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Times have changed in the state of Dubai in the last few decades and with that has evolved the acquisition of a vehicle from being a luxury to becoming a necessity. There are some things you should be familiar with if you drive a car in Dubai.
It is mandatory to buy car insurance before the registration of the car. In the UAE, many agencies offer car insurance. You need to have the essential knowledge about the various types of car insurance policies and the service providers to make an informed decision. Many online tools help compare policies. A comparison of insurance plans is necessary to land the best insurance policy according to your requirement and budget. One main feature to be compared is Incurred Claim Ratio. It speaks volumes about the monetary fitness of the insurance firm. Moderate Incurred Claim Ratio suggests high odds of your claim settlement. Comparing car insurance plans online is easy and just requires a Google search which then displays multiple results. Types of car insurance plans:
person will be covered by the agency. It also covers any damage to your vehicle caused by theft, vandalism or fire. This policy covers damages for all parties involved in the accident, hence the premium is high.
Documents Required to begin the process Documents to be submitted to the insurance provider as proof of your driving experience and identity. Passport main page copy Visa copy Driving license copy Vehicle Registration card copy (a copy of the Pro-forma statement if vehicle is new) How to Calculate the Insurance Premium? This premium is calculated after taking various factors like model of car, years, engine size, driver's risk profile and claim history into consideration. The table below sums up how these factors affect the insurance premium. If the driver is less experienced, then he must pay a premium that is higher than that of an experienced driver. Remember to Claim the Insurance Bonus If you as of now have a vehicle protection plan for your vehicle but you need to change to another insurance agency at that point, you should get a 'No claims' certificate from your old insurance agency if you have an insider witch to another insurance. This declaration will allow you to be qualified to get a rebate on the measure of yearly premium when you will exhibit this testament to the new insurance agency. Coverage of off-road Travels If you are an adrenaline junky than likes off-road travel, then be sure to opt for a policy that covers off-road travel. Ensure that your Insurance Covers Agency Repair Many insurance companies only provide coverage for garage repair. It is important to check that your opted insurance plan covers agency repair. This allows your car to be repaired at the manufacturer’s garage. Ensure your Insurance includes Emergency Services While driving on Dubai roads, you never know when you confront a crisis such as a flat tire or running out of fuel. In such a case, you can contact the insurance provider for roadside help if you have opted for the emergency services cover. Ensure that the Premium includes Compulsory Excess When paying a premium amount that you pay to the insurance company ensure to add minimum compulsory excess. The excess amount is charged based on value and model of vehicle. It ensures that you don’t pay a higher insurance premium. Conclusion At the time of buying/ renewing car insurance in Dubai, keep these points in mind. When buying/ renewing car insurance in Dubai, make sure you have the answers to the following questions:
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