5 Car Insurance Myths Busted 2020

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5 Car Insurance Myths Busted 2020
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(No Transcript)
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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 dont
  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.

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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

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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.

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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.

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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.

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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 doesnt 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.

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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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THANK YOU