2.2 Choosing right Insurance

Exercise caution while choosing your Insurance

Car Insurance coverage is mainly either Third Party or Comprehensive. If you are planning for a new car purchase you must preferably opt for a full comprehensive cover even if cash purchase. In case you are financing your car full insurance is anyways mandatory. The Insurance cost may vary depending on your choice of the make, model, type of vehicle you plan to insure, and also on your driving history. Usually for new driving license holders the premiums charged are higher.

The common understanding about insurance is that it’s done to repair accidents or to get compensation for your stolen car, subject to being covered by the policy clauses. Although these are the regular benefits to be availed by you, what people generally lose sight of one of the major purpose is to have liability protection in case you injure or kill someone during a car accident or cause damage any property.

Be sure to obtain multiple quotes including one from your current insurance provider, and consider using a website to obtain quotes from multiple companies, such as

www.policybazaar.ae,

www.aqeed.com/.../04/the-top-insurance-companies-uae,

While choosing your car insurance you must pay attention to:

Reliability: Researching online to compare and narrowing down your choices. For similar coverage plans different companies offer different rates. However cheapest policy may not necessary be the best. While researching you should also factor in the reliability of the Insurance Company to avoid unsatisfying experiences at the times of any claim.

Coverage Plan: Some of the Insurance companies play around with hidden extra costs like Excess amount to be paid on any claims, break down cover, road side assistance, any additional fees. Be aware of such costs as the company offering a little higher premium may be associated with these benefits.