Home Insurance

What is Home Insurance?

Home insurance is a property insurance policy to help you cover your own home or rented apartment, and your personal belongings within, from unforeseen circumstances such as burglaries, fires, floods, storms, and explosions. 

Buying a house is one of the most vital investments people spend all their life working for. Yet, there are so many people who forget to secure and protect for this very important investment in their life. From your cutting-edge gadgets and beautiful interiors to your jewelry and other valuable belongings; your home is more than just its mere physical property and is a lot more valuable than you imagine it to be.

That’s why, one of the most essential things you could do for the wellbeing and safety of your home is at least get a home insurance that would allow you to stay secured and covered for in the case of uncertain and unfortunate circumstances such as burglaries, floods, fires, and earthquakes amongst other likely, but unforeseen circumstances.

What’s Great About Home Insurance by eSanad?

eSanad’s home insurance policy is great because it offers the below mentioned benefits:

• Value for Money – When we think of Home Insurance, we think of it as an expensive affair. After all, it’s about protecting one of your most prized possessions! Fret not though, we not only ensure your home is covered for but, make sure that it is affordable for you and your pocket!

• Digital Friendly, all the way! – One of the things people often wary about in insurance is paperwork and that’s exactly what we’ve gotten rid of with our online home insurance! With eSanad, everything from buying a home insurance policy to making claims is simple and can be done online!

• Plans for Renters – Millennials are shaping the rental economy and we understand that! That’s why, it doesn’t matter if you own a home or not, your place can still be protected with our insurance for home renters.

• 24×7 Customer Support – Emergencies come unannounced and can happen at any point in time! That’s why we’ll always be just a ring away, no matter what time or day it is!

What’s Covered in Home Insurance by eSanad?

Fire

Fire is dreadful and can lead to plenty of damage and losses to your home and its contents. Our home insurance policy will be there for you in such unfortunate situations!

Explosion & Aircraft Damage

Damages and losses caused by explosions or even aircraft damage will be covered for too in our house insurance.

Storms

Covers your house and your belongings from dire storms that could lead to potential damage and losses.

Floods

Protects your house from losses and damage when the rain is out of control, leading to floods that impact on your home and your belongings.

Earthquakes

Nobody can avoid nature’s furies but, what you can do is ensure you’re covered for any potential losses that could come your way due to the same. A house insurance also covers for damages and losses that occur due to earthquakes.

What’s Not Covered?

eSanad’s home Insurance policy does not cover damages caused by the reasons mentioned below:

• Deliberate damage to the house.
• Damage caused due to factors like war, invasion, and war-like operations.
• Losses incurred due to contamination or ionizing radiation.
• Damage caused to bullion or unset precious stones, manuscripts, vehicles, and explosive substances are not covered by the policy.
• The cost, fees or expenses incurred for preparing any claim.
• Expenses incurred for any addition, extension, or alteration to the house (more than 10% of its carpet area existing at the commencement date or on the date of renewal)

Advantages of Protecting Your Home with Home Insurance

Secured through Uncertainty

Home burglaries can happen anywhere, anytime- even in the most secure places. Home insurance helps you recover from losses that could occur due to such uncertain and unforeseen circumstances.

Complete Financial & Social Security

Contrary to popular belief, home insurance goes beyond just the physical property of your home. It covers everything right from your garage to your home’s contents. And, is your home expensive! An average 2BHK has contents at least worth AED 200,000! There is no one to watch your home when you’re out in the day, at work or traveling. That’s why having home insurance helps your home stay secure when you’re away.

Protection from Natural Calamities

Floods, storms, and the like can be a homeowner’s worst nightmare! And going through the hassle of rebuilding your home and recovering from the damage can not only be stressful but also a loss of a lot money! Luckily, having home insurance can cover you for it all!

Who Should Get Home Insurance?

Homeowners

If you’ve just bought a home recently, getting a home insurance should be at the top of your priority list. After all, you’ve already spent so much money on your newfound abode, the least you can do to stay secure financially is get a home insurance. 

Renters

Even if you’re renting your house, it doesn’t matter! Your home is still where all your belongings are. From your gadgets to your furniture, all are at risk in case of events such as fires, floods, or a robbery. While not all insurers offer home insurance policies for renters, we offer policies for the same so everyone can be covered for.

Types of Homes Covered

From independently owned homes to rented apartments; a home insurance by eSanad is designed to suit all types of houses.

Individual Apartment

This is for those who live in independent flats that are either part of housing societies or standalone buildings. The same could be either a flat owned by you or rented by you. Our offerings are suited for both!

Independent Building

Perhaps you and your extended family live in a standalone building, owning, or renting flats in the entire building. In this case, you can choose to cover for them all with home insurance by eSanad.

