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May 7, 2024 · There are a few reasons why your flood insurance claim might be denied. Some of the most common include: Flood damage is not covered by your policy. Review your policy exclusions carefully, especially for cars (e.g., driving through floodwaters). Failure to file a claim on time. Be aware of any deadlines for filing claims. Insufficient ...
Apr 23, 2024 · For flood protection, you need comprehensive car insurance. Similarly, for property damage, a standard homeowner’s insurance policy might not cover floods. You may need a separate flood insurance policy or an add-on for your existing policy that specifically mentions flood coverage.
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Apr 25, 2024 · Dubai residents must better prepare for heavy rains going forward, experts told Arabian Business, urging people to obtain comprehensive home insurance covering floods and calling on property developers to maintain high construction standards.
Aug 5, 2022 · Insurance companies in the UAE are starting to receive claims from car owners whose vehicles were damaged in the flash floods that caused widespread damage in the Northern Emirates last week. Insurers told The National that they are expecting more claims from customers once they receive a police report for their damaged cars.
- Ali Al Shouk
Apr 23, 2024 · Storms that hit the United Arab Emirates, Oman, Saudi Arabia and other Gulf Cooperation Council (GCC) countries in April 2024, causing heavy floods, will push up local insurers’ claims and reinsurance costs and weigh on capital adequacy for some smaller insurers.
Apr 24, 2024 · UAE insurers have been “badly hit” following April’s freak rains, a veteran industry executive warned on Tuesday, but the scale of companies’ losses from the floods will depend on their own reinsurance cover. The UAE experienced its heaviest rains in 75 years last week.
May 2, 2024 · Insurance companies could opt against covering areas of Dubai that were flooded during last month’s heavy rainfall, according to an expert from the S&P Global Ratings agency.
