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Dubai News Club > Finance > Insurance does not cover fires in “mortgaged” villas if they are divided into residential units
Finance

Insurance does not cover fires in “mortgaged” villas if they are divided into residential units

Press Room
Last updated: 2026/02/22
Press Room
Published: February 22, 2026
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Two experts confirmed that insurance companies do not cover fire damage when it occurs in villas mortgaged to banks, as long as it is divided into more than one resident, and without the knowledge of the insurance company, whether affiliated with the bank or an independent company.

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