Property Insurance

Property insurance is a critical tool for businesses to protect their physical assets, including buildings, equipment, inventory, and other property, against risks such as fire, theft, natural disasters, and more. For corporate clients, property insurance ensures business continuity by covering the costs of repairing or replacing damaged assets.

 

Fire, Allied Perils, and Burglary: Protects commercial properties against fire, theft, and other risks.

Scope of Cover:

  • Fire, lightning, explosion, and aircraft damage.
  • Optional extensions for earthquake, storm, flood, and malicious damage.
  • Consequential loss coverage for business interruption, rent, and debris removal.

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FAQ

Property insurance in Lebanon typically covers:

  • Damage to the structure of your home or building (e.g., fire, explosion, natural disasters)
  • Damage to personal belongings (e.g., furniture, electronics, jewelry)
  • Theft or burglary
  • Vandalism
  • Additional living expenses if your home becomes uninhabitable due to a covered event

No, property insurance is not mandatory in Lebanon. However, it is highly recommended to protect your home and belongings from unforeseen events like fires, theft, or natural disasters.

Yes, we offer property insurance for apartments, villas, and other types of residential properties. Whether you own or rent, we can tailor a plan to suit your needs.

Property insurance usually excludes:

  • Wear and tear or maintenance-related issues
  • Damages caused by war or terrorism
  • Intentional damage to the property
  • Losses due to illegal activities
  • Certain high-value items (e.g., fine art, antiques) unless specifically declared

Yes, property insurance can cover your furniture, electronics, clothing, and other personal belongings against risks like theft, fire, or water damage. High-value items like jewelry may require additional coverage.

In case of damage:

  • Ensure your safety and contact emergency services if necessary.
  • Document the damage with photos or videos.
  • Contact your insurance provider or broker immediately to file a claim.
  • Provide all required documents (e.g., police report for theft, repair estimates).

Yes, even if you’re renting, you can insure your personal belongings and liability as a tenant. This ensures you’re protected against theft, fire, or accidental damage to the landlord’s property.

Our brokers will help you assess the rebuilding cost of your property and the value of your belongings to determine the appropriate coverage. It’s important to avoid underinsuring or over insuring your property.

Yes, you can cancel your policy at any time. You may receive a refund for the unused portion of your premium.

Yes, you can add riders or endorsements to your policy to cover high-value items like jewelry, fine art, or electronics. Make sure to declare these items and provide proof of value.

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