Things to remember when buying Car Insurance in UAE

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If you own a car in UAE, then it is mandatory for you to have a car insurance. Here are the points which you need to keep in mind before purchasing any car insurance

1. Policy Type and Plan Details

Before you select a car insurance plan, insurance experts strongly advise checking what does the car insurance plan covers. Not all the policies provide comprehensive benefits. You ought to check inclusions as well as exclusions of the plan. Apart from that, you must know is the maximum insurance coverage offered by the insurance plan. You should compare insurance in UAE as there are a plethora of insurers out there. This comparison will help you to come across the best plan and have a complete understanding of the plan. Thus, it will help you to make an informed buying decision.

2. Third-Party Vehicle Insurance

Ideally, you must opt for a comprehensive insurance plan in order to enjoy maximum insurance benefits. Due to any reason, if you can’t opt for the same; you need to opt for a third-party insurance plan. It is mandatory for every vehicle owner to have third-party insurance cover for his vehicles plying on the UAE roads. In case of an accident, it covers legal liability of the policyholder. Buy car insurance in UAE and be a responsible driver.

3. Choose a Policy that Suits your Needs

Before making a wise insurance decision, you ought to know everything about the plan. If it fulfils your insurance needs, you can opt for the plan.

Usually, people don’t check what the policy is all about. They just sign the documents and later feel cheated when it comes to claiming the offered insurance benefits.  The insurance experts advice that you must go through the fine print of the policy document. It will help you to know what are the benefits offered and what benefits are not offered by the auto insurance plan.

There are multiple insurance providers in the UAE which offers insurance plans that fulfil the individualistic insurance expectations of the insurance buyers. If your insurance provider offers you a wide range of plans, you can opt for the plan that fits the bill.

4. Additional Benefits are definitely good to have

The standard car insurance policy provides basic insurance coverage such as loss due to theft or fire. It is valid within pre-decided geographical range, and it might not fulfil all the insurance expectations of the insurance buyers. If you want enhanced insurance coverage, you can opt for add-ons that offer enhanced insurance coverage. While it offers enhanced insurance coverage, it comes with an enhanced insurance premium.

5. Watch out For Policy Charges

A vast majority of the car insurance buyers are not aware of the excessive charges involved in the policy. They just pay the policy premium without having the slightest idea about the offered coverage they receive. If your insurance provider is providing a policy at a low price then be extra careful in terms of the major benefits are offered under that plan. As a thumb-rule, anything that comes too easy on the pocket will not be the best. But that doesn’t mean you should go for an overpriced car insurance plan that will burn a big hole in your pocket.

Comparison is the Key

Comparison from various insurance providers is the key to finding the right car insurance plan. Don’t go for the first policy you come across. Browse through available options, (at least up to 4-5 service providers) and compare car insurance in UAE. Select the policy that offers best insurance coverage at the best insurance premium. When you decide to purchase your most-desired car, you don’t buy it on a whim.Same goes for the car insurance that safeguards your car against unforeseen events.  Be it charges, inclusion, exclusions, sum assured etc,compare each and every aspect of the policy.

You can also compare car insurance in UAE to get the right quotations and choose from an array of options to find the right product.

Over to You

You must take extra care while selecting an insurer. Make sure and go for the insurer that enjoys good financial health. If you are choosing basic car insurance that provides minimal protection, then be ready to meet the expenses when something in case of a road accident.

Karan is CA by Qualification with the rare distinction of being awarded All India Rank 22. He is also the founder of this website and is an expert in helping people save Taxes legally. He can be reached by booking an appointment for Tax Advisory Service.