Insurance Companies in Dubai UAE : Top Insurance Companies in Dubai : List of Insurance Companies in Dubai with Contact Details. Choose from the best insurance companies in Dubai and compare prices, cost and reviews. Find the best price for insurance in Dubai UAE. Compare how much insurance cost in Dubai and save money. Find the top insurance companies, insurance agents and brokers in Dubai with company name, contact telephone numbers, email addresses, websites, Facebook link, location map, driving directions, deals, offers, prices, costs, company reviews and ratings.
Insurance Companies in Dubai : Top Insurance Companies in Dubai : List of Insurance Companies in Dubai with Contact Details. Making the decision to buy insurance can be one of the most important decisions you ever make. Every year, people whose family members have accidental death, dismemberment, or some other malady are left with no money and no resources because they neglected to buy insurance.
An insurance company in Dubai will offer policies for many different things, from life insurance to auto insurance, to things like workers comp for disability or on the job accidents. An insurance agent will determine your risk factor and assign you a premium that is guaranteed to pay off if you are legitimately injured or killed, depending on the kind of policy you have.
If you are purchasing insurance for general purposes, or for specific applications such as the coverage of damage to cars, then you might want to acquaint yourself with this field. Read your policy carefully so that you know how to document an event for a claim.
- Liability – The state of holding legal responsibility for causing ill effects to someone through action or an omission of action.
- Insurance Malpractice – A failure of duty and competency by a professional required to adhere to professional standards, most often applied to physicians, but also potentially applicable for individuals like lawyers.
- Insurance Quote – The cost of a specific plan of insurance. A consumer can receive such estimates for free. A consumer should compare several quotes and packaged deals.
- Insurance company – Companies which furnish insurance coverage to clients, generally on a mass basis.
- Casualty – This kind of car coverage is in case of collision.
- Property Insurance – Coverage ordered to protect a possession against any form of physical damage recognized as likely or possible to occur.
- Indemnity Insurance – This insurance coverage restores damaged possessions to its original state, as determined by the point at which the object of the insurance plan is insured.
- Health Insurance – As one of the basic tasks undertaken for insurance, this coverage aims at paying a customer’s doctor and hospital bills.
- Life Insurance – An insurance claim quoted in the instance of the plan holder’s death, provided generally to a family member or partner.
- Insurance Broker – An agent for a plan holder who can file claims of liability.
List of Insurance Companies in Dubai
Find the top Insurance in Dubai with name, contact telephone numbers, email addresses, websites, Facebook link, location map, driving directions, deals, offers, prices, costs, coupons, vouchers, reviews and ratings. Find bellow list of Insurance in Dubai UAE.
1. Dubai Insurance
Address & Location: Al Rigga, Dubai, United Arab Emirates
Telephone Number: +9714 269 3030
2. Salama Islamic Arab Insurance
Address & Location: Oud Metha, Dubai, United Arab Emirates
Telephone Number: +9714 357 7000
3. Oriental Insurance Company Limited
Address & Location: Bur Dubai, Dubai, United Arab Emirates
Telephone Number: +9714 353 8688
4. AFIA Insurance Brokerage Services LLC
Address & Location: Dubai, United Arab Emirates
Telephone Number: +9714 421 5819
5. United Insurance Company
Address & Location: Airport Rd, Dubai, United Arab Emirates
Telephone Number: +9714 250 2501
6. Al Nabooda Insurance
Address & Location: Al Wasl Road, Dubai, United Arab Emirates
Telephone Number: +9714 312 1333
7. Al Khazna Insurance Company
Address & Location: Al Ittihad Road, Dubai, United Arab Emirates
Telephone Number: +9714 217 3333
8. Oman Insurance Company
Address & Location: Dubai Healthcare City, Dubai, United Arab Emirates
Telephone Number: +9714 363 5380
9. National General Insurance
Address & Location: Deira, Dubai, United Arab Emirates
Telephone Number: +9714 211 5892
10. Methaq Takaful Insurance Company
Address & Location: Deira, Dubai, United Arab Emirates
Telephone Number: +9714 260 1601
Insurance Dubai Location Map
Insurance Companies in Dubai
Insurance Companies in Dubai : Top Insurance Companies in Dubai : List of Insurance Companies in Dubai with Contact Details. Choose from the best insurance companies in Dubai and compare prices, cost and reviews. Find the best price for insurance in Dubai UAE. Compare how much insurance cost in Dubai and save money. Insurance is a financial institution classified as a non bank financial institution. They are important financial inter-mi diaries. It is believed to have originated from the ancient practices of inhabitants of the valleys of rivers Tigris and Euphrates in the present day Iraqi in about 4.000BC. History has it that in 1800BC, the Babylonians code of Hammurabi contained provisions which had elements of insurance in the laws that govern their commerce. But today what we have in the industry, both locally and internationally had moved from just an agreement between two persons into a very big industry across the globe.
