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Moath Samer
Attorney
الأسئلة المجابة 46920 | نسبة الرضا 98.5%
Does UAE law invalidate an insurance policy if a...
إجابة الخبير: Moath Samer
Moath Samer
Attorney
الأسئلة المجابة 46920 | نسبة الرضا 98.5%
Dear Customer,
Thanks for joining and trusting us, much appreciated!
We would like to inform you that as for the insurance policy, it constitutes an obligation on the insured and the insured parties a long as it is agreed on a certain percentage must be adhered to and can't revoke the insurance policy only judicially and you can check the authenticity of the insurance policy through the following link: verify certificate
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الرد من العميل
Many thanks. My point was more around the insurance cover. Does UAE law require a minimum mandatory insurance cover linked to the market value of properties ?
إجابة الخبير: Moath Samer
Moath Samer
Attorney
الأسئلة المجابة 46920 | نسبة الرضا 98.5%
Dear Customer,
Welcome again!
Pricing is usually carried out on a basis related to the type and severity of the risk, as well as the units insured and the frequency of those risks over the past years, both on similar risk and the available and taken precautions. It is customary to cover the natural disasters of real estate within a document including whether fire or other coverings resulting from nature damage such as earthquakes, hurricanes, volcanoes, etc. The insurance coverage of real estate is extended through the basic fire document so that the coverage becomes within an expanded document called the Comprehensive Property document.
Kind Regards
إسأل Attorney
Moath Samer
Attorney
الأسئلة المجابة 46920 | نسبة الرضا 98.5%
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