Capabilities of Motor and Health Insurance in Dubai
Motor vehicle insurance quotes can be obtained easily from any recognized car dealer as well as an insurance company. The former may provide a general idea but the later is experienced in this regard and can give the full and complete picture. Motor vehicles are insured by these companies under a contract. This contract is signed after great deliberations and this often requires an analyst in the form of evaluator. This person evaluates the value of the car by performing an analysis as to the cost of the car and the market value on current basis. However this step is excluded in case where the car is brand new and obtained directly from the dealer in which case the market prices which is well known to the insurer as well is taken as the amount of sum insured. In any case of loss or theft the maximum amount the insurance company is liable to pay is that restricted to the sum insured amount.
Insurance provides a sort of hedge to protect your property from any uncertain or unlikely event which if caused would result in great losses. To protect against such losses the concept is insurance is used and nowadays is well known to everyone. Almost all the businesses in the world obtain for some sort of insurance. This is valid for developing countries and also holds goods for developed countries as well. Some countries are experiencing civil wars and those are very attractive to insurance companies. Countries where there is uncertain environment, it is useful for insurance companies as more and more people will opt for insurance.
Dubai insurance companies are working on the same rule of protecting clients valuable assets and giving relief in case of any disturbed event. The provision of money is totally in accordance with the contract. The quote for motor vehicle depends on two things. First upon whether the car is new or used and secondly the number of cars that are required to be insured less than one package by a single client. In case of first the quotes are slightly higher in case of new cars while the rate of premium decreases as the car gets older and older. The make and model of a car is also considered in this regard. Secondly the corporate clients insured the vehicles in the form of fleet. Companies as employers provide cars to their employees and if they ask for insurance, several companies offer themselves as they bring in huge business. It also impact the level of premium as it is a general rule that if many cars are offered for insurance the premium amount is lower whereas if there is an individual client who normally offers just a single vehicle for insurance it is not likely to get discount unless you are a valued customer and have been dealing with a specific company for several years.
Now Health insurance in Dubai makes possible to ensure that the health of your dear ones is not compromised due to increase in health care facilities. Here there is a complete different form of insurance contract where the decision as to the premium amount depends upon the existing ailments one person has. Normally insurance cost is lower for adults while it is high for kids and highest for the older people.
About The Author:
Andy Robert is a reputed insurance agent and has been working in the Insurance industry for the last five years. He has worked as a consultant with a number of reputed financial institutions and Dubai insurance companies. Having extensive experience in Financial Planning, Motor vehicle insurance quotes & specially Health insurance in Dubai and all the latest development in Insurance industry trends. He is currently residing in Abu Dhabi.
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