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Fire & Property All Risk - Quote Requirements

Required Documents

Mandatory for All Quotes

  1. Trade License
  2. Valid business registration
  3. Shows property ownership or tenancy

  4. Required for underwriting

  5. Emirates ID

  6. Property owner ID
  7. Valid and current

  8. For identification

  9. Property Photos

  10. External views of building
  11. Internal views of property
  12. Required for risk assessment

  13. Showing construction type and condition

  14. Additional Documents (as needed)

  15. Valuation report
  16. Mortgage documents (if applicable)
  17. Fire safety certificates
  18. Previous insurance details
  19. As requested by underwriter

Required Information

Basic Policy Details

Field Purpose
Product Code 1010, 1020, 1030, or 1040
Sum Insured Total property value
Policy Start Date Coverage begins
Policy End Date Coverage ends (typically 12 months)
Insured Name Property owner name

Property Information

Field Purpose
Property Address Location of insured property
Property Type Villa, apartment, warehouse, factory
Occupancy Type Residential, commercial, industrial
Construction Type RCC, steel, wood frame
Building Age Year of construction
Number of Floors Building height
Floor Area (sq.m.) Property size

Property Breakdown

Component Purpose
Building Value Structure and permanent fixtures
Contents Value Furniture, equipment, movables
Stock Value Inventory (if applicable)
Machinery Value Plant and machinery
Total Sum Insured Combined value of all components

Risk Assessment Information

Field Purpose
Fire Protection Sprinklers, alarms, extinguishers
Security Features CCTV, guards, access control
Nearest Fire Station Distance in kilometers
Previous Losses Claims history (last 5 years)
Special Hazards Chemical storage, LPG, hazardous materials
Mortgage Details Bank interest if property is mortgaged

Pricing Methods

Method 1: Villa/Residential (Current Standard)

For residential villas and apartments:

Sum Insured below AED 2,000,000: - Minimum premium: AED 900 (with VAT) - Fixed rate application

Sum Insured above AED 2,000,000: - Requires underwriter referral - Custom pricing based on: - Property value - Location - Construction type - Fire protection measures - Occupancy type

Method 2: Rated Pricing (Commercial/Industrial)

For commercial and industrial properties: - Rate based on property value - Occupancy type and risk level - Construction type - Fire protection measures - Location and exposure - Previous claims history

Note: Additional pricing methods apply based on property specifics.

Underwriter Referral

When Referral Is Required

Cases that need underwriter approval: - Sum insured above AED 2,000,000 - High-risk occupancies (factories, chemical storage) - Poor construction type (wood frame, old buildings) - Properties without fire protection - High-value contents or stock - Properties with adverse claims history - Special hazards present

Referral Process

  1. Submit quote with all documents and photos
  2. Underwriter assesses risk and property condition
  3. Additional information requested (if needed)
  4. Property inspection may be required
  5. Custom pricing provided
  6. Approval or decline decision

Quote Creation Process

Step-by-Step

1. Collect Documents - Trade License - Emirates ID - Property Photos (external and internal) - Valuation report - Previous insurance details

2. Determine Pricing Method - Check if residential villa/apartment under AED 2M - Apply standard rate if eligible - Flag for referral if above threshold or high-risk

3. Enter Property Details - Property address and type - Sum insured breakdown (building, contents, stock, machinery) - Construction type and age - Fire protection and security features - Occupancy type

4. Select Coverage - Fire and Allied Perils: Select each peril - Property All Risk: All risks automatic - Business Interruption: If required - Optional extensions

5. Submit for Processing - Standard cases: Immediate quote - Referral cases: Underwriter review

Property Types

Residential Properties

  • Villas
  • Apartments
  • Townhouses
  • Housing compounds

Commercial Properties

  • Office buildings
  • Shopping centers
  • Hotels and restaurants
  • Retail premises

Industrial Properties

  • Factories
  • Manufacturing plants
  • Processing facilities
  • Workshops

Warehouse/Storage

  • General warehouses
  • Cold storage
  • Distribution centers
  • Logistics facilities

Construction Type Classification

Type 1 - Fire Resistive (RCC)

  • Reinforced concrete construction
  • Fire-resistant materials
  • Lowest risk
  • Best premium rates

Type 2 - Non-Combustible (Steel)

  • Steel frame construction
  • Non-combustible materials
  • Low risk

Type 3 - Ordinary (Brick/Block)

  • Brick or concrete block walls
  • Combustible roof
  • Moderate risk

Type 4 - Heavy Timber

  • Timber construction
  • Heavy structural members
  • Higher risk

Type 5 - Wood Frame

  • Wood frame construction
  • Highest fire risk
  • Highest premium rates

Validation Rules

Mandatory Checks

Sum Insured: - Must be greater than zero - Must reflect actual property value - Required field

Property Photos: - Must show external views - Must show internal condition - Must be recent (within 6 months) - Required for all Fire and PAR policies

Property Type: - Must be valid occupancy type - Construction type must be specified - Cannot be vacant or unoccupied without disclosure

Policy Dates: - End date must be after start date - Typical period is 12 months - Cannot backdate more than 30 days

Fire and Allied Perils Specific

Peril Selection

For 1010 policies, select required perils: - Fire and lightning (mandatory) - Explosion - Aircraft damage - Impact damage - Riot and strike - Malicious damage - Storm or tempest - Flood - Earthquake - Burst pipes

Valuation Basis

Choose valuation method: - Reinstatement: New for old (no depreciation) - Indemnity: Actual value after depreciation - Market Value: Current market price

Property All Risk Specific

Automatic Coverage

PAR policies automatically include: - All perils covered by Fire policy - Plus theft and accidental damage - All risks unless specifically excluded

Higher Requirements

PAR policies typically require: - Better fire protection measures - Enhanced security features - Regular property inspections - Higher minimum premiums

Next Steps