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The quest to find the best car insurance coverage for you can be a bit lengthy and may require some thorough research but in the end, it is all worth it. Several factors plays very important role when you are choosing your car insurance and one of them includes choosing the type of insurance cover. Insurance companies in UAE offer two basic kinds of vehicle insurances – comprehensive car insurance and third-party insurance. Both these insurance types have their individual benefits but they also have several differences. As an aware customer, it is important that you have a basic understanding of both.
A comprehensive car insurance plan is meant to provide full coverage to both the insured and the third party in case of an accident. From damages incurred by the vehicles to medical bills of the third party and the insured, almost everything is covered by a comprehensive car insurance policy, hence the name. On top of accidental insurance cover, comprehensive car insurance also covers theft, complete loss of the vehicle, fire, natural disasters, vandalism, civil disturbances like riots, and some add-on services like engine cover, accessories cover, zero depreciation, etc.
Although car insurance and vehicle insurance is mandated by law in the UAE, it does not make comprehensive can insurance a compulsion, However, being the most thorough insurance available out there, comprehensive insurance is often recommended and preferred by most vehicle owners out there.
To understand the coverage umbrella of a comprehensive car insurance plan better, let us see an example. Say you have parked your car out in a street. A tornado happens to hit overnight and the raging rains happen to destroy the car in the process. Even when it is nobody’s fault that the car has been destroyed and requires extensive repairs to be of use again, the insurance company will cover the full cost of the damaged car, minus the deductible to be paid by the insured.
Another example can be an accident. You were driving and your car collided with another and damages are incurred by both the vehicles. Even if you happen to be at fault for the accident, your insurance company will cover all costs of damage repairs and medical bills for both you and the third party if they make a claim.
|Top UAE Comprehensive Car Insurance|
|Axa Comprehensive Car Insurance||New India Assurance Comprehensive Car Insuranc|
|ADNIC Comprehensive Car Insurance||RAK Comprehensive Car Insurance|
|Sukoon Comprehensive Car Insurance||Tokio Marine Comprehensive Car Insurance|
|RSA Comprehensive Car Insurance||Adamjee Comprehensive Car Insurance|
|Noor Takaful Comprehensive Car Insurance||AFNIC Comprehensive Car Insurance|
|Oriental Comprehensive Car Insurance||Al Wathba Comprehensive Car Insurance|
|Salama Comprehensive Car Insurance||Union Comprehensive Car Insurance|
Third-party car insurance will offer full coverage in the event of liability to a third party for the damages caused by your vehicle due to your fault. It is mandatory to have at least third-party car insurance in the UAE for all cars. Third-party liability insurance would cover any damages incurred by the vehicles of the third party as well as their own medical bills in case they have sustained injuries. One thing to note here is that your own car is not covered for damage under this type of insurance plan and neither are your own injuries.
Let us see an example to get a better understanding of third-party coverage. You are driving on a highway and happen to meet an accident while overtaking. Your car as well as the car you collided with have suffered damages along. You and the other driver are also injured. You being at fault, your insurance company will cover for the damages caused to the third-party vehicle and injuries caused to the third-party itself. However, the damages caused to your vehicle will not be covered and neither will your own medical bill.
Another example here can be natural disasters, theft, and fire. If your car happens to be damaged during a natural disaster or a man-made disaster like riots, terrorism attacks, etc. or gets stolen, the insurance company will not cover for the loss of your car or the damages.
|Top UAE Third Party Car Insurance|
|Axa Third Party Car Insurance||Al Wathba Third Party Car Insurance|
|ADNIC Third Party Car Insurance||Union Third Party Car Insurance|
|Sukoon Third Party Car Insurance||Qatar Third Party Car Insurance|
|RSA Third Party Car Insurance||Methaq Third Party Car Insurance|
|Noor Takaful Third Party Car Insurance||Al Sagr Third Party Car Insurance|
|Oriental Third Party Car Insurance||Watania Third Party Car Insurance|
|New India Assurance Third Party Car Insurance||Alliance Third Party Car Insurance|
|RAK Third Party Car Insurance||Aman Third Party Car Insurance|
|Tokio Marine Third Party Car Insurance||Adamjee Third Party Car Insurance|
|AFNIC Third Party Car Insurance|
Ans. A comprehensive cover will give your vehicle all-round protection against all unforeseen accidents and calamities. The add-on services can even help in claiming the original value of the vehicle at the time of total loss or theft of the car. In short, a comprehensive plan is fool-proof protection for your vehicle against all damages and liabilities that come your way.
Ans. Yes, you can easily switch to comprehensive car insurance from a third-party insurance plan upon renewal. The process is pretty much the same as buying a new policy from your provider too. Just locate the application form on the website of the provider and fill up the necessary details to start the process.
Ans. Simply because of the benefits that it offers. Comprehensive insurance covers your vehicle in event of damages caused by almost any means including accidents (insured and third party both), theft, loss, man-made disasters, etc. Since the risk is higher for the insurer in the case of comprehensive cover, it is more expensive than the third party which covers only out of all the factors that comprehensive plans cover.
Ans. Following add-ons can be considered when buying a comprehensive car insurance cover:
No Depreciation Cover: Covers the cost of depreciation and helps in getting a higher claim amount in case of total loss or damage.
Engine Protection Cover: Protects loss or damages incurred by the engine.
Roadside Assistance Cover: Comes in handy for 24x7 roadside assistance and services in case of emergency
Return to Invoice Cover: Helps in obtaining the invoice value of the car in event of total loss or damage.
No Claim Bonus Cover: keeps you eligible for no claim bonus even if you apply for a claim