Real estate insurance is necessary to protect against potential dangers – Gulf Today

Real estate insurance is necessary to protect against potential dangers – Gulf Today

Real estate insurance is a binding requirement for obtaining a mortgage loan from most of the UAE banks.. Real estate expert Walid Al-Zarouni stressed the need for real estate insurance in the United Arab Emirates, as a means of protection for residential buildings and their contents to protect them against potential dangers.. Walid Al Zarouni added that the common belief that real estate insurance is the responsibility of the owner, is not true.. Al Zarouni stressed that insurance should be the next step immediately after buying or renting real estate, because it can protect against potential future losses..