Individuals

Personal Family Assets Insurance

Motor Insurance

You will need all the safety you can afford on the road these days. Methaq’s Takaful motor insurance comes to the fore with innovative and flexible features that address your requirements in a relevant way. Our motor insurance offers:

  • Personal Accident cover for passengers
    The benefits and compensation includes cover for death, total and partial loss of sight and physical severance.
  • Roadside Assistance
    Methaq motor insurance offers peace of mind with Emergency Roadside Assistance Services throughout the UAE. It includes Vehicle towing, Battery boost service, Flat tyre, Lock out, Emergency fuel delivery, Off-road recovery, Registration renewal and Discounted International Driving License.
  • Storm, Flood, Riot and Strike
    Our policy protection extends to cover riots, civil commotion and floods as well.
  • Medical Expenses
    You and your passengers are eligible for reasonable cost of medical expenses should the unforeseen happen.
  • Personal Belongings
    Your damaged personal effects are also covered, the loss value being up to AED 5,000.
  • Agency Repair
    The policy covers agency repairs for 2 years from the date of registration.
  • Replacement Car You can enjoy a replacement vehicle for 7 days against an imprint of your credit card, once your claim is accepted.


*Terms and conditions apply
For details on terms and conditions, please refer to our memoranda of Takaful principles and conditions or better still, get in touch with our insurance advisor.

Home Insurance (building and content)

Your home is your world. It is probably your most prized possession. But even the most secure house is vulnerable. It is exposed to many events like accidents, burglary and fire to name a few. It is important that you protect your home from any such eventuality.

You can count on Methaq as your trusted partner to provide you the necessary financial protection for your home from common perils. We can also cover your legal responsibilities when you accidentally cause damage to your neighbour’s or landlord’s property, such as your child’s football crashing through their very expensive window or damage to the walls of your rented home from a fire due to the oven accidentally being left on. Your domestic help may slip on a bar of soap and hurt himself / herself. Not only is the domestic help out of service for some time, you are under moral obligation to compensate for the injury. You could also incur legal liability and court may award compensation against you.

Methaq’s Residence Plus policy is nicely packaged to cover the above eventualities.

Covers at a glance

Buildings
If you own the buildings you can cover them against fire, perils and accidental damage. You are also covered for the following:

a. cost of alternative accommodation
b. accidental damage to underground pipes etc.
c. accidental breakage of glass and sanitary fittings
d. your legal liability as property owner in respect of third party bodily injury or property damage

Contents
We cover loss or damage to contents at your home due to fire, perils and accidents. We also cover the following:
a. food in refrigerators
b. loss of personal money and credit cards
c. fraudulent use of credit cards
d. loss of rent or cost of alternative accommodation
e. loss of keys
f. loss of metered water
g. your legal liability as occupant of your home in respect of third party bodily injury or property damage
h. Your legal liability to the landlord as tenant.

Personal effects and valuables
We cover accidental loss or damage to your personal effects and valuables while they are in your home or while you wear them or take them out anywhere in the world for a maximum of 60 days.

You will need to specify valuables exceeding AED 5,000 in value in respect of any single item.

Personal Accident cover for you and your spouse
If you or your spouse meets with an accident while you are at home resulting in death or bodily injury, we will pay a fixed monetary compensation

Domestic Servants
We cover your domestic servant for a fixed amount of benefit if they meet with an accident while performing their work that causes his/her death or bodily injury.

We also cover the medical and repatriation costs associated with the covered injury.

Exclusions
Some of the major exclusions under the policy are given below.
This policy does not provide any cover in respect of:

  • Loss or damage due to mechanical or electrical breakdown
  • Loss or damage by subsidence, heave or landslip
  • Loss or damage happening when the buildings are unoccupied for over 30 days
  • Loss, damage or liability caused by domestic pets
  • Liability arising out of motor vehicle, water craft or air craft
  • War and terrorism
  • Any loss in market value
  • Contamination and Pollution
  • Gradually operating cause such as wear and tear

Note: This brochure only lists the main features of the cover. For more details on terms and conditions please read the policy document.

Methaq Pleasure Craft Plus

Methaq helps you sail away peacefully with it's Yacht and Pleasure Craft Plus Insurance policy. From small yachts to large motor cruisers, we have the expertise to find exactly the right policy for our clients, at the right price.

Your Insurance cover includes:

    Accidental or damage to the pleasure craft while in water or when transported on land. Vandalism or Malicious damage, or any act of negligence. atent Defects in the hull or machinery Sinking or stranding Weather related damage Damage whilst loading or unloading Bursting of boilers or breakage of shafts Collision, or other external accidental means Outboard Motors falling off. Theft of the entire craft, or of gear or equipment following a forcible entry to the craft itself or its storage location. Racing Risks (where required). Loss of life or bodily injury, including passengers on board, resulting from the use of the pleasure craft. Loss or damage to any third party property resulting from use of the pleasure craft. Cover for your yacht pleasure craft at the Musandam peninsula in Oman at no extra cost

Territorial Limits: UAE and UAE interests in GCC countries

Gross Premium Rates

Insured Value (USD) All sailing crafts and motor boats of less than 16 feet with MDS not exceeding 17 knots Motor boats 16 feet and above and all motor boats with MDS in excess of 17 knots but maximum speed 40 knots
0 – 25,000 1.800% 2.475%
25,001 – 50,0001.575%1.800%
50,001 – 100,0001.350%1.575%
100,001 – 150,0001.125%1.350%
150,001 – 200,0000.900%1.125%
200,001 and over To be referred To be referred