Why Opt for High-Value Car Insurance in the UAE? Discover Its Benefits and How It Keeps You Protected

Car Insurance

Owning a premium car isn’t just about luxury; it’s about enjoying the status, performance, and optimum comfort. The UAE luxury car market is likely to reach USD 7.64 billion by 2034. (Claight) That clearly shows the growing demand for such vehicles. However, with the increasing traffic in the country, the number of accidents is on the rise.

The streets of Sharjah remain crowded with luxury cars. When rolling these premium vehicles on the road, you must be well aware of the potential risks. Want to safeguard your vehicle against unfortunate events? Buying high-value car insurance in Sharjah is an ideal decision. Read on to explore the key benefits of buying these insurances!

An Overview of High-Value Car Insurance

Today, the craze for exotic, limited edition, and high-performance cars is increasing. The high-end car insurance policies provide optimal coverage for these types of vehicles. The core aim is to offer comprehensive coverage in case of theft, accidents, and other damage to the cars.

Types of High-End Car Insurance

When it comes to high-end car insurance, you have the option to select between comprehensive and third-party insurance. Take a close look at each of the types!

Comprehensive High-End Car Insurance

This insurance policy will offer you compensation in the following cases:

• Damage to the car caused by natural calamities like earthquakes, storms, and floods
• Theft or loss of your car
• Damage to the vehicle due to fire or accidents
• Property damage
• Third-party liabilities in case of injuries 

Third-Party Liability High-End Car Insurance

This policy will provide protection against damages to third parties caused by the insured luxury car. It offers coverage for vehicle damage, physical injury, property damage, and even. Moreover, this insurance can also compensate for legal expenses arising out of accidents that involve third parties.

Benefits of Buying the High-End Car Insurance

Insuring your premium and luxury vehicles is indeed a smart choice. Take a look at the most prominent benefits that the insurance will provide!

Excellent Coverage

While your car is on the busy roads of the UAE, accidents may occur at any time. In such events, damage to the vehicles isn’t just disheartening but will also put you under a significant financial burden. However, getting high-end car insurance will help avoid all such troubles. 

By keeping your vehicle protected against the unexpected events and compensating for the losses incurred, the insurance will offer complete peace of mind. So, you can safeguard your car and drive confidently on the roads of the UAE.

Agreed Value

It is no surprise that the market value of the premium cars depreciates over time. A standout feature of high-end car insurance is its agreed value coverage. That means, irrespective of the depreciation in the market, you will receive the full insured value agreed upon at the time of buying the insurance. This will ensure that you are not losing out financially, maintaining the premium value of the vehicle.

Seamless Claiming Process

As the number of premium cars in Sharjah continues to increase, insuring them has become essential. When buying car insurance in Sharjah, the process of filing a claim matters. The high-end car insurance has a relatively simple and straightforward claiming process.

All you need to do is follow the necessary steps carefully and make a claim along with the submission of the crucial documents. This approach will save your valuable time and enable you to get quick compensation for the losses.

Personalization Options

Not every insurer has the same requirements. Therefore, the high-end car insurance allows you to customize the policies to cater to your exact needs. Based on your car model, potential risks, and budget, you can easily personalize the insurance plans and obtain the best benefits.

Premium Add-on Covers

The high-end car insurance isn’t just limited to car theft or damage; it offers much more. The additional coverage provided includes:

• Personal accident benefits to both the passenger and the driver
• Coverage for windscreen damage
• Zero depreciation cover
• 24/7 roadside assistance

Tips to Maximize the Benefits of High-End Car Insurance

Want to get the most out of your high-end car insurance? Take a look at the helpful tips!

• Review and update your insurance policy as required
• Select the add-on options wisely to enhance your overall coverage
• Understand the exclusions of the high-end car insurance policy
• Check for battery boosting and accident towing services.

Final Thoughts

Buying high-end car insurance in the UAE has become a need of the hour these days. However, choosing the right insurance service provider matters a lot. Are you looking for the best car or motor insurance in UAE? If so, The New India Assurance Co. Ltd is the one-stop destination for all your needs. Connect with the experienced professionals, discuss your unique requirements, and get the most appropriate insurance policy to secure your valuable, luxury car. The comprehensive coverage and premium add-ons will offer you complete peace of mind and protect you against unfortunate events.  

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