Mistakes to Avoid when Applying for a Motor Insurance

motor insurance

Today many people in Dubai are buying vehicles, not just the cheap ones, but the expensive ones as well. But regardless of the size or price of the car, a motor insurance policy is mandatory for every vehicle owner.
In the UAE, the insurance policy is a must. The motor insurance policy protects the vehicle from unforeseen damage. And losses incurred due to theft, fire and accident, are covered by the insurance.

In the UAE, there are two kinds of insurance policies:
• Comprehensive- Insurance that covers losses arising from accident, theft or fire.
• Third-party Insurance- It helps to cover damages caused by your car to a third party.

Different insurance companies offer different options. It is worth to check out all of them before choosing a motor insurance policy.

You can also work with motor insurance brokers in Dubai for a hassle-free experience. Insurance brokers act as the middlemen between you and the insurance company. They help you get the right policy based on your needs. A broker can provide you with detailed information about the policy. They also guide you through the documentation process and also through the claim process. They help save you time, effort, and money by allowing you to compare the policies and choose the right plan according to your requirements.

It is not a good idea to answer incorrectly or omit certain details if you are filling out your motor insurance application. Making an error may create issues in the future, such as a revocation of your policy or your claim denied.

So, when applying for motor insurance, make sure to avoid making these mistakes:

1. Not Being Sure Of What Suits Your Needs
Remember, what works for others might not work for you. Although Comprehensive Coverage envelopes almost all features that should be covered by a motor insurance policy, it can be more expensive. On the other hand, Third-Party Liability Coverage is more budget-friendly, but it only caters to the needs of those injured by you in the event of an accident. Be sure of what you need from your policy.

2. Don’t Assume a Higher Premium Indicates Higher Quality
A higher premium does not always indicate the best service, and likewise, a lower premium is not an indicator of cheap settlement efficiency. In the long run, it may cost you more than just the premium. Research your options, and when it comes to motor insurance in the UAE, it is better to compare.

3. Don’t Ignore the Add-Ons
People usually think that Comprehensive Coverage takes care of every aspect, but that isn’t true. Motor insurance offer add-ons that can increase the premium but also provide coverage for factors not included in the basic policy. Consider the add-ons carefully, as they can be a worthwhile investment.

4. Not Mentioning Any Driving Infractions
You should report to your insurer about any accidents you have been involved in or ticket you have received. Because once they check your records with the Department of Motor Vehicles, they will know all about it.

5. Neglect To Update Information
There are certain situations in life that you require to inform your insurance company and update your policy. So, for instance, you had another driver to your car, got a new job to a faraway location, or had a minor accident, inform your provider to evade losing discounts or having to pay extra for coverage.

It is important to be aware of what to do and what not to do when applying for vehicle insurance. Contact an experienced and well-known motor insurance broker in Dubai for assistance.