News Middle East19 Jul 2017

UAE:Around 70% of households lack home insurance

19 Jul 2017

Despite understanding the risks associated with not being covered by home contents insurance, the majority of UAE residents lack a home insurance policy, according to a recent survey by, the Middle East's leading comparison site.

The survey revealed that 69.1% of people in the UAE are currently not signed up to a home contents insurance policy. This is despite the fact that 84.5% of UAE residents admit that they would feel more comfortable if their belongings were covered by home insurance when they travel.

The reasons why so many UAE residents aren’t signed up to home insurance despite understanding the risks associated with not being covered are varied. The reason cited by the most respondents (35.5%) is that while they understand the importance of home insurance, they prefer to simply take the chance that nothing will happen.

However, the biggest surprise of the survey was that 35% of respondents said that they don’t see the point at all in home insurance. This is despite the fact that two thirds of respondents who gave this answer also claimed they’d feel safer about their homes when they travel if they had home insurance.

Over 19% said that the primary reason for not being covered by home insurance was that they thought coverage was too expensive, while 9.2% claimed that home insurance was too difficult to arrange.

“What this survey illustrates is a need for greater education on home insurance in the UAE. It would appear that, while UAE residents associate the idea of home insurance with safety and protection, many don’t understand the practical benefits that come with having your belongings covered by a home insurance policy,” said Mr Jonathan Rawling, CFO of

“We’re hoping to get across with this survey that, actually, home insurance is useful, and it can be cheap and easy to arrange. The average policy sold on goes for AED220 (US$60) – not bad compared to the AED28,000 it would cost to re-furnish the average one-bedroom apartment in the UAE. And the best part is that coverage can be arranged at the click of a button,” said Mr Rawling.

However, the survey also showed that there has been growth in home insurance purchases. A survey conducted by Qatar Insurance Company in 2016 found that just 9% of UAE residents had home insurance. That around 30% are now covered, according to compareit4me’s more recent poll, suggests that UAE residents are more willing to purchase coverage.

“This statistic is supported by the growth we’ve seen in home insurance policy sales, which have tripled during the first half of 2017,” said Mr Rawling.

The poll was conducted between June and July 2017, and compiled responses from over 330 individuals residing in the UAE.



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