What is comprehensive insurance, and what are its features and benefits? What is the difference between comprehensive insurance and third-party insurance? These are the most common and frequently asked questions in the world of car insurance. It is often very useful to find answers to these important questions, and to compare car insurance offers, to understand the insurance coverage or benefits that we will get, before purchasing a car insurance policy.
Comprehensive car insurance protects third-party physical and financial damages and injuries as well as damages to your vehicle. Comprehensive insurance is characterized by the fact that you can add many features to your insurance policy to benefit from it and obtain better protection, which is for an additional financial premium.
Also, comprehensive coverage can help pay for damages to your car caused by non-collision damages. For example: obtaining insurance coverage against theft, fire, flood, or collision with an animal.
The insured receives compensation from the insurance company, in return for paying the agreed premiums, and the insurance company is obligated to pay compensation to the insured in the happening of damage to the car under the insurance policy agreed, during the period of validity of the policy, whether it was caused by the accident or any other damaging way as determined by the terms and conditions.
What coverage we get if we have comprehensive car insurance?
Comprehensive insurance covers damages resulting from:
- Vehicle damage to third parties
- Damage to the insured vehicle
- Fire / external explosion / self-ignition / lightning strike
- A deliberate act of a third party
- Personal accidents for the third party, the driver, the passengers, and the family
- Transportation including loading and unloading
- Burglary or theft
- Roadside assistance
Comprehensive Insurance limits and deductibles:
Let’s say your car is damaged and it will cost you about 8,000 dirhams to repair it. The endurance rate was 1,350 dirhams. In this case, you will pay 1,350 dirhams from your wallet only, after which the insurance company will pay 6,650 dirhams in compensation of the damage.
The Insurance Authority has indicated that the insurance company may charge the insured the deductible according to the following detail:
- 10% maximum if the driver’s age is less than 25 years 25
- Maximum 20% for rental vehicles
- 10% maximum for public vehicles
- 15% maximum for sports and fitted vehicles
- Maximum 20% for vehicles fitted outside the factory
How much Comprehensive Insurance cost in UAE?
Comprehensive insurance cost depends upon the various factors as mentioned below:
- Car making and model
- Driver’s driving record
- Driver’s age
- Years of Experience
- endurance ratio
- Additional Features
So, the car model, driver’s age and driving record etc all these factors determine how much premium would be charged for the comprehension insurance of the car.
Comprehension Insurance Benefits
Following are the benefits of the comprehension insurance
- Car repair at the agency
- Off-road driving
- Natural disaster coverage
- Windshield damage coverage
- Covering GCC/Oman
- Personal property coverage
- Driver’s accident coverage
- Passenger accident coverage
- Ambulance service
- Civil fighting and riots
- Emergency medical expenses
- Theft in valet parking
- lock replacement
It will provide with a wide range of coverage of your car, and make you feel free if in case you get car damages, it will be reimbursed to you because of the comprehension insurance
Difference between Comprehension insurance & third party insurance?
| Comprehensive insurance vs third party insurance | ||
| Damage type | Comprehension insurance | Third-Party Insurance |
| personal vehicle | yes | no |
| third party vehicle | yes | yes |
| personal injury to you | yes | no |
| Third-party personal injury | yes | yes |
| Personal injury to third party passengers | yes | yes |
| Fire damage to your vehicle | yes | no |
| Damage caused by theft of your vehicle | yes | no |
| Damage caused by natural disasters to your vehicle | yes | no |
| Damage to the property of the other party | yes | yes |
Conclusion:
Comprehension insurance is much better option as compare to the third-party insurance, because it gives you the coverage of lots of damages and makes you feel free if in case you get the car damages, it will be paid on your behalf, which reduces your financial risk and provide you a good solution to the risk management of your car.
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