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The company has an excellent track record of operating in the UAE along with a strong presence in the kingdom of Saudi Arabia as well. The original capital investment of the company was AED 10 million dollars which have now reached AED 230 million dollars. With its reliability and stronghold in the UAE insurance market. Al Sagr is one of the best car insurance providers all across the Emirates.
The remarkable transition of UAE and particularly Dubai from a deserted land to a modern-day business hub led to an exponential rise in the number of cars plying the streets of UAE. With an increased number of cars, there was a sudden rise in the number of accidents which caused loss of life and money. Keeping the various important factors in consideration the government came up with law along with some important guidelines. Based on the mandatory guidelines and federal law no. (21) of 1995 it is compulsory for every car owner to have valid third-party liability car insurance.
Car insurance is crucial to counter the strokes of uncertainties and therefore have become an inevitable part of our day to day life. With the ever-rising number of vehicles and incidents of rash driving, there is a very high probability of collisions and accidents. Purchasing the right car insurance plan in UAE will not only help you to stay on the safer side of the law but will also safeguard from monetary losses. These plans offer peace of mind and reduce the mental stress of the buyer by assuring a blanket of protection.
Al Sagr offers mainly two types of car insurance plans in the UAE-
Both types of plans have their individual set of pros and cons, however, it is important to have a clear understanding of what these plans actually are and what do they offer.
Third-Party Liability Insurance is car insurance plans that provide coverage against legal liabilities arising out of damages caused to third-party vehicles or bodily injuries due to a collision with the third party. Al Sagr car insurance (TPL) mainly covers bodily injuries and damages to the vehicle due to an accident. Based on the Federal Law it is mandatory for every car owner to have valid car insurance in the uae.
Contrary to the third-party liability damages the comprehensive Al Sagr car insurance plan offers complete protection against all sorts of damages and losses arising out of accidents. These plans not only cover losses due to accidents but also provides cover for natural and man-made calamities such as theft, burglary, flood, typhoon, etc. Insurance seekers can boost their basic cover by opting for additional riders like medical expense rider, accidental coverage, accessories rider, etc.
In this section, we will shed light on the various features and benefits of Al Sagr car insurance plans in the UAE-
In a Nutshell
Car insurance plans are extremely important not just to stay on the safer side legally but to protect your life and vehicle. It’s always better to be aware and take precautions in the beginning than being sorry later. Considering the extent of traffic and vehicles a drive from home to work might appear pretty normal but there are a lot of risks that might end up in an unfortunate event. If you are looking for peace of mind and the right financial coverage for your beloved car, go for Al Sagr car insurance plans.