Rent a Luxury Car in Dubai - Owning a luxury car is fun, but it also comes at a cost. Starting from the initial purchase to its maintenance and insurance, you need to have a deep pocket to manage it.
Third-party car insurance is the need of the hour, given that there is a striking increase in road accidents. With third-party car insurance, you are financially covered against all the damages you caused to the third partyβs car or property. It is a basic and mandatory auto insurance that you need to possess to incorporate a sense of responsibility while driving. The insurance helps you protect your savings and drive around with a peace of mind.read more
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Why do you think you might need third-party car insurance in the UAE? The major reason behind this is a whopping rise in road accidents, in spite of strict traffic rules in place. The mishaps can be attributed to perilous driving practices that are relatively common, especially on highways. But what do you do when a third party asks you to pay for the damage repairs after a harrowing accident? In such cases, third party car insurance is your only way to mitigate this financial burden
Third-party car insurance works a little differently from regular car insurance in Dubai. So, basically, it is to cover for damages done to a third party. Let us move ahead and learn more about how third-party car insurance works.
Third party car insurance covers all the damages, accidentally caused to a third-party vehicle by you. However, third-party liability insurance does not cover any damages incurred by your vehicle. Third-party car insurance in the UAE is basic and obligatory auto insurance, mandated by the law. Third-party car insurance, also known as third-party liability insurance (TPL), is generally economical in comparison to a comprehensive car insurance policy
The most significant benefits of buying third party car insurance for your vehicle are listed below:
Here is the list of inclusions for third-party car insurance in the UAE.
Here is the list of exclusions for third-party insurance in the UAE.
Generally, car insurance providers do not have a lot of options for add-ons for third party car insurance plans. However, depending on the car insurance provider that you have, you may have the option to add the following add-ons with the basic third-party liability cover:
Following is a list of all top third-party insurance companies in UAE and the highlights of their offered plan:
Third-Party Car Insurance Companies |
Key Highlights |
AXA Third-Party Insurance |
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New India Third-Party Car Insurance |
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Oriental Insurance Third-Party Car Insurance |
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Qatar Third-Party Insurance Qatar |
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Tokio Marine Third-Party Motor Insurance |
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Fidelity United Third-Party Insurance |
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Watania Third-Party Insurance |
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RSA Third-Party Insurance |
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DNIRC Takaful Third-Party Insurance |
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ADNIC Insurance Third-Party Insurance |
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Following is the eligibility criteria for buying third-party car insurance in UAE:
Third-party insurance in Dubai comes in handy in the hour of need. It is mandated by law, so you don’t have a choice there, however, you can do great by choosing the right third-party insurance.
Here is an easy way to help you find the best third-party car insurance in UAE:
Third-party insurance premium in the UAE is regulated by the UAE Insurance Authority. However, it has been noticed that car insurance premium in the country has drastically been increased over the period.
As comprehensive insurance comes with a higher cost, most of the people in the UAE prefer third-party liability insurance because it is quite affordable & cheaper than any other policy.
Following are the documents that you will need to present when buying a third-party car insurance plan:
Note: confirm with your insurance provider if any additional documents are required as well.
Renewing a car insurance policy on time is important for every policy holder to keep on enjoying the benefits of the plan uninterruptedly. You can renew the policy online or offline. To renew it online:
If you wish to renew the policy offline, you can visit the branch of the insurer, pay the premium and get it renewed.
Category |
Comprehensive Car Insurance |
Third-Party Car Insurance |
---|---|---|
Coverage |
Cover for your own damages and third-party damages as well, based on your car insurance policy terms |
Covers you only against third-party damages and losses |
Advantages |
Protects your pocket from the cost of both damages to your own car and third-party damages as well |
Protects your pocket from traffic fines if you accidentally hurt someone on the road |
Premium |
Comprehensive car insurance is quite expensive when compared to a third-party car insurance plan |
Third-party insurance price is comparatively lower as it doesn't cover any damages to your own vehicle |
Customization |
Can be customized by adding some specific add-ons based on your needs |
No customizations can be done in this type of insurance plan |
Online comparison is one of the most reliable ways to make sure that you end with a right insurance plan in your hands. A comparison enables you to find a policy that perfectly suits your insurance needs.
Here is the list of things you must compare to while choosing a third-party car insurance plan for yourself.
You can visit Policybazzar.ae, to compare third party car insurance plans. Here, you’ll find all the details like - car make and model, manufacturing year, cubic capacity, personal information, etc. The website compares the plans based on your needs and comes up with the best available options.
Two possible scenarios can present themselves when an accident has happened. First – where you are at fault and the second – where the other driver is at fault. Following is the list of steps you should follow as per the scenario.
Case 1 – When you are at fault
Case 2 – When the other party is at fault
Ans. Since it is the most basic form of car insurance covers, it is mandatory to buy at least a third-party car insurance cover in the UAE. Although, if you already have bought comprehensive car insurance for your car, it will not be necessary to buy an additional third-party cover.
Ans. Most third-party plans have a tenure of 1 year and are required to be renewed once every year, for as long as you want to continue.
Ans. Third-party and every other kind of car insurance cover are transferable to another person in case you are selling the car. Third-party car insurance can only be transferred to another person if it is accompanied by a transfer of car ownership.
Ans. No claim bonus discounts are generally not applicable on third party car insurance plans, whether you make a claim or not. Although, some providers may run special offers for it.
Ans. The only add-ons available with third party car insurance covers are personal accident covers for drivers and passengers. You can-not buy a no depreciation cover with third party car insurance.
Ans. Yes, you can easily upgrade your third-party car insurance plan to a comprehensive plan during the tenure of your plan.
Ans. A car insurance policy can only be upgraded or changed at the time of the renewal of the plan. You simply need to choose a new and the add-ons that you want to buy and renew the car insurance policy with them instead of your old plan to upgrade.
Ans. Not all providers offer add-on facility with third party car insurance plans. But most top third-party car insurance companies in UAE offer the personal accident cover add-ons.
Ans. No, the premium amount due must always be paid in full. Always confirm the terms and conditions of your car insurance plan with the insurance company to be clear about your payments and dates to avoid problems.
Ans. Yes, you can cancel the policy at any time you like. Depending on the individual terms of your insurance provider, you may get a refund on the premium amount on a pro-rata basis as well.