Offers Comprehensive Insurance covering the Loss, Damage to the Vehicle Insured and Third Party Liability or Third Party Insurance covering Third Party Liability Only. Personal Accident Insurance benefits for Driver & Passengers available at additional premium.
Concept: To indemnify the insured’s legal liability to third parties for injury or damage or property and/or to compensate for the loss of or damage to the insured vehicle by fire or theft or other accidental damage covered.
Interests Covered: Private Cars, Goods carrying vehicle, Vehicles for hire, Buses, Minibuses, Coaches, and special types such as mobile shops and food vans etc.
Type of Covers: i. Comprehensive ii. Third Party Liability
Indemnity / Compensation Payable: Unlimited for Third Party bodily injury and AED.250,000/- for their property damage and the actual cash value at the time of loss or at the option of the insurer the cost of repairs for the insured vehicle.
Premium is calculated as a percentage of sum insured “vehicle value” in Comprehensive policies and as a flat premium in Third Party Liability policies according to the vehicle type, usage, etc. with minimum premium