Independent Villa

If you own or have rented an independent villa or house, home insurance is vital to protect your villa and its contents from potential risks such as burglaries, floods, storms, and other unforeseen circumstances.

Why Choose eSanad?

Super-Simple Claims

When you think about insurance, you think about claims. With us, when you file a claim, you can expect a smooth, easy, and quick process not to delay loss any further and to serve you better.

Zero Documentation

Don’t worry about the paperwork in your insurance anymore! Now you can easily buy your home insurance and make claims without any hassle!

Affordable Premium

We’ve made our policy super affordable to protect your home and its contents. After all, it’s about protecting one of your most prized possessions!

24*7 Support

We’re available to help you 24*7, with our call facilities operational even on national holidays.

Loved by Customers

We are trusted by our customers. This is inclusive of all policies/members/lives on-boarded from our inception.

More TLC, Less T&C

Transparency and simplicity are what we stand by. That’s why with us, there are no hidden clauses. We’ve simplified our documents to be understood by anyone.

Things you should know about Home Insurance

Why is Home Insurance Important?

Your home is not only essential for your living but also marks one of the biggest investments of your life. Therefore, the least you can do is keep it secured through Home Insurance.

Home insurance plan helps manage uncertain and unforeseen losses and damages that could happen to your house during events such as burglaries, fires, floods, storms, earthquakes, etc. It can help recover your financial losses in no time!

Factors that Affect Your Home Insurance Premium

We have listed 7 factors that will directly or indirectly influence your home insurance premium:

• Type of Home – Your premium amount differs if you have your own property, are renting a place, or if it is an apartment or independent bungalow, or even the type of furnishing affects your premium rate.
• Location of the Building – If your home is in zones prone to disasters such as floods, fires or even in unsafe areas where crime and thefts are common, it could affect the amount of premium you have to pay. Homes located in a safer society offer an economical premium amount.
• Age of Home - Like any other insurance policy, age is a prime factor in determining premium prices. 
• Size of Home – The square feet area of your home has the highest and direct impact on your home insurance premium.
• Value of your Belongings – The value of your belongings in your home also affects the amount of premium you will have to pay. For example, if you have expensive jewelry, artefacts, expensive gadgets, etc., insuring these items is crucial. This will directly reflect in your premium amount as well.
• Home Safety Measures - We’re all obsessed with the safety of our homes. So, we go ahead and take various measures like adding a security system, to keep our homes safe. This positively impacts on your premium, making it lower. 
• Additional Coverages - Some home insurances offer additional covers to cover for things beyond the standard plan. This consequently affects one’s premium.

Tips to Compare Home Insurance Plans

When you’re making the decision to buy a home insurance policy, following are some of the important factors you can compare to choose the right plan for your home:

• Coverage Benefits – The most important part of your home insurance is the kind of coverage you’re getting. You need to know what you will be covered for in case of an unfortunate event. Therefore, always look at what is covered and what is not covered to help evaluate the most valuable plan to you.
• Sum Insured – Your Sum Insured in your Home Insurance refers to the total amount you’ll be covered for in the case of a claim you make. Therefore, be very wary about the amount you’d like to go for since this won’t only affect your home insurance premium but will also affect the claim amount you will receive in the case of damages and losses!
• Add-ons Available – Sometimes, you need coverage beyond just the basic plan benefits. This is where add-ons come into use. Different insurance providers give different ranges of add-ons for people to choose from. Likewise, we at eSanad offer a unique jewelry protection add-on for Home Insurers. Compare your options and see what works for you best!

How to Select the Right Sum Insured?

In insurance, the sum insured refers to the maximum value you’d be compensated for in case of losses. It also determines the value of your insured home. So, you need to be sure that the sum insured you choose reflects the true value of your home. To choose the right sum insured, you should consider your total carpet area in square meters and the approximate value of items in your home.

FAQs about Home Insurance

Is structure and building the same thing in a home insurance?

Yes, structure and building refer to the same thing, i.e., the physical aspects of your house such as the pillars, windows, outer walls, etc.

What should I do in case of damage to my house?

If your house has faced damage due to events such as a fire, robbery, storm, flood, or earthquake, then you should immediately call us at our helpline number 02 610 9000 (we’re available 24×7!) and we’ll take care of the rest.

Can I cancel the policy at any time during the tenure?

Yes, you can cancel your policy at any time. The premium amount will be refunded based on a percentage system as defined in your policy document.

Can all the Individuals in the family be covered under Personal Accident cover? Is there any sum insured capping?

Personal Accident is optional cover. Personal Accident Coverage is limited to the Insured and their spouse. In case of death of Insured & their spouse (after occurrence of Insured) – AED 500,000 per person can be claimed from the insurance company.