That’s Dream come True for most people when they Buy their first Car.
It feels really awesome and It’s really hard to express the feeling of driving the car which you always wanted to have.
But before you pull out the gear and go for a long drive in your new car please make sure you have Car Insurance handy with you.
According to the Government of UAE, it’s mandatory for every driver to have his/her license and proper Car Insurance for your car.
But there are Plenty of Car Insurances in the Market and you’re not sure what kind of Car Insurance you should get.
So here we have Put together a list of Different Types of Car Insurance and why do you need them.
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1. Third Party Liability Insurance
Now you definitely can’t predict what type of damage is gonna occur while you meet with an accident.
These are random events that you definitely want to avoid but you can’t judge what’s gonna happen.
So Third Party Liability Insurance protects you from any financial problem you as an insurer could face from any other claims of Damage during the other party in an occurrence of an accident.
So with this, you are safe from any sort of damage expenses which you could have bear due to the claim of the other Party who has faced damage for their vehicle due to you in an accident.
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2. Third Party Liability Insurance with Theft and Fire Coverage
This will include everything in the basic Third Party Liability Insurance but will cost more as it will add on protection for your vehicle in the event of theft or fire damages to your car.
3. Basic Comprehensive Policy
This is the basic Comprehensive Policy protection plan for your vehicle and will also cover you against all the damage claims from the third party and injury, as well as your own.
This policy covers almost every from the damage which you have incurred due to an unavoidable and sudden accident which has caused damage to your vehicle or you and also the damages or loss of third party’s vehicle include accidental collisions, natural damages, theft, fire, external explosions, self-igniting, and should a third party individual or group commit intended malicious activities to your car (e.g, vandalism).
Insurance companies in Dubai offering a Basic Comprehensive Policy are legally obliged to provide this type of car insurance at a price that is 3%-5% of your vehicle’s value.
4. Comprehensive Policy
This policy is relatively more expensive than all other kinds of Car Insurance discussed above but this is also the best protection one could have.
Being expensive gives a lot of Protective edge to the Insurer as the Insurance company provides 360-degree protection to the Insurer from any possible financial damage which an Insurer could bear.
So These were the above-mentioned different Types of Car Insurance you need to know about before making a decision to Buy any Kind of Car Insurance in UAE.
If you’re Confused or you want some guided help for choosing the Best Car Insurance for yourself then you can easily contact us( Insurancehub.ae) and we would be always there to help you out, like thousands of Customers who have been part of Insurancehub.ae.
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