UAE – 80% insurance price increase on towers
Saturday, 07 09 2016, Category: Insurance and Reinsurance, Country: U.A.E
Insurance companies operating in the country increased the prices of fire insurance policies covering buildings and towers with an aluminum façade by 80% since the beginning of the current year. Therefore, prices increased to 0.05% of the total estimated value of real estate against 0.03% during the same period last year according to the directors and officials of insurance companies and brokers in the country.
He added that the insurance prices of traditional buildings and real estate stabilized at rates ranging between 0.025% and 0.03% of the total value of real estate without amendments.
Source: Al Ittihad