Get Car Insurance Online

Car Insurance Quotes from AED 650*

Get Policy Documents Instantly Online

Free Quotes with Mulkiya/Chassis Number

Select Model Year

2024

2023

2022

2021

2020

2019

2018

2017

2016

2015

2014

2013

or

Apply by Chassis Number or Mulkiya

All about Car Replacement Add-on in UAE

Car insurance will protect the owner and financially support them during the event of a mishap. The owner will pay a small portion of the amount in the form of a premium which will cover all the different forms of risk. 


A minimum insurance policy such as a third party insurance policy is mandatory car insurance which you should have to drive on the roads in UAE. In a comprehensive insurance policy, the car owner and the third party members are protected in an efficient way. 


In the comprehensive insurance policy, there are different types of add on services which can be added to increase the efficiency of the car. Among all the add on services, the replacement car cover add-on will increase the efficiency of the car. 


What is a Replacement Car cover Add-on?

As the latest reports, the replacement car cover add-on is the most famous car cover add on. It is the highest-selling add-on service. Car breakdown add-on coverage, and personal accident coverage are other famous add-ons. 

Replacement of car under comprehensive insurance cover will be provided to the insurance policyholder who is not at fault in the accident.  


What is included in the Replacement Car add-on cover?

The best advantage of replacement car coverage is the risk covered by comprehensive car insurance. It will work as an extended cover which will provide additional protection to safeguard your car. 

Suppose, if the car is stolen then under the replacement car cover the insurance company will provide replacement of the car. 

This add-on car cover will ensure that you are back on the road with a car. Replacement covers are available online and you can get the quotes online browsing through the different car insurance companies which are available online. 


Who should buy it?

Due to different reasons, the car may be written off and one of the most famous reasons would be non-payment of a loan. If the owner is not able to repay the loan then the lending company will have the right to sell the car through the auction after the legal notice. 


Theft

A car replacement add-on will provide protection against theft. If the owner has purchased the insurance add-on then the risk of losing the car will be replaced with a new car. If the car is lost due to a fire accident then the car will be replaced by the insurance company. 


Vandalism

If the car is hit due to vandalism then it is a great loss and in this situation, the insurance company will provide protection through the replacement of the car and this will reduce the burden on the car owner. 


Cushion period

The insurance company will offer you enough time to find out the best car replacement which can fulfill all your needs. You can select a new or used car as per your financial capability. 

It is important to check the facility of car replacement as different car insurance companies have different terms and conditions. 


Exclusions

The insurance company is responsible for the payment of fuel charges and it is also not responsible for additional charges such as penalties, fees, and fines which are levied by the hiring company. The insurance company is not liable for any kind of payments. 

Expenses after the expiry of cover

The car replacement add-on cover is applicable from the date of issue to the expiry date and generally, it is between 14 days to 21 days. If you are hiring the car beyond these days then you should be liable for the payment of charges out of your pocket. 

Deadline

Every insurance company will list a deadline before that deadline the car owner should file the claim for a replacement car add-on. If the claim is submitted after the deadline then the insurance company will not entertain those claims. The general deadline period issued by the company is five days after the car is declared as totaled car by the authority.

Take away

To take the best advantage of the replacement car, you should be fully aware of the policy terms and conditions. It is important to note and ask for the details related to the insurance policy to your agent. To cover various kinds of risks you should buy the most appropriate policy and among all the different add-ons to car replacement add-on you should select carefully and understand the coverage.