Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Obtain Insurance and Take a Good Night Sleep

By Andy Robert Subscribe to RSS | March 6th 2012 | Views:
loading
 
  



Car insurance in UAE is the talk of the town. If you own a lavish car and you are frightened as to its theft, accident or any other loss making event, and this fear is sweeping your peace of mind then go opt for its insurance.

Insurance motor comes under the category of non life insurance. Under this form of insurance a certain amount of money which is known as premium is calculated on the amount of sum insured. In a contract of insurance there are two parties involved namely insurer and insured. The item insured becomes the basis for the insurance contract to be entered into. This is because let us suppose that a particular car whose cost is 1 million is insured. This amount becomes the sum insured and a certain percentage is applied to it in order to calculate the amount of premium. If discount is allowed then the same is deducted from the premium amount. Then there are certain taxes and legal duties that are all part and parcel of the insurance contract but all of these are levied on the pre discounted amount. So this is how the insurance contract is executed. Complications that arose normally in insurance contracts are discussed further.

In insurance UAE holds a great prestigious position as compared to the other Gulf States. The reason for this may account to the fact that the states within UAE are more focused towards attracting gigantic amount of investments from both local and foreign customers. A person opting for insurance asked many questions and on getting satisfied in terms of their answers then agrees for the insurance contract. For entering into an insurance contract, car quote also forms the basic information. For Quotes on car insurance, the Insurance Dubai companies are reluctant to offer a fix percentage for every car of a certain make. To clear this point one has to understand the distinction between used and new cars and the application of percentage to them. Obviously new cars have the same market price and there is no difficulty in calculating both sum insured and the amount of premium. But the problem comes your way when these two amounts are required to be calculated for used cars.

To solve this problem, the insurance company appoints values who are then asked to perform valuation. After valuation they produce a valuation report which stated every details relating to the car like model, engine number, manufacturer, name of owner, color, general condition, the mileage the car has been used etc. This report also contains photos of the car taken from different angles. By taking account all these factors and the wear and tear the car have been undergone from, the valuation report is concluded with a certain amount or market value of the car. This becomes the sum insured and then the contract is prepared keeping the other conditions same as in the case of an insurance of a new car. Insurance contracts are usually of a single complete year and thus the insurance companies provide indemnity to any occurred loss if it is happened with that year.

The details relating to how to lodge claims in the event of the loss and other terms and conditions depends upon the unique loss creating event and thus varies on case to case basis. For further guidance you may visit our office or simply call our agents and get the information you want.

Andy Robert - About 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 have extensive experience in Insurance motor, Insurance Dubai & specially Quotes on car insurance business. He is currently residing in Abu Dhabi.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/insurance-articles/obtain-insurance-and-take-a-good-night-sleep.htm

Related Insurance Articles Subscribe to RSS

Using cheapest car insurance quotes to find the cheap car insurance
Published by Robmichae on March 16th 2012 | Insurance
Finding the cheap car insurance includes obtaining cheap insurance quotes to assist an individual to...
 
Find the low cost auto insurance online and compare the market
Published by Jameshaven on March 2nd 2012 | Insurance
In view of the current economic conditions of the world it is no wonder that everyone is looking to ...
 
Getting a cheap van insurance
Published by Robmarshall on March 1st 2012 | Insurance
Previously vans were only used for commercial purpose i.e. for hauling people and goods from one pla...
 
Why I need employers’ liability insurance and how to buy that?
Published by Andrew Edwards on December 27th 2011 | Insurance
People ask the question about employers’ liability insurance most often...
 
Individual medical health insurance
Published by Lessardcasey on November 30th 2011 | Insurance
Individual medical health insurance is something that every man and woman should have, unless they a...
 
All new drivers should be conversant with laws regarding auto insurance!
Published by Jerry on March 10th 2012 | Insurance
When you are a first time car owner or buyer, there are usually many things that you may need to edu...
 
Benefits of life income insurance
Published by Dkfinancialplanning on February 10th 2012 | Insurance
The only purpose of a life insurance policy buyer is the security of the people who are left behind ...
 
Low cost medical insurance
Published by Lessardcasey on January 13th 2012 | Insurance
Low cost health insurance is something that in the United States comes with high risk and low return...
 
Buying insurance online- the smart thing to do
Published by Chris Luke on February 29th 2012 | Insurance
Buying insurance online is the new way to save. The reduced premiums and speed of transacting busine...
 
Availing benefits from cheap California auto insurance
Published by Auto Insurances on January 14th 2012 | Finance
In this period of inflation who doesn’t want to save money? Every one seeks to save money from eve...
 
Look for car insurance in South Carolina
Published by Ronnie Brain on January 17th 2012 | Insurance
It is a legal requirement that you carry your auto insurance South Carolina all the time. Failure to...
 
My cheap car insurance – ways to find car insurance for young drivers
Published by Harrisonford on March 29th 2012 | Insurance
If you are looking for car insurance for your son or daughter, you may be a little anxious how to fi...
 
What do self-employed people need to know about health insurance?
Published by Andrew Low on February 10th 2012 | Insurance
If you live in the UK and take out health insurance, it is unlikely that you will be able to offset ...
 
How to win the right auto insurance packages in New Hampshire
Published by Alabamaauto Insurances on January 17th 2012 | Finance
Auto insurance is definitely a necessity to anyone who owns a car in the modern day. If at all you ...
 
Tips to find the best car insurance comparison sites
Published by Geenadavis on February 25th 2012 | Insurance
Shopping around for the cheap auto insurance online can be a challenging task if you do not know how...
 
Best car insurance in New York City
Published by Warner on April 2nd 2012 | Insurance
Insurance Express is the one stop solution for all Nassau County car insurance related requirements....
 
Classic car insurance requirements
Published by Johnjakson on January 30th 2012 | Insurance
If you have a classic car, most likely it is one of the most valuable possessions. Defending and mai...
 
Breaking false beliefs to help you pick correct income protection insurance policy
Published by Jenymorison on December 10th 2011 | Insurance
You would have often come across various myths about income protection insurance or in general any i...
 
Online health insurance quotes
Published by Lessardcasey on February 11th 2012 | Insurance
Comparing health insurance quotes to find the best deal for you can be done through HealthInsuranceQ...
 
Auto insurance at its best in Michigan
Published by Autoinsurances on March 6th 2012 | Insurance
It is illegal to drive uninsured vehicles on Michigan roads. Michigan is also regarded as the no-fa...