7 things to know about car insurance in Dubai

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

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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.

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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)

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3.Know How The Insurance Premium Is Calculated
Factors Insurance Premium Amount
New car with high safety features Low
The car price is on higher end High
Age of the driver is under 30 years High
Driver with less driving experience High
GCC Coverage High
Breakdown Coverage High
Off-road coverage High
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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.

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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.

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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 247 emergency services before signing up.

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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 dont pay a higher
  insurance premium.

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THANK YOU