HSBC UAE Home Insurance Coverage
|Coverage for personal belongings||Not exceeding AED 5,000 as per sum declared|
|Key, lock Replacement cover||Up to AED 5,000|
|Loss of rent and alternative accommodation||Up to 20% of the sum assured|
|Emergency Access||Up to AED 1,000|
|Tenant’s improvements||Up to 10% of the sum assured|
|Contents in the open||AED 2,500|
|Fatal Accident Cover||Up to AED 50,000|
|Prams and Wheelchairs||AED 1,000|
|Garden Cover (Optional)||AED 5,000 – AED 10,000|
|Domestic Helper Cover (Optional)||
Death or permanent total disablement – AED 30,000
Medical Expenses – AED 10,000
Repatriation expenses following death/permanent total disablement – AED 5,000
|Tracing a leak||Up to AED 5,000|
|Money, title deeds etc.||Up to AED 5,000|
|Tenant’s Liability||Up to AED 2,00,000|
|Insured person’s liability to others||Up to AED 2 Million|
Introduction to HSBC Home Insurance in UAE
Hong Kong and Shanghai Banking Corporation or the HSBC realizes the need for you to have your house protected against any grave calamities, natural or otherwise. HSBC home insurance is provided by Zurich which gives you the flexibility to choose the right cover based on your lifestyle.
Features and Benefits of HSBC Home Insurance
Listed below are some of the most significant features and benefits of home insurance by HSBC.
- Insurance for building of the house, contents, appliances, jewellery as well as other valuables. This is applicable in case of fire, accidental damage, unexpected events and natural calamities
- Contents are covered while you are away on a holiday of up to 60 days
- Customized insurance solution to cover individual needs of customers
- Tenant liability cover is provided by HSBC home insurance
- Damage due to movement of contents during shifting of house is also covered
- Cover to replace house deed in case of loss or damage
- Covers your possessions against accidental breakage
- Covers your possession against accidental loss
- Protects your house against accidental damage, lock replacement
- Payment towards alternative accommodation is also covered
Eligibility Criteria for HSBC Home Insurance
You can avail the Zurich home insurance by HSBC if you are –
- A UAE resident
- A tenant or a home owner in the UAE
- Existing HSBC customer
- Sole resident without sharing or sub-letting the house
Why choose HSBC Home Insurance?
HSBC has an extremely strong and old presence in the United Arab Emirates. The bank dates back its presence in the UAE to as early as 1946 when initially it was known as the British Bank of Iran and the Middle East.
HSBC is one of the largest banks of the world and the largest bank of Asian origin. The bank provides excellent financial products and services and strives continuously to innovate. The bank has a strong footing in financial domains like investment banking, corporate banking, wealth management, equity trading etc.
Other products offered by HSBC in UAE are:
Frequently Asked Questions - FAQs
Does HSBC provide home insurance to customers?
What optional riders are available with the HSBC home insurance?
HSBC home insurance is actually provided by Zurich Insurance Middle East. All claims, processing etc. are attributed to Zurich Insurance and not to HSBC.
The following three optional riders can be chosen with the HSBC home insurance:
- Personal Possessions
- Garden Cover
- Domestic Helper Cover
Can I customize my home insurance product as per my individual requirement?
Yes. There are various options available which let you fully customize your home insurance product from HSBC.
What is meant by accidental damage?
Damage to contents which happens accidentally and not deliberately is covered under accidental damage.
Are my household items cover when I shift my house within UAE?
Yes. When you shift your house, your things are covered against any damage under the home insurance plan.
Can I get increased insurance cover apart from what is being offered?
Yes. Enhanced insurance cover can be obtained by contacting the Zurich Insurance branch.
How do I pay the HSBC home insurance premium?
You need to call and pay the premium via your credit card.
Are my belongings covered if I am a tenant?
Yes. Your belongings and content is covered up to a certain amount as listed in your insurance policy document.
Which home insurance plan should I choose?
You should choose a home insurance plan which suits your requirements the best. This will also depend upon your belongings and their subsequent value.