BankDhofar strengthens home protection with comprehensive insurance solution

BankDhofar is strengthening its position in Oman's retail bancassurance market with a comprehensive Home Insurance solution that combines the bank's customer reach with the underwriting expertise of Dhofar Insurance, offering homeowners and tenants an accessible way to safeguard their  valuable assets.

A home represents far more than bricks and mortar. It is often a family's largest financial investment, while also protecting cherished possessions accumulated over many years. Recognizing this, BankDhofar's Home Insurance has been designed to provide broad financial protection against a wide spectrum of everyday and unforeseen risks, helping customers recover more quickly from unexpected events.

The policy provides cover for residential buildings, household contents and domestic appliances against losses arising from fire, accidental explosion, malicious damage, riots and civil disturbances, as well as natural hazards including cyclones, floods, rainstorms, landslides and earthquakes.

Coverage extends beyond the main residence to include permanent structures such as garages, outbuildings, swimming pools, terraces, patios, driveways, walls, gates and other fixed installations. Household furniture, fixtures, fittings and personal belongings are also protected, giving customers a comprehensive level of cover under a single annual policy.

A standout feature of the offering is its flexibility. While core protection for buildings and household contents forms the foundation of the policy, customers can enhance their protection through optional benefits that address a range of practical risks. These include accidental damage to contents, protection for personal belongings and valuables, cover for personal documents, cash and credit cards, as well as personal and property liability.

The policy also provides financial support in circumstances where a home becomes temporarily uninhabitable, covering alternative accommodation or rental costs during the restoration period. Additional benefits include replacement of locks and keys, limited cover for contents temporarily removed from the home, refrigerated food spoilage, and a death benefit, creating a well-rounded protection package for families.

Operating within BankDhofar's growing bancassurance platform, the Home Insurance solution reflects the bank's strategy of integrating essential protection products alongside its banking services. Customers can access insurance solutions through the bank's extensive branch network as well as its digital banking channels, making it easier to arrange financial protection as part of their everyday banking relationship.

The product forms part of a broader insurance portfolio that also includes health, travel, motor, life and domestic worker insurance, enabling customers to meet multiple protection needs through a single financial institution.

BankDhofar acts solely as the distribution agent for the Home Insurance product, while all policies are underwritten by Dhofar Insurance Company. The insurance contract is entered into directly between Dhofar Insurance Company and the customer, ensuring policyholders benefit from the expertise of one of Oman's leading insurers alongside the convenience and accessibility of Bank Dhofar's trusted banking network.