An insurance company in the UAE has announced the region’s first flood and storm damage protection policy.
Al Fujairah National Insurance Co. (AFNIC) announced the launch of “FloodGuard,” the region’s first insurance product exclusively covering accidental loss or damage from floods, inundation, storms, and tempests for third-party insured motorists.
FloodGuard offers crucial coverage for personal or company-owned vehicles used exclusively for personal or leisure purposes, especially those over 7 years old that often do not qualify for comprehensive insurance.
UAE flood and storm insurance
AFNIC CEO Antoine Maalouli said: “In response to the recent heavy rains in the UAE, AFNIC’s innovative solution provides much-needed relief to private car owners. We are proud to spearhead this groundbreaking insurance product in the UAE.
“Our commitment is to address our clients’ evolving needs and offer them the reassurance they seek in an ever-changing world.”
Policyholders can select coverage limits of AED 25,000 or AED 50,000 for a 12-month term. The policy is easily accessible online via the AFNIC’s website and app, with purchase taking under five minutes.
It is also available at any AFNIC branch or from over 40 authorised outlets, including vehicle testing centres throughout the United Arab Emirates.
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