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Similar to the majority of common insurance policies, motor insurance in Dubai and the UAE provides annual coverage with the option to renew when it expires. All vehicles on public highways must have third-party motor insurance, according to the Motor Vehicles Act. To provide complete and adequate coverage, you may choose a comprehensive insurance policy or opt for various add-ons. Before renewing your car insurance in Dubai and other emirates of the nation, take into account the following crucial tips: 

Take Note of Your Car's Insured Declared Value

When buying or renewing a motor insurance policy, it's very important to take the insured declared value (IDV) into account. This is the highest payout one can be eligible for in case of theft or complete car damage. Understanding the IDV is crucial since it has an impact on the premium amount paid. One is frequently lured by the lower premiums provided by several firms when renewing coverage. It's crucial to realize that a lower premium frequently means a lower IDV, which results in insufficient coverage and has a detrimental effect on the number of future claims. 

Verify Any No-Claim Bonuses

If the insured does not submit a claim during the previous full annual policy term, they will receive a discount known as a no-claim bonus (NCB). For five years in a row with no claims, general insurance firms in India offer up to 50% of the discount as an NCB bonus. The Own Damage (OD) is the only premium that qualifies for the NCB benefit; It is not included in the overall premium payable and comprises a third-party premium.

Don't Skip Terms and Conditions

Check the terms and conditions and all other details in depth at renewal time to prevent any misunderstandings that might affect the coverage you receive. If the existing insurance does not match your needs, you can also extend the coverage or switch to a different insurer for better coverage, add-ons, and the best service without losing the no-claim bonus (NCB). 

Get the Network Garages List

Every auto insurance provider in the nation has partnerships with garages spread out across the nation, which are referred to as insurance company network garages. To simplify the claim settlement procedure, firms of motor insurance in Dubai and the UAE provide cashless car insurance plans for the purpose of repairs at these network garages. The partner garages pay the insurance company directly for the charge in a cashless transaction. So, the policyholder is not obligated to pay the repair amount aside from the share of liabilities.

More Benefits from Add-ons

You can purchase add-ons like basic roadside assistance, cover for consumables, enhanced personal accident coverage for passengers, NCB protection, inconvenience allowance, depreciation reimbursement, emergency medical expense coverage, engine guard, and so forth to help mitigate losses that are not often covered by standard motor insurance coverage. For a minimal charge, add these extra coverages to a vehicle policy. We assure you that it will be very beneficial.

Purchasing car insurance in Dubai and the UAE is a crucial decision that necessitates a careful analysis of the options available in the market as well as the important add-on coverage. It must be evaluated to renew it on time and be eligible for the rewards and benefits.

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