Car Insurance for Luxury Brands Range Rover, Porsche, Tesla in UAE

It is a known fact that in the whole world, the UAE is the home for some of the expensive and luxurious cars. It is not a surprise to know that from Bugatti to Ferrari all the high-end cars are from the UAE. The demand for expensive cars is increasing over the years and it is expected to increase more in the future. 

Car Insurance for Luxury Cars

If you have an expensive car, be it Bugatti, Porsche, Tesla, Range Rover and other luxury cars it is important to have insurance. Car insurance is not only to protect the car financially but it is also very important to have as per the UAE RTA law. When you own a luxury car, having car insurance provides psychological support. 

There are two types of car insurance policies that are offered by insurance companies in the UAE.

1. Third-party liability insurance coverage - A compulsory insurance policy that provides the most basic form of coverage to the policyholders is third party liability insurance coverage. The third-party damages or the injuries are covered under this form of insurance coverage.
2. Comprehensive insurance coverage - Comprehensive insurance coverage is a slightly more enhanced insurance coverage policy. Apart from the basic coverage comprehensive insurance coverage offers protection to cars in the form of theft coverage, damages coverage and accidents. 

Luxury Car Insurance

The owners of the expensive cars need additional coverage. This coverage includes unique extensions to the insurance policy. Basic insurance which is purchased will cover damages and accidental injuries. Along with the basic insurance add-on extensions to the coverage will provide protection to the luxury car. 

Luxury cars need high-value maintenance and this may increase the monetary expenses for the car owner. For all the high-end car owners it is advised to take the best car insurance which provides protection to their luxury cars and saves their money. For all the luxury brands like Range Rover, Porsche, Tesla it is advisable to take a comprehensive car insurance policy. A comprehensive car insurance policy provides coverage against damages for both parties which are involved in the accident. 

The luxury cars are provided protection against theft, car damages, accidental coverage and any other legal judicial payment to the third party involved in the accident. The car owner can also take the option for car insurance by paying an additional premium amount which provides extensive protection to the luxury car. If you have a luxury car like Mercedes, Range Rover, Porsche, Tesla, Bugatti, Ferrari, Audi and any other car then make sure you choose the right add-ons under the comprehensive motor insurance policy. Below are the ones which are mostly recommended. 

• Replacement of car within one year

For all the expensive cars, insurance companies in the UAE can waive depreciation on the vehicle. The depreciation is waived off on the vehicle from between 6-24 months. There is also an option for the replacement of the vehicle if it's beyond the repairs. 

Not every car insurance provides the facility for replacement of car add-on under their insurance policy. The advantage depends on the insurance company and it depends on the judgemental decision for replacement of the car.

• Natural calamities

This add-on facility is provided by the best car insurance companies in the UAE. It provides complete protection against natural disasters. The coverage includes natural disasters like hurricanes, earthquakes, typhoons, heavy rains and other natural disasters. If you do not take this coverage then it can be a huge loss to you. It is advised to take this service as it protects against natural calamities. 

• Repairs and Maintenance

This add-on service affects the insurance premium. When there are any repairs to the expensive car or the luxury cars then it takes huge repairs. The reason is that the spare parts are from the original manufacturer and only the original spare parts should be replaced. If it is an agency repair then all the original manufacturer spare parts are replaced in the vehicle. This will reduce the expense for the owner if it is covered under the policy. It is important to note that non-agency repairs may or may not use the original spare parts. In the UAE, the best car insurance companies will provide three years of agency repairs if the policyholder takes the add-on coverage. 

• Fire accidents and thefts

It is the most important coverage which will provide safety to the vehicle against fire accidents, theft and damages to the vehicles. To ensure that your vehicle is protected make sure to take this add-on service. 

Conclusion

Luxury cars need extra protection along with basic coverage. It is important to note that insurance just not only provides protection against unforeseen events it also gives peace of mind. Since you have spent a lot of money on buying an expensive car. Do not ignore the insurance add-ons coverage aspect under your car insurance. Remember ignorance might cost you a fortune. Have good knowledge about your services and take the best car insurance with the add-on service coverage according to your requirements.