A Glimpse On Motor Insurance

Automotive industry has seen a tremendous growth throughout the world. There are many car manufacturers, which compete to get a foothold in the middle east, especially the UAE. Growing trade and tourism has helped Dubai in becoming one of the fastest growing economic cities in the world. Companies like Toyota, Volkswagen, which are global players are trying to introduce more fuel efficient as well as Eco friendly cars in Dubai. Luxury car manufacturers like Rolls-Royce, Lamborghini, Ferrari, Mclaren are too interested in making a stronghold in the region.

Car sales in the UAE have led to a rise in Online Motor Insurance in Dubai. The nation saw a tremendous growth in automobile sales numbers. This is because cars and motorbikes are now seen more as a necessity than as luxury items. These days almost everyone feels the need of making their commute easy and comfortable. Also with multiple options of Online Vehicle Insurance available, owning and insuring a vehicle has become a lot easier. Online insurance is not only quicker but also requires less documentation and is a lot faster. It also enables the person to compare different policies provided by different companies, which he is able to do at his home. This has helped the person concerned from traveling to and fro to the respective branches or being dependent on the agent. In Dubai car insurance is an absolute must as no vehicle would be registered unless it has been insured from a recognized insurance provider. As per the prevailing law in Dubai, the minimum level of car insurance required is the third party liability. First party insurance provides cover to the insured vehicle as well as to any third party. On the other hand Auto Third Party Insurance only provides coverage to the damage caused by the insured’s vehicle.

As it is necessary for any person to get his car insured before registering in Dubai, Therefore Online Motor Insurance Companies are providing for easy and quick processes to offer insurance. Vehicle Insurance is beneficial as it provides for coverage in terms of accidents like traffic collisions, financial protection against theft of the vehicle and other unnatural damages caused to the vehicle. There are many companies like AXA GULF, AIG UAE, RSA UAE, which offers online insurance to the people of Dubai. Apart from the standard cover, people may also choose from a number of additional options. They include roadside assistance or recovery breakdown, rental or alternative vehicle cover.

According to the law Insurance, policies in Dubai are valid for 13 months. The one month grace period is given by the Traffic Authorities to complete the annual registration of the car. Companies, while providing for insurance require the person to give details about them. Thus, it can be undoubtedly said that Online Motor Insurance Dubai has not only abided by the law but has also helped in offering a hassle free and promising service to the people.