in Dubai.

Splitting Hairs

After moving to Dubai and settling in, it is best you have a word with your company’s HR department or your legal advisors on what sort of insurance you need or require. Some companies offer standard insurance policies to all employees while others will put you in touch with representatives of banks and insurance companies to decide for yourself.

Dubai medical insurance is mandatory for all employees, as said before. Beyond that however, what sort of insurance you choose and what you require based on your lifestyle is your own decision to make. Some luxury items such as boats, yachts or sports cars require special insurance premiums that are higher than the market value. That is because since these items are unique, they require special attention and make for valuable income both for insurance companies and banks that finance said items.

There is plenty of research and information available both on the internet and with your bank representative to guide you through the nuances of such decisions.

While insurance in Dubai is a crucial part of life while one lives there, it is important for readers to conduct their own research and find out what works best for them. While one size fits all is usually a workable solution, sometimes it is more prudent to find what suits you best as an individual.

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