Car or motor insurance is a contract between the candidate and a Insurance company that if there is any damage or accident the insurance company will pay off for all the expenses of the damage incurred inclusive of medical ,liability ,and premises a person can make a claim in case of theft ,fire ,accident and theft. Alfred Insurance Market plays a prominent role its one of the leading company in providing quality services to gulf region, owing a car in Dubai is not easy task certain things are taken into actions only then a person can owe a car in Dubai one must have its own residency proof and documents are required. The higher Authorities of Persian gulf have set new amendments for car Insurance companies in Dubai throughout the middle east and whole Dubai from this year 2017 so it becomes easier for residents of United Arab Emirates to go through car insurance by making Insurance Companies Online Portals mandatory as they have joined hand with Qatar insurance company one can choice from different quotation by just sitting at the comforts of their homes. Now there will be more clarity of policies by getting third party Liability coverage and now person or bearer will get more benefits and insurance coverage in case of any damage ,theft ,accident ,fire and moreover, elimination of any hidden charges.
Nowadays, new rules are introduced in UAE regarding car insurance companies in Dubai which has led to hike in prices it has both pros and cons. There are numerous renowned companies like Alfred Insurance Market have impacted the car owners in a good way by providing hassle free services. In Dubai full coverage is provided in case of accident person will get free replacement car if a person has met with an accident and do not found guilty he will get a new or full compensation within the 10 days of the miss- happening. Previously, relatives were not given any sort of compensation if they are also in the vehicle at the time of accident they were covered only in passenger accident benefit but now in this policy relatives will be covered if they had any sort of injuries. Authorities of Dubai are now granting Insurance companies full freedom of prices new policies to be taken into action. Moving further, now in Dubai citizens will have wide range of quotations from different companies, Insurance advisors; Insurance brokers to choose from as every company have its own premium as before there were only few firms which were not having any choices but now they can opt any comprehensive policy irrespective to all this, premium of car or motor insurance will not exceed 5% to 7% which is very beneficial for car or motor owners.
In the end, it could be concluded that new improvements and amendments made by authorities of UAE is has proved beneficial for not only for Insurance companies but also for the citizens and residents of Dubai and there are companies which will also undergo more changes to provide first class services to its clients like providing at present!