Buying own car is the dream for all, and when you achieve this dream, the happiness is unexplainable. In this fast and modern life, taking care of your valuables is difficult but essential. As you protect your health and life by securing it with an Insurance policy, securing your vehicle is also required. You spend a significant amount to get your dream car, and spending a little more to get car insurance helps you in times of trouble.
Factors to Consider before Buying a Car Insurance Policy in UAE
Having your personal car in a country like UAE is not a luxury anymore. It is more of a necessity due to the troubles in daily traveling life, as if you don’t own one, then most of your time is consumed in traveling from work to home and so on. But you have to consider certain important factors before you get on a ride in your own car. Besides choosing a budget-friendly car, it is also essential to get your car insured. It is a legal requirement in Dubai that before you register your car; you have to get car insurance with a trustworthy insurance company.
1. Know your Requirement:
- Comprehensive Car Insurance: It is a type of car insurance that provides protection to the car and the insurance policy holder during accidents, fire, damages, theft as well as other damages. Comprehensive car insurance is generally expensive as it provides a wide protection to both the vehicle and the person driving.
- Third-party liability (TPL) insurance: Unlike comprehensive insurance, a third-party liability car insurance policy only provides insurance protection to the other car and passengers in a situation of the accidents. Therefore, the cost of the premium is low but to repair your own damaged car, you will have to shell out money from your own pockets. Most of the banks in UAE will not permit you to purchase such a policy if you have purchased a car on loan. They will ask the owner of the car to buy comprehensive car insurance.
2. Collect Documents:
If you want the insurance policy procedure to be seamless and speedy, it is required on your part to submit clear and authentic documents to avail the best car insurance in UAE. The required documents are a photocopy of your original driving license, photocopy of passport (first page as well as visa page), photocopy of car registration, in case of a newly bought car you are required to submit a photocopy of the invoice also.
3. Premium Calculation:
Insurance companies calculate car insurance premium rates on a number of factors. They consider the year in which the car was made, the model design of the car, the claim history (if there any), the size and type of engine used in the car, and most importantly the risk factor associated with the driver of the car, that is the locality he/she frequently drives in, his/her sight and vision, his/her driving skills, etc.
4. Car Insurance Bonus:
In case you already hold car insurance policy with some insurance provider, and you wish to port to another insurance company, you can avail some discounts by the new insurer as well. All you need to do is get in touch with your previous insurer and request them to provide you with a “No Claims” Certificate. This certificate is provided if you have never applied for an insurance You can submit this certificate to the new insurance company in order to avail certain privileges in case of annual premium rates.
5. Off-Road Travel Insurance:
UAE is considered to be the home of adventures and fun. There is a number of adventurous and risky activities and events that you might want to take part in. If you are a person who likes such tasks and often participates in them, it is essential that your car and you are covered with the unforeseen risks that come along. Usually, insurance companies in UAE offer coverage for only on road accidents and damages. If normal car insurance does not cover you for such adventurous rides, you can always opt for additional coverage from your insurer; it costs you a little more but protects you from all the hassles.
6. Emergency Assistance:
Whether you are out of fuel or car tires suddenly got punctured or the car engine heated up and you’re stranded near a lone roadway, you can directly contact your insurance company for help. Your car insurance policy card will definitely contain a toll-free helpline number that you can use in case you need help. But there are some insurance companies who do not offer an all-day (24/7) roadside emergency help. Therefore, it is essential to read the terms and conditions of the policy before signing up.
Wrapping it Up!
Remember buying an insurance policy for your car is as important as owning a car itself and in UAE it is a legal requirement. So to avoid any problems, search and compare car insurance policies online and buy the best one.