Like another insurance, you are considered for bike ownership insurance while purchasing a two-wheeler. Bike insurance is an agreement between the bike owner and the insurance company. Specifically, Two-Wheeler insurance or a bike insurance policy is covered by the insurance company in case of damage to third-party property, protecting against other unexpected financial loss due to accident, theft, natural calamity, etc.
Additionally, it protects from third-party liabilities that may be generated when one or more parties involved in an accident are injured. It is mandatory to get insurance and renew it on time because the financial consequences associated with any incidents can be on the high side and may be complicated to manage.
Types of Bike Insurance in Dubai, UAE
There are mainly three types of Bike Insurance in Dubai, UAE including:
Third-Party Liability Bike Insurance
As amended by law in the UAE, third-party liability coverage provides minimum coverage that is required for your motorbike riding on public roads. This policy covers solely the cost of losses, injuries or damages determined by a third-party during the policyholder’s tenure.
Additionally, it does not cover any damage to the policyholder’s bike.
Fleet Bike Insurance
Fleet bike insurance is also known as multi-bike insurance. It is often used in business where business owners operate delivery and courier services. Multiple bikes are included in one insurance policy without paying extra money, saving time and hassle. During the policy duration, the owner can remove the bike at any time.
Comprehensive Full Cover Bike Insurance
Comprehensive bike insurance is the highest-rated insurance policy among bike owners. Accidental damage or injury may occur while driving on public roads, third-party liability during accidents, theft, natural calamities, explosions, etc. is covered under comprehensive insurance.
Observe the Best Car Insurance in UAEBenefits of Bike Insurance
Easy Buy and Online Renewal
Streamlines for the policyholder to purchase and renew the insurance online through the website insurance company websites.
Instant Policy
Unlike earlier, nowadays, with the rise of technology and fast financial facilities, a digitally signed insurance policy is issued to the policyholder instantly.
Diversified Coverage
These days, insurance holders for opt the coverage level that they want. The three levels avails in the UAE include third-party liability insurance, comprehensive insurance, and fleet bike insurance.
Additional Covers
Several benefits arise in the long run for the insurance holders with an extra premium.
Simple Transfer of No Claim Bonus
If you purchase a new bike will get NCB or No Claim Bonus transfer offers by the insurance company for the policyholder. NCB is given to the bike owner, not the two-wheeler.
Reduction of Financial Stress
Owning a two-wheeler is crucial for protection against risks, as loss or damage can be financially and emotionally devastating. Two-wheeler insurance covers liability.
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4 Best Motorcycle Insurance Providers in Dubai
1. InsuranceMarket.AE
| Insurance offered | Home, Health, Business, Life, Bike, Yacht, and more |
| Website | https://insurancemarket.ae/ |
| Address | Control Tower – 27th Floor – Motor City – Dubai – United Arab Emirates |
| Contact Details | Phone: +971 4 421 5819 |
| Operating Hours | 8:00 AM – 6:30 PM (Monday – Sunday) |
2. GIG Gulf
| Insurance offered | Car, Travel, Home, Motorcycle, Health, and more! |
| Website | https://www.giggulf.ae/en/personal |
| Address | Second Floor, Building 7, Phase 2 Dubai Outsource Zone – Dubai – United Arab Emirates |
| Contact Details | Phone: +971 800 292 |
| Operating Hours | 8:00 AM – 5:00 PM (Monday – Friday) |
3. Policybazaar UAE
| Insurance offered | Car, Health, Travel, Bike, Home, and more! |
| Website | https://www.policybazaar.ae/ |
| Address | Al Shafar Tower 1 – Office No. 1304 – Barsha Heights – Dubai – United Arab Emirates |
| Contact Details | Phone: +971 4 247 2904 |
| Operating Hours | 9:00 AM – 6:00 PM (Monday – Friday) |
4. United Gulf Insurance Brokers
| Insurance offered | Medical, Home, Travel, Bike, and more! |
| Website | https://ugib.ae/ |
| Address | Office No. 221, Block B, Business Village Al Maktoum Road – Near Clock Tower Roundabout – Deira – Dubai – United Arab Emirates |
| Contact Details | Phone: +971 4 239 4242 E-mail: ugib@emirates.net.ae |
| Operating Hours | 8:00 AM – 5:00 PM (Sunday – Thursday) |
How to Choose the Best Two-Wheeler Insurance
In the hustle and bustle market, evolutionary market’s competition, multiple insurance companies provide several reasonable rates and other potential with the policies. Here are some tips that assist in dealing with the best motorcycle insurance.
Understanding Needs and Expectations
Individuals should ascertain the requirements and budget as this will help them get the best insurance plan that suits them.
Choose a Reliable Insurance Company
No one prefers to invest in an insurance company that has a reputation in the market, so checking the claim settlement ratio is very important when choosing an insurance company online. Also, it ensures that claim settlement without any hassle.
Plan Comparison
When we narrow it down we often explore everything. And that’s good because exploring things on the market can be more valuable. Comparing bike insurance is a must as it can be better than other two-wheeler insurance.
Coverage Evaluation
It is important to analyze whether your insurance coverage and policy are based on your needs and help avoid any financial loss.
Read Also: The list of top 10 Best Car Insurance Companies in AjmanMotorcycle Insurance Dubai Price
The Bike Insurance Cost is almost the same in Sharjah, Dubai, Ajman, Abu Dhabi, and other emirates.
Process for Bike Insurance Renewal Online
The insured can purchase or renew an insurance policy from the insurance company’s website. Remember that, don’t utilize the open or free Wi-Fi to buy or renew bike insurance online.
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FAQs
In Conclusion
I have articulated about the two-wheeler as I know. Nowadays, the UAE is becoming an evolving country in business and there are avails three types of insurance as Third-Party Liability Bike Insurance, Fleet Bike Insurance, and Comprehensive Full Cover Bike Insurance.
