Get the best Fleet Insurance Quotes!
Motor Fleet Insurance
Specially made for commercial vehicles, fleet insurance refers to a type of insurance that covers multiple commercial vehicles under a single plan. It is ideally designed for corporates that have three or more company vehicles. Whether it is the company vans (light commercial vehicles like small vans and Heavy Good Vehicles like lorries) used for transportation of goods or company cars that are driven by the employees for personal use (as allotted by the company) or for work purposes, all registered vehicles of a corporate firm are covered under fleet insurance.
Just like personal vehicles, it is mandatory for commercial vehicles to have insurance in the UAE in order to be ferried around in the country. This makes motor fleet insurance a boon for corporate firms since there are several vehicles involved in a business generally and it can be difficult to keep a track of the insurance formalities individually. This is why fleet insurance is a convenient solution for all vehicle insurance problems of big and small businesses alike.
Besides offering the same kinds of benefits that any personal motor insurance plan would, fleet car insurance has a bunch of additional benefits as well which are listed as follows:
The most common kind of insurance, a third-party liability fleet insurance covers the claims filed in the event of an accident where you are at fault. This includes any authorised driver driving the insured vehicle under motor fleet insurance. The insurance company is liable to cover for the damages caused to the third-party vehicle as well as the third party themselves. However, this insurance plan does not cover the damages caused to your own vehicle(s) because of the accident or the expenses for the treatment of injuries sustained by the driver or the passengers of your car. Being basic in nature, third-party insurance for all kinds of vehicles, fleet, personal or otherwise, is mandatory by law in the UAE.
Offering the best kind of covers for all your vehicles in the fleet, a comprehensive fleet insurance plan provides you an ultimate cover against any kind of damages that your own vehicle incurs by natural calamities (like rain, floods, storms, hail storms, etc.), mad-made disasters (like fire, riots, etc,), theft, the total loss due to accidents or other reasons, normal repair damages caused by an accident with a third-party vehicle and damages incurred during loading and unloading the vehicles. It also covers for third-party claims when you or any of your designated fleet drivers are at fault. There are a few exclusions to comprehensive plans too like nuclear attacks or wars, wilful actions of the driver or the owner, that lead to damage etc.
Just like any other kind of insurance policy, there are a few requirements that need to be met when applying for a motor fleet insurance plan. The requirements are given below:
Any registered business in the UAE is qualified to have fleet insurance given that it meets the individual requirements set by the insurance providers. All that you need is a set of valid documents to get the insurance. So, if you are an established or budding business settled in the UAE or an individual with any number of registered vehicles which are either owned, hired, or leased out to others then, fleet insurance is for you. Needless to say, the nature of your company is not of concern when you opt for fleet insurance.
|Insurance Companies||Fleet Insurance Products|
|Qatar Insurance Company - QIC||
The claim process of fleet insurance in UAE is as simple as filling a claim for any other kind of motor insurance policy. If the vehicle(s) happens to meet an accident (of any kind), be prompt and follow the given steps to make sure that your vehicle(s) is taken care of immediately:
Renewing your fleet insurance is a child’s play if you know the right steps involved and the documents that you will require. The offline way to do it is by calling the insurance broker or the company and visiting the branch to submit the documents as asked by the broker or the representative. You can also try logging in to your account on the website of your insurance company and renew the policy from there. Locate the renewal portal and enter the required details like policy number, name of the holder, etc. Verify the required documents and make payment to renew. Following are the documents that you will need:
It can be confusing and frightening when you suddenly happen to have an accident. However, pace yourself, do not panic, and following the below-given steps to take control of the situation:
No claim discounts and bonuses are generally not applicable on fleet insurance plans offered by the insurance providers. However, you can verify with the provider that you choose to be sure of it.
As a basic benefit of a fleet insurance plan (third party liability or comprehensive), breakdown cover is not included as a part of the plan. However, most comprehensive fleet insurance plans come with add-on services of including breakdown coverage as a part of your insurance plan while customising it.
Any vehicles that are not registered under the name of the company, director of the company, or insured by a separate motor insurance cover cannot be included as a part of a fleet car insurance cover.
No, fleet insurance can be opted for by individuals as well as businesses but that depends on the services of the insurance providers concerned. All you need is the required number of vehicles, and you can easily get fleet insurance for them. However, this may be subject to the fact of whether your insurance provider offers that service.
Most insurance companies allow the directors of the companies registering for fleet insurance to add personal use vehicles as a part of the fleet insurance. Run it by the provider to make sure that they offer the said service.
Personal accident covers or any other covers related to the drivers are only applicable to you when you are driving the vehicle covered under the concerned fleet policy. You will not be covered for injuries or losses by fleet car insurance if you meet an accident driving another vehicle since the insurance is for the vehicles and not the drivers.
Just like any other kind of insurance, fleet insurance plans can be issued for the period of 12 months.
A number of insurance providers offer a grace period where the policyholder can apply for a claim against their fleet insurance plans even when the policy has already expired. This extended period and practice are known as the sunset clause.
Yes, you can change the type of your fleet insurance cover at any time during the tenure period of the policy. It includes upgrading the insurance policy from third-party to comprehensive or vice versa, adding additional benefits and covers, etc.
Cancelling a fleet car insurance policy is as easy as performing any other action related to the insurance plan. You can simply contact your insurance broker to initiate the process, call the customer service department of the insurance company to get help in kick start, or visit the online website to find more.
If your insurance provider has an online portal for renewals, you can easily renew your fleet insurance online or even using a mobile application without a problem.
The claim process for any kind of fleet insurance is the same. Third-party claims where your or your driver is at fault are generally made by the insurance companies or legal representative of the third party. In a case where the third party is at fault, inform your insurance provider about the situation. The company will apply for the claim on your behalf here.
Although, most fleet car insurance companies cover all kinds of vehicles that are a part of your business some of them can be seen as an exclusion. For example, vehicles with very high market value like super jeeps, luxury cars, and vintage cars. You may have to opt for a separate fleet or individual insurance for this group of vehicles depending on the policies of your insurance provider.