According to a report, more than 3000 accidents per year have been reported in the United Arab Emirates, which is pretty terrible. Due to this accident rate, the UAE’s RTA laws have become more stringent to provide more safety for motorists.
Today, car insurance has become mandatory in the United Arab Emirates. So if you don’t want to lose a lot of Dirhams, it would be wise to spend a small amount right now in the form of your car insurance policy.
Before proceeding further, you should take a look at the scenarios in which you are eligible to claim your car insurance in the UAE
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Here we have broken down the categories of vehicle insurance in the UAE. We assure you that through this car insurance comparison you will be able to choose the most appropriate policy.
Have a look!
What is Third Party Liability Insurance (TPL)?
Starting from the most basic vehicle insurance policy, third party auto insurance in Dubai is the cheapest policy you can opt for. It offers very limited services in the event of an accident, which is why it is cheaper than the other.
Under the coverage of this policy, your insurance company only pays for damage that occurs to the other vehicle or property due to your negligence. Please note that you do not pay for your loss. No medical bills, no repairs, nothing else.
In the event that an insured vehicle causes damage to the third person, the driver may contact his insurance provider to compensate the other party for the injury or repair costs.
So why do people choose this policy over the other? The answer is in its profitability.
Also those who are confident in their excellent diving skills mostly opt for this type of policy.
Precisely quoting, if you are buying this policy from a car insurance company in the United Arab Emirates, you have to pay the repair costs out of your own pocket.
If you want to enjoy some additional add-ons like fire or theft coverage, you need to pay an additional amount.
What is a Comprehensive Car Insurance?
In a nutshell, All-Risk car insurance covers third-party car insurance plus medical and repair expenses that occur in your belongings as a result of an accident.
Sounds more beneficial? Yes it is!
Because it provides extensive coverage, this policy is an expensive but highly recommended option. It is better to invest a few extra dirhams now rather than regret a bigger financial loss later.
Covering a wide spectrum of expenses, from medical to windscreen repairs and replacement, all finances are covered by comprehensive car insurance in Dubai. This policy is in favor of the driver, whether the driver is at fault or in case of fire or theft, this is a reference policy.
Set in mind:
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Comprehensive insurance is a must in case of car loan. The bank requires you to buy it for at least the term of the loan so that your car is protected. You can take advantage of various other benefits depending on the bank’s policies.
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Comprehensive insurance in Dubai does not cover damage caused by alcohol consumption.
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Make sure you fully understand the clauses, terms and conditions of the policy you intend to purchase.
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Be sure to compare car insurance in the United Arab Emirates.
In the end, it all depends on you how much you are willing to pay for the policy of your choice. To take guidelines regarding insurance policies feel free to contact Insurance TopUp or just call or WhatsApp +971565543022
We are here whenever you need us!