Before we discuss the third-party insurance, it is important to understand the situations under which, car insurance is mandatory in the UAE. It is necessary to have a car insurance policy before getting your car down the road, but there are various reasons why is it mandatory. One of the key reasons for making the car insurance mandatory is the growing road accidents in the UAE. Even though the traffic rules are strict in the country, perilous driving practices are relatively common, especially on the highways.
This causes a whopping 600 road accidents every year in the UAE. In the beginning, the number doesn’t look alarming; however, while comparing it with the size of the country and population, you get an alarming ratio to take care of. For every 100,000, 24 individuals get killed because of road accidents. The fact that road accidents are the second main cause of death in the country is also disturbing. Therefore, car insurance is important to ensure peace of mind behind the wheels.
Third-party insurance is the most fundamental and obligatory type of car insurance as per the UAE RTA law. The third-party car insurance, also known as third-party liability insurance (TPL), is generally economical as compared to the comprehensive car insurance policy and covers all the damages caused to the third party by your vehicle. However, third-party liability insurance does not cover any damages to the insured vehicle.
Third-party car insurance Dubai is mandated by the law in order to register your vehicle.
The significant benefits of buying third party car insurance for your vehicle are given below:
Third-party insurance does not include the following:
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.
Auto insurance comes handy in the hour of need. Apart from the coverage part, it is mandatory by the UAE RTA law. Hence, when you can’t do anything much in this part, you can do better when it comes to choosing the right third party insurance. Here’s how:
To enjoy the policy benefits uninterruptedly, renewing car insurance policy on time is essential. 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 by cheque or cash and get it renewed.
Online comparison is the only way to ensure the right insurance policy for your prized possession. Comparison of car insurance enables you to find the policy that perfectly suits your insurance needs. There are various comparison platforms that compare the insurance plans for you on the basis of their offerings, premium, claim settlement ratio and finally suggest the best option for you.
In order to compare third-party liability car insurance, you can approach any of the online aggregator websites like Policybazzar.ae, that provide the required details such as car make and model, manufacturing year, cubic capacity, personal information etc. The website will compare the plans and suggest the best option based on your requirement.
Wrapping it Up!
As it is mandatory to have car insurance in the UAE, you just can’t afford to miss out on the necessary details. Third-party insurance being one of the essential insurance coverage, a little more information in this regard will help you in the long run!
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