Fire at Ajman Tower emphasizes the importance of having insurance

Mar 30, 2016 (0) comment


A huge fire which gutted buildings in the Ajman One residential cluster on Monday night left residents devastated after losing everything right from important documents to a place to stay.

“This is yet another incident where many families could’ve been free of the financial distress they face after losing everything in the fire”, says Mr. Salem Al Mannai, Deputy Group President and CEO QIC – MENA region.

Mr. Mannai elaborates, “Most families don’t see the need for home contents insurance as they assume that their contents are covered by the building’s insurance, which unfortunately is not the case – the insurance covering the building or villa covers the structure but not what’s inside it”.

Two weeks ago, QIC Insured informed that less than 1% percent of homes in Dubai have home contents insurance, which covers for loss and financial risk in case of fire, theft and accidents.

Not expensive at all – less than 10 Dirhams / month

Frederik Bisbjerg, Executive Vice President, QIC Insured says, “Buying a home contents insurance is not expensive at all ; to raise awareness about the importance of insuring home contents against incidents like fire, we’re offering our basic home contents insurance with a 50% discount for the next two weeks to give people a chance to get insured before the summer season”.

This will allow people to buy home contents insurance for less than 10 Dirhams per month – the offer can be availed online at until April 14th 2016.


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