Like any country, getting a car insurance in the UAE is mandatory under the UAE’s Road Transport Authority (RTA) Law. I mean let’s face it. No matter what we think, at the end of the day, car insurance in UAE or any other insurance is there for our betterment. Therefore, stop sulking and apply for an insurance policy straight away. But before doing that, you need to consider the different types of car insurance policies available in the UAE.
There are two types of car insurance policies available in the UAE. Both are discussed below.
Comprehensive Insurance
As the word ‘comprehensive’ indicates, this policy covers nearly all sorts of damage to your car. It covers the damage to the car by yourself or a third party. Likewise, it includes protection against theft, vandalism, and fire too. Due to its comprehensive nature, the premium or rates for a comprehensive insurance policy are the highest when compared with other policies.
Third Party Insurance
In this policy, only damage to the third party is covered. Therefore, if you get in accident through your own fault, the insurance provider will pay for the repair of the third party’s car. On the other hand, it will not be paying for the damage to your car. Furthermore, if the accident is due to the third party’s fault, you will need to get in touch with the third party’s insurance provider to see if they cover your damages.
The premium on third party insurance is lesser than the premium on a comprehensive insurance policy.
Other Addons
There are other addons which you might need to consider depending on your requirements. For example, some people are frequent travelers. They use their vehicles for long distance travels. This increases the probability of your vehicle breaking down. Therefore, some insurance providers offer roadside assistance. In it, the insurance provider provides you with a mechanic or towing service if your car breaks down due to any reason.
Likewise, agency repair is another vital addon. In it, the car is repaired from an official dealership of your car. It ensures that all parts are genuine, and the repair work is done by professionals. GCC coverage is increasing in popularity. If you frequently travel to GCC countries, you should opt for a GCC coverage.
In addition to these, insurance companies also give the option of car rental. Under this policy, the insurance provider pays for a car rental while your car undergoes repair. Some companies provide an alternate vehicle while your car is being repaired or is in the workshop for any other reason.
Lastly, Personal Belongings, Personal and Passenger Accident Cover is another great addon. If your personal belongings like mobile phone or laptop get damaged in an accident, they are covered under this policy. Also, it covers death or injuries to yourself or other passengers in your car.
Final Thoughts
This concludes our article today. At the end of the day, it is your choice to decide which insurance company is the best for you. You need to understand your requirements and make a decision accordingly. Also, conduct thorough research on the insurance providers to get the best possible policy.
