Buying your car, the first time gives you a sense of achievement. You should choose the best policy to cover your vehicle. You should go for a a policy which is specific for your vehicle, driving conditions, driver and third-party needs.
Check out these types of Car Insurance Coverages:
Liability Coverage:
In UAE, minimum liability insurance should be purchased by owners as per the legal obligation. It is always better to choose an insurance premium higher than the minimum requirement to reduce your out of pocket expenses.
If it is concluded that that accident took place because of your fault/negligence losses covered are:
- The repair/replacement cost of the damaged property (or third-party)
- Medical bills of the third party for hospitalization or treatment
- Third-party injury, death or damage to the third party property.
You should choose liability insurance premium higher than the mandatory requirement to reduce your out of pocket expenses.
Collision Coverage
If you opt for the ‘collision coverage’ in the insurance plan, the insurance company will take up your car repair expenses after the accident.
- In cases where the cost of repairs will exceed the current market value of the vehicle, the insurance company will pay the current market value of the car.
- The collision cover should be opted for as per the age of your vehicle. If the insurance plan is for a brand new vehicle, ensure that the collision coverage is included.
- If your vehicle has a loan, you should buy collision cover.
- Old vehicles can have a low collision cover.
Personal Injury Coverage
Apart from the mandatory liability insurance, you can include certain coverage to overcome various risk factors.
- A Personal injury protection will cover all the accident related costs.
- The medical bills of the driver and other passengers will be covered.
- Not considering whose fault, the insurance company will pay the medical bills.
Better to buy personal injury coverage for the vehicle owner, driver and passengers so that you can make the most of your investment.
Uninsured Motorist Protection
If your vehicle is hit by another vehicle not covered by any insurance policy, and the third party’s insurance coverage is not sufficient enough to meet your needs.
- You can include the additional rider like uninsured or underinsured protection to minimize your exposure.
- You will get the additional or total amount to cover the damage or medical bills very easily.
Comprehensive Coverage
A comprehensive insurance coverage will include all kinds of risk factors like vehicle, driver, passengers, third-party vehicle, third-party driver, third-party vehicle passengers and third-party property.
The insurance policy will also cover Weather damage, Floods, Fire & theft.
Consult Car Insurance agent in Dubai for all your Insurance needs. Get a quote now http://www.covermatch.com/car/