Home Insurance

What is it?

Put your home in safe hands with the Home Insurance program designed in collaboration with AXA Middle East that ensures your lodging, your residency and your third party liability. It is a one package policy at a highly competitive price. 

What does it cover?

•  Value of construction in case of total loss (for house owners)
• Value of contents available in case of total loss (for both cases of ownership and rental)
• Compensation in the event of fire, burglary, explosion, lightning, impact of bumping vehicles or aircraft crashes affecting the house insured
• Compensation in the event of natural disasters
• Compensation in the case of water damage
• Compensation in the case of glass breakage
• Cancellation of electrical clause (compensation for the electrical machine that caused the fire explosion in addition to the damages occurred)
• Supplementary fees (costs incurred by transportation or warehousing of house contents when home is damaged)
• Liability towards landlord or co-owners in the event of fire or explosion
• Liability towards neighbors’ in the event of fire or explosion
• Liability towards third party in cases of emergencies caused by the home insured or by its residents
• Workmen’s compensation in case of home accidents affecting the house keeper, gardener, cook or any other home employee
• The property subject to insurance has to be residential only

Features & benefits

• Immediate issuance of the policy on FRANSABANK’s counters
• Premium can be paid through monthly installments deducted from your account at FRANSABANK at zero interest rate

Premium

The insured home is owned