According to the laws laid down by Road and Transport Authority of UAE, it’s a must to have motor insurance for your car. Getting the best car insurance that matches your needs can be difficult if you have minimal knowledge on motor insurance.
What exactly are you looking for?
There are several motor insurance companies in UAE which provide both comprehensive and third party liability motor insurance. However, the service and insurance package does differ from the reputed providers and others. An ideal motor insurance should include GCC cover (if you are a frequent traveler), car hire and roadside assistance.
How is your motor insurance calculated?
The rate offered to you is derived using a unique method. The key to this techniques usually includes details for your car such as new/used vehicle, value of the vehicle, manufactured year, age for the driver, engine size and also drivers driving history. Reputed companies do offer reward in a form of reducing the rates on premium when no claim discount is presented to the insurer. This can only be possible by getting a letter from your previous insurer stating no claims were made previously.
What can be included in your policy?
Here we have compiled a list of benefits which are usually included in the motor insurance policy.
|Benefits||How does it help?|
|Loss of damage||This is the cover to insure your car and your car alone.|
|Third-party Bodily injury||This is to cover the public in case you harm somebody.|
|Third-party Property Damage||This is to cover the public in case you damage other cars or property.|
|Ambulance services||This cover is to pay for any ambulance service required immediately post a car accident.|
|Cash Benefit||This will cover limited daily cash amount whilst your car is being repaired.|
|Off-road coverage||This cover only extends to comprehensive policy you purchased while driving off-road. Only applicable for 4×4 vehicles.|
|Personal Accident benefit||This cover pays a lump sum amount in case the driver or passengers are harmed as a result of a car accident.|
|Medical expenses||This cover will pay for any emergency treatments required immediately post a car accident. Such as stitches or a cast for a broken bone etc.|
|Claims Single Point of Service||If you have a claim the company will assign you an individual (i.e. single point of contact) to take care of all your concerns.|
|GCC cover||The UAE cover will be extended to other GCC countries.|
|Natural disasters||This will cover the car in case it is damaged by any natural disaster such as flood, hail, earthquake etc.|
|Vandalism||This will cover the car in case it is damaged during any uprising like riots or civil commotions (i.e. if during a riot the protesters throw bricks and damages the car)|
|Personal Belongings||This will cover any items (i.e. phone, laptop, camera etc.) left inside the car that are lost or damaged as result of fire, theft or accident.|
|Windscreen damage||This will cover all the glass (windscreen, windows, glass roof) without any payment of excess and they company won’t count it as a claim.|
|Lock replacement||This will cover the keys and locks of the car in case the locks are damaged during an attempted break in or the keys are lost/stolen.|
|Valet parking theft||If the car is damaged or stolen whilst in the custody of a valet then the insurance company will compensate|
|Agency repair||If this cover is taken the insured’s car will be taken to the authorized dealer/distributor for repairs and not a garage from the insurance company’s network.|
|Car replacement||This cover will waive the depreciation for up to 6 or 12 months if the car is declared a total loss.|
|Roadside assistance||This cover will provide assistance to the insured in case of flat tire, empty tank, towing, battery boost etc.|
|Track day||This will cover the car if driven on a race track.|
|No claim discount||This is not a cover, it just explains that every year you drive with no claim, you get a discount on your premium.|
|No claim discount protection||This cover allows you to maintain some of the discount you gained through the ‘No-claim discount’ even post a claim/accident. This is subject to the accident not exceeding a certain amount.|
|RTA inspection service||The company will pick up your car and get it registered with the ministry of transportation.|
|Driving other vehicle||It is a Third Party Liability cover for you when driving other cars.|
|Loading and unloading||This will cover Third Pary individuals or property in case of any accident that occurs whilst loading or unloading the vehicle (for example: taking out a mirror from the car and breaks and injures the delivery man).|
|Car hire||This cover will provide you a car whilst your car is being repaired.|