Al Fujairah National Insurance (AFNIC) has launched the region's first insurance product exclusively covering accidental loss or damage from Flood, Inundation, Storm, and Tempest for motorists with third-party liability insurance coverage.
The product, called FloodGuard, offers crucial coverage for personal or company-owned vehicles used exclusively for personal or leisure purposes, especially those over seven years old which often do not qualify for comprehensive insurance.
“In response to the recent heavy rains in the UAE, AFNIC’s innovative solution provides much-needed relief to private car owners. We are proud to spearhead this groundbreaking insurance product in the UAE,” said AFNIC CEO Antoine Maalouli. “Our commitment is to address our clients’ evolving needs and offer them the reassurance they seek in an ever-changing world.”
Policyholders can select coverage limits of AED25,000 ($6,800) or AED50,000 for a 12-month term. The policy is easily accessible online via the AFNIC’s website at afnicfloodguard.ae or through AFNIC’s mobile app, with the purchasing process taking under five minutes. FloorGuard is also available at any AFNIC branch or from over 40 authorised outlets, including vehicle testing centres, throughout the UAE.
FloodGuard will be active 15 days after the policy start date. This standalone product does not replace Motor Comprehensive, Motor Third Party Liability (TPL), or Statutory Vehicle Insurance and is compatible only with existing Motor TPL policies from AFNIC or other insurers.