5 Car Insurance Myths Busted 2020

1. 5 Car Insurance Myths Busted 2020

3. Car Insurance In UAE In the UAE, car owners have to pay certain amounts annually for car registration and insurance. While buying car insurance every year, people often tend to be in a dilemma. They don’t have enough insight into the insurance they buy, even though there are car insurance dealers willing to help them out. People get into some myths which had been in existence for a long time. Here we are going to bust those myths one by one.

4. 5 Busted Myths • Medical bills are included in accident cover • Your car dealer is hesitant to give you the best insurance deal • High valuation on your policy document is always a good thing • Oman cover entitles you to drive in that country • Agency repair isn't all it's cracked up to

5. Medical Bills Are Included In Accident Cover • There is a checkbox, asking for the need for a personal accident cover. While ticking them, people often come in mind that they got benefited from all the medical bills resulting from a car accident. • Tragically, personal accident cover just adds up to lumpsum amount payouts in case of specific injuries. • You cannot simply show a copy of your policy document at the hospital if you were injured during an accident in your car. For this instance only your medical insurance policy will be benefited. • While 3rd party insurance in Dubai only covers you against death or bodily injury to any third party/person and also the damages to third party property which arises out of the use of your motor vehicle.

6. Your Car Dealer Is Hesitant To Give You The Best Insurance Deal • People hate inconveniences while buying a new car and want the dealer to arrange everything for them. You normally opt to pay the deposit, fill out some forms, and the dealer will take care of the registration, insurance, and finance for you. • You feel so work free, but I insist on saying that insurance is the one thing that you should keep under your own control. Because the margins dealers are charging on these are huge. • Even third party insurance is beneficial for customers. Although the comprehensive cover is often more expensive than third party insurance in Dubai, better coverage can save you money in the long run.

7. High Valuation On Your Policy Document Is Always A Good Thing • Most people often feel that buying a luxurious car that values high in number and insisting that to raise the value of the car is more natural. • But the case which involves is that the higher the value of the car, the higher will be the policy which you need to pay for. • And secondly, the car value mentioned on the policy document only comes into the act in the event of a total loss – which occurs rarely.

8. Oman cover entitles you to drive in that country • Most of the insurers in UAE offer GCC cover or Oman cover. • People often feel that this cover will let them drive hassle-free on the mentioned country. This type of cover doesn’t actually authorize anyone to drive in that particular country but will provide conservation against their “own damage”.ie the damage to your car that you are responsible for. • So If you are planning a road trip to any GCC country, you will need to buy basic cover from a local insurer at the border other than the car insurance in Dubai.

9. Agency repair isn't all it's cracked up to • People often get attracted to agency repair when they seek comprehensive policies. • In this policy, your insurer will pay for the official dealer of your car to carry out the repairs caused by an accident. • The issue with this feature is that normally agency repair tends to be more expensive than non-agency repair. There are enough good non-agency repair offerings. • People can even opt for a premium garage add-on.

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