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Comprehensive and third party liability insurance policy are the two types of policies in UAE. Oman Insurance Company in UAE is ruling the motor insurance field for more than 25 years. To know more about policies and premiums please visit https://www.tameen.ae/for-individuals/car-insurance/car-insurance
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Comprehensive Vs Third Party Liability Insurance Policy in Dubai
Number of road accidents showcase the importance and requirement of car insurance policy. • Finding the most apt car insurance policy for your car is the challenging decision that one has to take. • One must be quite sure about what all he requires.In Dubai, there are two types of insurance - namely comprehensive insurance policy and third party liability insurance.
Third Party Liability Insurance Policy • Third party liability covers you against death or bodily injury to any third party/person resulting in temporary or partial disability and damages to third party property arising out of use, explosion, combustion, scattering, drop of things from, movement, spontaneous movement or parking of your motor vehicle. • More importantly, this policy does not cover any damage or loss to your own vehicle. • Third party liability insurance policy is the minimum mandatory cover in Dubai, and it\ doesn’t provide coverage to your vehicle if it is damaged or stolen.
Third Party Liability Insurance Policy • This policy doesn’t include cover for damages to your own vehicle, no replacement car option available, and Injuries caused during an accident of the owner. If the car has been purchased on a loan most of the UAE banks won’t encourage buying a third party liability insurance policy.
Comprehensive Insurance Policy • A comprehensive car insurance policy is a total package for your car to withstand any damages caused due to theft, accident, fire. • This also provides third-party insurance cover damages caused by your vehicle to another party. • You should check with your insurer at the time of applying whether if injury and passenger cover forms are part of your policy. • Comprehensive insurance policy is the most selling covers in Dubai because of its wide advantages.
Comprehensive Insurance Policy Below are instances which are usually covered by a comprehensive car insurance policy in Dubai. • Vandalism • Glass Damages (Windshield) • Damages sustained by hitting an animal • Fire • Floodwaters • Natural disasters • Damage to third-party vehicle
Comprehensive Insurance Policy • Damage to your own vehicle • What does the policy exclude? • Depreciation of your vehicle • General wear and tear of the car • Mechanical or electrical failure • Damage to tires • Damages caused under the influence of alcohol