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Fujairah National Insurance Company announced the launch of «FloodGuard»The first insurance product in the Middle East region to provide exclusive coverage for accidental loss and damage caused by floods, torrents, storms and hurricanes for drivers of vehicles insured against civil liability (against third parties)..
He presents FloodGuard Basic coverage for personal or business-owned vehicles used exclusively for personal or recreational purposes, especially those over 7 years old which are often not eligible for loss, damage and liability insurance..
“Fujairah National Insurance Company launched this product in response to the recent heavy rains that the UAE has witnessed. This innovative program provides great comfort to private vehicle owners. We are keen to commit to meeting the needs of our customers and enhancing their sense of security in light of these climate changes that the UAE has witnessed,” said Antoine Al Maalouli, CEO of Fujairah National Insurance Company.».
As for the coverage limits, Al-Maalouli stated that policyholders can choose coverage limits of AED 25,000 or AED 50,000 for 12 months..
He stated that it is being activated. FloodGuard After 15 days from the date of entry into force of the document.
He stressed that this product does not replace insurance against loss, damage and civil liability on vehicles or insurance against civil liability. Rather, vehicles insured under civil liability insurance policies are eligible for insurance against this type of insurance, noting that it is not required that civil liability insurance be issued by Fujairah National Insurance Company. (AFNIC)It may also be issued by any other insurance company..
