According to a report, more than 3000 accidents per year have been reported in the United Arab Emirates, which is quite terrible. Due to this accident rate, the UAE’s RTA laws have become stricter 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, you should take a look at the scenarios where 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 car 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 damages that occur to the other vehicle or property due to your negligence. Please note that you do not pay for your loss. No medical expenses, no repairs, nothing more.
In the event that an insured vehicle causes damage to the third person, the driver may contact their insurance provider to compensate the injury or repair costs of the other party.
So why do people choose this policy over the other? The answer lies in its profitability.
Also those who rely on 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 expenses 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 an All Risk Car Insurance?
In a nutshell, All Risk car insurance covers third-party car insurance plus medical and repair expenses that occur to your belongings as a result of an accident.
Sound more beneficial? Yes it is!
As 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.
It covers a wide spectrum of expenses, from medical to windshield 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 the event of a fire or theft, this is a go-to policy.
Set in mind:
- Comprehensive insurance is a must in case of car loan. The bank requires that you 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.
- Comprehensive insurance in Dubai does not cover damage caused by alcohol consumption.
- Make sure you fully understand the clauses, terms and conditions of the policy you intend to purchase.
- Be sure to compare vehicle 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, do not hesitate to contact Insurance TopUp or simply call or WhatsApp +971565543022
We are here whenever you need us!
