| About 4 million villas, apartments, communal houses and other real estate units in the Kingdom are not covered by insurance. Another 2.8 million housing units are estimated to require coverage by 2025. This number will increase at a rate of 200,000 units every year, according to an insurance expert.
Director of property and accidents insurance at Al-Tawuniya insurance company, Mutlaq Abdullah Al-Qahtani, said the house insurance had become a necessity. He said modern household equipment could be vulnerable to fires and explosions, and also larceny...............................................Full Article: Source
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