Well, there are two types of auto insurance policies offered by the car insurance companies in Dubai and they are as follows:
Remember, owners of luxurious cars require unique extensions to their car insurance policy since the basic motor insurance that the law requires is not only sufficient. It is because luxurious cars require high value maintenance which might increase your financial burden. That is why it is smart idea choose the best car insurance in Dubai for your high-value car that can provide at least wider coverage. It is highly advised that you opt for a comprehensive car insurance policy since it offers coverage against damages to both parties indulged in an accident. It covers theft, damages to the car, personal accident cover, and legal liability to third-party. In addition to this, you can also opt for car insurance add-on covers by paying an extra premium to avail of extensive protection.
So, if you also own a car (like Bugatti, Mercedes, Ferrari, Audi, etc.) or if you planning to buy one, make sure you opt for these add-ons along with the comprehensive motor insurance policy. The ones that are highly recommended are:
For luxurious cars, car insurance companies in Dubai, UAE can waive off the depreciation of the vehicle between 6 months to 24 months and can even subject to replacement if the vehicle is beyond repair. However, this benefit completely depends on the insurer as not every car insurance company gives this privilege.
Some of the best car insurance companies in Dubai offer complete protection against any natural calamity. This includes earthquakes, hurricanes, typhoons, rains, etc. Any kind of damage caused to your high-value car due to all these natural calamities could burn a hole in your pocket if it is not covered under the auto insurance policy. That is why it is quite beneficial to opt for the same to protect your car in an unforeseen event.
This type of add-ons significantly affects the car insurance premium. Agency repairs are carried out in the original vehicle’s manufacturer shop and make the use of only original spare parts. While non-agency repairs don’t use the genuine spare parts which eventually reduces the market value of the vehicle. Some of the best car insurance in dubai offers car owners a maximum of 3 years of agency repair after that it becomes an optional add-on cover.
It is one of the most important add-on covers that safeguard the vehicle against unforeseen explosions, theft, and malicious damage. You should opt for this add-on cover to ensure that your vehicle is protected against the same otherwise ignorance might cost you a fortune.
The Final Words
Since you are spending your hard-earned money to buy a luxury car, does not it sound like a smart idea to pay a little much extra & safeguard your huge investment in an unforeseen event? There are various car insurance add-on covers that you can opt for along with the comprehensive cover. The best thing is that you can do is do thorough research to find the best car insurance in dubai for your high-end car.