Greetings, and welcome to the blog section on Insurance Hub.
Here in this blog, I will talk about various types of insurances like car insurance, home insurance, health insurance, life insurance, and various other investment schemes as well.
I aim to bring to you the knowledge and knowhow that you must acquire to make an informed decision while buying insurance.
On this website, Insurance Hub, you will be able to compare various insurance plans and policies and examine them side by side. It is the best way to buy insurance, whatever type it might be.
Car Insurance in the UAE
In this article today, I am going to talk about car insurance in UAE. You will know everything that you need to know about car insurance, specifically in UAE by the end of this article.
It does not matter if you plan to buy a new car insurance policy or you are only looking to renew an existing policy, Insurance Hub will come to your rescue by providing you the required knowledge, and the opportunity to compare policies, and will help you to save on time and money, in the process.
Along with saving time and money, Insurance Hub also wants to educate you on the various facets of insurance before you, start comparing multiple policies and buy one. My motto with this blog is to ensure that you are fully aware of why you are buying and what you are buying.
So, let’s get started.
Why buy Car Insurance in the UAE?
Every car that you see on the roads of the UAE have an insurance policy. Those who do not are facing the consequences and are being awarded fines and penalties by the authorities every now and then.
If you have a car, you must have car insurance in the UAE. It is mandatory to have your vehicle insured at all times.
Like most other countries around the world, the UAE government has also made an obligatory policy of acquiring car insurance for the car that you drive.
As your driving license, you must be carrying the car insurance policy with you every time you take your car out on the roads. There is no doubt or reconsideration on whether to take a policy or not.
With that doubt out of the way, you now know why you should buy car insurance in the UAE.
Now, let’s look into a few essential things that you must know or at least keep in mind while purchasing car insurance in the United Aram Emirates.
What are they? Let’s list them out here for your better understand, and then we will dig deep into each of them, what say?
Here are the top points that you must keep in mind when you set out to buy your car insurance policy. Keep in mind that these are not in order, as all of these are equally important.
- Buy Policy according to Your Specific Needs
- Know your Policy Type and all the Plan Details
- Must have Third-Party Car Insurance Cover
- Learn about the Additional Benefits & Add-ons that the plan has
- Ensure you know the breakup of all Policy Charges
- Do not forget to compare policies
Buy Policy according to Your Specific Needs
Apart from the government’s regulations, you must also ensure that the car insurance policy meets your requirements or needs as well. That should be the first thing to check in your policy documents.
Many times insurance buyers do not look into the plan details while buying and fall in a trap that they cannot come out of it. It is not a mistake of the policy provider, but the buyer himself is at fault, in such cases.
Different car insurance policies are made for different kinds or types of buyers. Some buyers need features like higher coverage amount, while others need lesser premium, comprehensive coverage or third-party insurance, etc.
More often than not, you will not get an all in one plan which provides everything that you need in your policy. That is why you should look through a plethora of car insurance policies, compare them carefully, and then buy the one which meets your specific needs.
Know your Policy Type and all the Plan Details
It is vital to know your policy type and all the associated plan details before purchasing the car insurance.
Check what the particular car insurance plan has in stock for you; what all does it cover, and how much will it cost you, among other things. Ensure you have noted the minute points in the plan details so that later on if you have to make a claim, you get all that you want to.
Remember, not all policies are the same. Hence, you should read the policy offer documents carefully before making a purchase.
More so, if you are transferring your car insurance policy from one provider to another. That’s because most buyers make the mistake of considering that the content of both the policies would be same and sign up for it, which later turns out to be different in relevant segments.
You must know your policy type for that matter and have a clear idea of the content of the plan documents.
Must have Third Party Car Insurance Cover
While purchasing car insurance, the amount that you pay as premium is not the only thing that you should consider. Typically, a policy where the coverage is less and not comprehensive, the premium amount will be less.
Hence, while purchasing car insurance in the UAE you must look into all these features that the policy will have, and not only the premium amount.
One such important feature is a third party car insurance cover. Investopedia describes third party insurance as:
Third-party insurance is essentially a form of liability insurance purchased by an insured (first party) from an insurer (second party) for protection against the claims of another (third party). The first party is responsible for their damages or losses, regardless of the cause of those damages.
[Insert this link while posting as reference: https://www.investopedia.com/terms/t/third-party-insurance.asp]
Ideally, the car insurance policy that you purchase must have comprehensive coverage, which includes third party insurance along with multiple other benefits.
However, if for some reason, you are not opting for comprehensive coverage on your car insurance policy, you must ensure that it has at least third party liability coverage.
It is mandatory to have third party insurance for your car in the UAE. You cannot avoid that as the law of the land demands you to have third party insurance.
Even though most of the car insurance policies will have it by default, please ensure that the car insurance policy that you have selected has a third-party car insurance cover attached to it.
Learn about the Additional Benefits & Add-ons that the plan has
Who does not like freebies? Well, additional benefits may not be absolute freebies as you are paying for the policy anyhow, but on any given day, these are good to have features of a car insurance policy.
While some insurance policies come with additional benefits by default, others have add-ons which you will have to purchase separately.
These add-ons or additional benefits include enhanced insurance coverage which you can read about in the policy documents.
Please read the documents carefully to find out if these are included in the premium that you will pay regularly, or if you will have to pay anything additional to incorporate them in your policy.
Ensure you know the breakup of all Policy Charges
While calculating the premium amount for your car insurance policy, you should ask for the detailed breakup. You should know how much you are paying for which feature in your policy and how to arrive at that final premium amount.
Every policy will have this breakup either in their documents or in the invoice that they give you after making the purchase. However, it would help if you pressed for a definite breakup of the policy charges before making payment.
It will help you to understand the various coverages and other features which are included or excluded in your final policy. You may then also alter or modify it based on your needs.
Do not forget to compare policies
Once you have taken care of all the above things, it is still not foolproof, unless you compare the various car insurance policies available in the market. Insurance Hub is here to help you do exactly that.
On our web site, you can compare the various policies and find out the best fit for your car insurance needs. You can visit Insurance Hub’s Car Insurance page (link: http://insurancehub.ae/car-insurance.php) and follow three easy steps to save money on your car insurance online.
- Compare Insurance Quotes in UAE
- Buy Vehicle Insurance Online
- Get Your Policy Shortly After
Also, check the additional cover options before you decide on which car insurance policy to buy.
Once you are sure, fill up the request form (link: http://insurancehub.ae/car-insurance-form.php) to apply for car insurance. You will get the best quote for your car insurance in UAE, in rapid time.
Final Words
That is all that I have in this post. I am sure that I could explain the process clearly to you, and it would help the buyer who is genuinely looking to buy a new or renew his car insurance in UAE.
Still, if there is something that you did not understand or if you have any questions regarding this topic, please feel free to comment below, and I will assist you regarding that as well.
Thanks again for reading this blog post. I will see you in the next one, where I will talk about some other topic related to Insurance Hub, the best portal to purchase insurance online in UAE.
Other Insurance Plans:
https://insurancehub.ae/car-insurance
https://insurancehub.ae/health-insurance
https://insurancehub.ae/home-insurance
https://insurancehub.ae/life-insurance
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