PROPERTY AND BUSINESS INTERRUPTION

4.8/5 Rating

21,000+ Reviews

PROPERTY AND BUSINESS INTERRUPTION WITH ALFRED

Protect your building, stock, rent, machinery, furniture, fixtures and fittings quickly and easily.

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PROPERTY AND BUSINESS INTERRUPTION

OUR PROPERTY AND BUSINESS INTERRUPTION INSURANCE PARTNERS

One size does not fit all. We work with the Leading Property and Business Interruption Insurance companies in the UAE to tailor the right policy for you.

Orient
QIC
AXA
RSA
AIG
Dubai National Insurance
Takaful
Tokio
New India
Oriental
Orient UNB
Watania Takaful
Noor Takaful
Aman
Liva Insurance

TYPICAL SCOPE OF PROPERTY INSURANCE

Provides coverage to the assets you own, rent or lease from any kind of physical damage caused by an insured peril.

Provides coverage to the assets you own, rent or lease from any kind of physical damage caused by an insured peril.

Insured perils include fire, natural perils, accidental damage and theft, among others

Insured perils include fire, natural perils, accidental damage and theft, among others

PROPERTY INSURANCE

Property all risks insurance policies provide cover for financial reimbursements following a loss or damage to your owned or rented property. Whether you own a property and are concerned about any damages that can occur or you are a renter and are concerned about damages to your contents, we can structure the right cover for you.

TYPES OF PERILS COVERED UNDER A PROPERTY ALL RISKS INSURANCE POLICY

Fire

Fire

Explosion

Explosion

Lighting

Lighting

Natural disasters (floods, earthquakes, storms, cyclones)

Natural disasters (floods, earthquakes, storms, cyclones)

Burglary following violent forcible entry or exit

Burglary following violent forcible entry or exit

Bursting of water pipes and apparatus

Bursting of water pipes and apparatus

Malicious damage, riots and strikes

Malicious damage, riots and strikes

Aircraft or articles dropped therefrom

Aircraft or articles dropped therefrom

Accidental damage or impact damage

Accidental damage or impact damage

WHAT TYPES OF PROPERTY CAN BE COVERED UNDER A PROPERTY ALL RISKS INSURANCE POLICY

All types of buildings (Residential, commercial, schools, hospitals, factories, warehouses etc)

All types of buildings (Residential, commercial, schools, hospitals, factories, warehouses etc)

Office contents and equipment

Office contents and equipment

Stocks

Stocks

Plant and machinery

Plant and machinery

Furniture, fixtures and leasehold improvements

Furniture, fixtures and leasehold improvements

Additionally, the following items can be insured in connection to the property owned or rented

Loss of rent

Loss of rent

(As income or as rent payable)

Loss of gross profit

Loss of gross profit

(Business interruption cover)

Third party liability

Third party liability

Liability towards landlord or tenants

TYPICAL EXCLUSIONS IN A PROPERTY ALL RISKS INSURANCE POLICY

Political risks (war, terrorism, sabotage)

Political risks (war, terrorism, sabotage)

Property in the course of manufacturing or property being worked upon

Property in the course of manufacturing or property being worked upon

Loss or damage to money, cheques, evidence of debt and securities of all kind

Loss or damage to money, cheques, evidence of debt and securities of all kind

Machinery breakdown or derangement

Machinery breakdown or derangement

Nuclear risks

Nuclear risks

Wilful destruction of property

Wilful destruction of property

TYPICAL SCOPE OF BUSINESS INTERRUPTION INSURANCE

Also known as consequential loss insurance, business interruption insurance is designed to put a business in the same financial position it would have been in if no loss had occurred.

Also known as consequential loss insurance, business interruption insurance is designed to put a business in the same financial position it would have been in if no loss had occurred.

A property insurance policy only covers the physical damage to the business, while the business interruption policy covers the income that would have been earned.

A property insurance policy only covers the physical damage to the business, while the business interruption policy covers the income that would have been earned.

Scope may include loss of gross profit or increased cost of working due to a peril covered under the property insurance.

Scope may include loss of gross profit or increased cost of working due to a peril covered under the property insurance.

PAYMENT OPTIONS FOR INSURANCE

Credit Card

Credit Card

Bank Transfer

Bank Transfer

Cash

Cash

Cheque

Cheque

WHY CUSTOMERS LOVE INSURANCEMARKET.AE

4.8/5 Rating

21,000+ Reviews

Anna Hughes

Anna Hughes

For 12 years I'm insuring my car with Afia- never had even smallest issue with claims. Service is excellent - very pleased with Mr.Ian who cares about my account. I wish we have more companies in the UAE with such a service! Thank you Afia team!

Carmencita Guanco

Carmencita Guanco

Our company has been dealing with AFIA in the past 3 years. They are always helpful and very attentive to details. Jecryl who has been helping me with our company requirement is very knowledgable with their products and have given me various options to meet our company requirements. I will definitely recommend them to family and friends. Just now, one of our drivers had an accident. Ms. Teresa from claims department help me immediately. She was able to give me a reference claim number within 10 minutes from the time I contacted her.

DARIUS LABELLE

DARIUS LABELLE

Excellent, Speedy, and Professional Service. Agatha Alicdan has been extremely helpful in everything relating to medical and business insurance for our group - providing options, recommendations, and very quick response.

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