Home Safe Insurance
RAKBANK brings to you Home Safe Insurance* provided by Union Insurance Company (P.S.C); offering a wide range of protection features. With your Home Safe insurance cover, you can enjoy the following protection features:
- Cover for your home safe in case of Accidental loss or damage to the contents due to natural calamities or any unforeseen events
- Coverage for valuables is worldwide when carried while travelling by Insured Person (s) for a maximum of 90 days
- Contents in toilets / utility rooms/ stores/ kitchen are included
- Reimbursement of cost for reissuance of documents like passport, license and other identity proof documents are covered against any loss or damage for AED 2,500/- (per year limit)
- Reimbursement of cost of emergency supplies (basic necessities) are covered upto AED 5000/- (per year limit)
- Alternate Temporary residence allowance is covered – AED 250 for 10 days – (per year limit)
- Public liability of up to AED 1 Million , per occurrence and aggregate per Policy Year
- Tenant's Legal Liability is covered for material damages caused to the property of the landlord for up to AED 100,000/- per occurrence and aggregate per Policy Year
4 levels of covers to provide you with the best protection as below.
|Accommodation Type||Sum Insured ( in AED)|
|Studio||25,000/- to 200,000/-|
|One bedroom||50,000/- to 200,000/-|
|Two bedroom||100,000/- to 200,000/-|
Flexibility and Convenience
- Flexibility to choose the level of cover that suits your needs
- Worldwide cover for personal effects
- Choice of payment modes – Credit Card or Direct debit to RAKBANK account (annual payments only)
- RAKBANK Customer
- The Premises Insured should be located in United Arab Emirates.
- The Customer(s) should not be living in shared or sublet accommodation
*Insurance is offered by Union Insurance Company (P.S.C) for RAKBANK customers and is subject to their approval. Terms and Conditions of the Insurance policy shall apply. This is for your information only and RAKBANK is neither responsible for, nor guarantees or warrants the quality, fitness for purpose, suitability of the Insurance being offered and does not accept any liability and will not be liable for any loss or damage arising directly or indirectly to the customer taking the Insurance.