7 things to know about car insurance in Dubai

1. The 7 Things You Need to Know About Car Insurance in Dubai

2. Car Insurance Dubai Car insurance is a must criterion for all car owners in Dubai. You cannot drive your car on Dubai roads without valid car insurance no matter whether it is a used car or a brand new one. Vehicle owners need to buy their car insurance before the registration. They can get their car insured from insurance companies, banks and brokers.

3. 1.Comparison Is The Fundamental You can find many online insurance comparison tools available to compare the insurance policies that are in the market. You should be looking at choosing the best plan that fulfills all your requirements and comes in your budget. One of the principles highlights to look at is Incurred Claim Ratio of the shortlisted protection plans. Moderate incurred claim ratio implies high chances of your claim settlement. Basically there are 2 types of car insurance plans • Third party liability This cover is solely concentrating for settling the damages of third party car and injury of the passengers inside that. • Comprehensive plan This plan offers wider coverage. As a result this is costlier than the third party liability car insurance plan. This one is costlier not only because it covers car against the accident, fire, malicious acts and theft but also provides coverage for personal accidents if passengers and driver need medical care. Basically it provides coverage for you and third party in case an accident happens.

4. 2.Documents Required In order to start the insurance buying process, you have to submit the following documents to the insurer. 1. A copy of passport main page 2. A copy of visa main page 3. A copy of driving license 4. A copy of the registration card of the vehicle (If vehicle is new, need to submit Proforma invoice)

5. 3.Know How The Insurance Premium Is Calculated

6. 4.Claim For The Insurance Bonus If you are already having car insurance and you want to switch to another insurance company then, you must get a “No claims” certificate from your old insurance company. When you present this certificate to the new insurance company, the certificate will provide you a benefit that you will be eligible to get a discount on the amount of annual premium when you will present this certificate to new insurance company.

7. 5.Check That Your Insurance Covers Off-road Travel On road accidents are normally covered by all insurance companies. But when it comes to off road travel, some insurer does stay backward. There will be many who love them. So always ensure that your insurance plan provide coverage for off road travel as well.

8. 6.Ensure Your Insurance Includes Emergency Services Facing an emergency such as a flat tire or running out of fuel. In such cases you can contact insurer for roadside help if you have opted for emergency services cover. There are some insurance companies who do not provide roadside cover for 24 hours. It is important that you check that your insurer offers 24*7 emergency services before signing up.

9. 7.Ensure That Premium Includes Compulsory Excess The premium amount that you pay to the insurance company includes the total value of the vehicle and minimum compulsory excess. The excess amount is charged on the basis of value and model of the vehicle. It makes sure that you don’t pay a higher insurance premium.

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