UAE Witnesses 400% Jump in Insurance Claims After Heavy Rain
- Publish date: Monday، 22 April 2024
Insurance claims are being made across various categories.
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Insurance companies in the UAE revealed that they have witnessed a 400 percent increase in insurance claims after the country witnessed record-breaking rainfall last week.
Claims worth hundreds of thousands of dirhams have been made related to restaurants, shops, vehicles, and other things.
CEO of Insurancemarket.ae Avinash Babur said, "We believe many claims are yet to be reported, so it's going to be an unprecedented time for the insurance industry... It's expected to be the highest ever."
Insurance claims are also being made for water damage and electrical issues at homes caused by the heavy rainfall.
CEO of eSanad Anas Mistareehi has warned that reporting an insurance claim will not guarantee coverage or compensation.
The Unitrust Insurance Broker received 25 claims from shops and restaurants within a day, which would be worth around two to three million dirhams.
The company predominantly received insurance claims related to vehicles that were stuck on flooded roads.
How to Make an Insurance Claim for Damage Caused by Heavy Rain?
According to InsuranceMarket.ae, to make an insurance claim for damage caused by heavy rain in the UAE, you have to obtain a police report.
The ‘To Whom It May Concern’ (TWIMC) certificate can be obtained from the Dubai Police app in the emirate.
The applicant also needs to submit copies of the vehicle registration card, driving licence, spot photos for damage assessment, and a claim form describing the details of the damage.
Compensation can vary for different insurance policies, so individuals need to check their insurance policies when making the claim.
Depending on the severity of the damage, insurers can take up to 10 days or more because of the surge in insurance claims recently.