Things money can’t buy

T he recently reported fire in some of the buildings in the UAE was shocking to read. Many of the tenants and landlords have lost their valuable documents, like passports, certificates and tenancy contracts. Most of the landlords have not insured their buildings and they land in trouble when they need to get the building repaired and have to spend money from their accounts. They cannot claim anything from insurance. The tenants also fall in the same ditch due to heavy losses. It is not possible for many salaried people to take an insurance policy for their belongings, as they cannot pay the premium. Whatever amount they get as salary, is often not enough for their monthly expenses. Hence, nobody will go for an insurance policy. Even if you take a policy, you may get some money from the policy and that money cannot return your important lost documents. I have not insured my properties as I find it unnecessary. It is better to increase the salary of employees and deduct a small amount of money for insurance against personal belongings. But still there is no scope of getting back original lost documents.

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