It’s reassuring to know that your home and its contents are safeguarded against unforeseen circumstances such lost belongings, fire, theft and flood damage. Here are some of the things you should consider before purchasing home insurance.
Decide on the coverage
The better the coverage, the lesser you will have to pay out of your pocket in the event of any unforeseen incidents. Consider listing specific high value purchases on your contents insurance. Do note that the value of your contents and property will affect the premium that you pay. However, you can still get RSA home insurance for a cheap price – for as little as 20 AED a month, RSA will even insure your mobile phone.
Focus on the excess
Insurance excess is the set amount that you pay each time you make a claim. RSA want to help you in your time of need as much as possible, but do we aware of the excess that must be paid each time you make a claim on your home insurance.
Review every year
You should review your home insurance every year and ensure that it provides you adequate coverage. New high value purchases will add more value to your home and therefore will increase the replacement costs.
If you don’t have home insurance, consider all these factors before purchasing. If you buy RSA Home Insurance during the holy month of Ramadan, you can stand a chance to win a Home Centre Voucher worth 1000 AED.