Our tailor made insurance covers are global in nature, with competitive terms provided by rated insurance companies in the region.
What is Property All Risk Insurance?
The all risk insurance policy provides you with coverage for accidental physical loss of or damage to the property insured whilst situated at the premises described in the policy schedule. Coverage is on all-risk basis in accordance with the policy wording.
What is not covered?
Period of Insurance
The coverage is provided for a period of 12 months.
Basis of Sum Insured
The sum insured may be either on the basis of the actual value or the new replacement value of the property but should be adequate to cover the total exposure.
The sum insured is very important and needs to be given careful consideration to avoid applying the Average Clause (i.e. application of under-insurance) in the event of a claim.
Deductible
Policy always has a monetary deductible applicable to each and every loss
Important Information
Please note that for the easy understanding of the insurance policy, we have highlighted the important aspects. We will be glad to receive your queries and discuss the full set of policy terms, conditions and exclusions.
For more information, please contact ( Premier Insurance Broker ) at +971 2 658 8880.
Claim Settlement
In case of a partial loss, payment for repairs and replacement is made. In case of policy with reinstatement value clause, the cost of reinstatement will be paid on completion of reinstatement subject to overall limit of the sum insured.
The insurance company may at its own discretion, repair or replace the affected property instead of paying for the cost of restoration.
You must alert us of any accident that may lead to a claim covered under the policy, and our team of experts will assist you in the quick settlement of the claim.
Call us as soon as possible, in case of an accident, and our team of experts will guide you through the claim process. For more information, please contact ( Premier Insurance Broker ) at +971 2 658 8880.
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