Why might you need a property insurance?

Property insurance is one of the most important insurance products that provide protection for residential buildings and their contents and protect them from the risks that are expected to occur such as natural disasters and storms and cover the losses caused by fire, explosion, theft or any accidents that lead to damage or damage to the house, according to the conditions and exceptions described in the document. Where the insurance company compensates the insured for the loss or loss of the insured property partially or completely as a result of the occurrence of one of the risks contained in the insurance policy and therefore the customer must ensure that the understanding of the benefits and obligations that will result from obtaining a property insurance by a clear reading of the conditions And in order for the customer to choose an insurance policy commensurate with his / her financial needs.

Types of risks that may be covered by a property insurance policy

Buildings and contents of the house
The insurance company covers expenses and costs arising from the risks in the insurance policy, which may include compensation for expenses incurred in connection with accidental damage to water or sewerage, electricity and telephone cables, as well as damage to personal property, furniture, Property that falls within the statutory liability of the Insured or of any permanent resident, unless the document provides otherwise.
The robberies
The property insurance policy may cover the loss or damage caused by the contents of the house being stolen within the limits of coverage provided by the document. Attention should be paid to exceptions that do not obligate insurance companies to incur losses that expose the contents of the house to theft; but not limited to: property abandoned outside the building without theft or if the buildings are not closed or if the insured or any of its employees or any of its members His family or any permanent resident is involved or involved in the offense of theft.
Liability to third parties
Indemnification of the Insured from all amounts liable for payment as owner and / or occupant of the House in respect of accidental death, bodily injury, illness and treatment costs to third parties, as well as accidental loss and damage to property in or around buildings during the life of the policy. Losses and damages not covered by this insurance coverage may be excluded.
Responsibility towards domestic workers
The document may cover the legal liability of the insured, including legal costs and expenses, with the written consent of the company in respect of accidental death or bodily injury to any domestic worker while working in the insured’s home or during his temporary residence anywhere in the Kingdom or while in the Kingdom Inside a vehicle used by the insured or any of his / her residents.
Alternative housing
The property insurance policy may cover the costs of providing an alternative home in the event that the home is damaged due to insured risks that lead to the non-validity of the residence. For the additional costs of the alternative accommodation borne by the insured, the market value of the rent and the compensation specified for this item shall not exceed the terms and conditions of such coverage in the document.

Before signing the policy, the customer must read and understand all the terms of the document, and be well informed of the risks covered and not covered by the document. Where the property insurance policy establishes a framework for the rights and obligations of both the client and the insurance company. The client can file a complaint with the insurance company if he encounters any irregular problem or process during claims processing.