Going by definition, we learn that insurance means a situation whereby someone protects his or herself against risk and reduce effects of uncertainties as well as distribute loss. Other explanation to this owe it to the situation whereby a certain amount of money when collected from someone by an insurance company agrees to pay a compensation or render services to that person if and whenever that person suffers the kind of loss specified in the insurance agreement; and from the explanation, this is where an insurance company comes into play since they are the people that will go into agreement with the person taking any insurance policy against any of his belongings. This industry has widely been believed as a means whereby people reduce the risk of unforeseen circumstances. As financial intermediaries, they act as middlemen between the surplus units and deficit units of the economy thereby sustaining the general growth of the economy.
One may ask, how do insurance companies generate the money used in compensating their policy holder when affected by any mishap? The answer to this question, will lead us into talking about the various means via which the insurance companies make their money and how their policy holders are compensated. The truth is that, the money they collect from their policy holder (i.e one that has an agreement with the insurance company) is invested in the form of premiums (an extra sum of money paid in addition to the normal cost of something. by BBC. Eng. dict) and that money is invested in Bonds, in stocks, mortgages (i.e house) and government securities (in our subsequent article, we will explain more of this: Bonds, stocks, mortgages and govt. securities). They generate income for themselves and those who are in their service. They invest their policy holder’s money in better business that has short term maximum returns on investment and from there meet their numerous needs when needed in claims and losses. These funds themselves are invested, that not only do they earn interest to be added to the funds, but they also benefit the government, public authorities, and industries whose securities the investment are spread, because of the investment policy of the insurer (we will explain later), their reserve funds are not left idle butt are used productively.
Another way via which the insurance companies compensate those who are in their service is that the contribution of many is used to compensate the few among them who were affected by the misfortune insured against. So the loss of few people is share by many. We hope that to this extend, you must have understood the above explanation about insurance company. Now the next thing we will be considering is the functions of the insurance companies. Amongst other functions, the main function of the insurance company is risk bearing, the financial losses of individuals are judiciously distributed among many people, for example, in the case of fire, the policy holder in fire insurance pays a premium into a common pool, out of which those who suffer loss are compensated.
Dubai Insurance Companies List
Insurance Companies in Dubai UAE : Top Insurance Companies in Dubai : List of Insurance Companies in Dubai with Contact Details. Choose from the best insurance companies in Dubai and compare prices, cost and reviews. Find the best price for insurance in Dubai UAE. Compare how much insurance cost in Dubai and save money. Find the top insurance companies, insurance agents and brokers in Dubai with company name, contact telephone numbers, email addresses, websites, Facebook link, location map, driving directions, deals, offers, prices, costs, company reviews and ratings. When it comes to buying insurance, the first step is to figure out whether you want to purchase through an insurance agent or direct from a company. While the two may seem one-and-the-same, the differences between the two can majorly impact your trucking business. This article aims to help you decide which option will work best for you and your trucking company.
When you choose to buy trucking insurance direct from a company, you are also choosing to buy one of the standard insurance packages. These packages were designed with a “one size fits all” mentality, so you might have to buy a package with coverage you don’t need in order to receive coverage you do need.
Contrary to popular belief, insurance agents do not have the ability to negotiate a policy rate. However, the agent will be able to provide you a list of options at different price points. By being independent, agents also have access to other carrier policies and are able to tailor the policy to best suit your needs. Additionally, the agents may reach out to insurance companies most people have never even heard of, or don’t know provide commercial trucking insurance, which allows them to find even more coverage options for the insured (you) to review.
As mentioned previously, when you choose to buy a standard insurance package direct from an insurance company, there’s a chance you’re overpaying. Since the package is not tailored to your needs, there may be coverages within it that you don’t necessarily want or need. Additionally, when it comes time for renewal these agencies will only show you rates from their employer since it’s their job to keep you insured with that company.
Agents own their own business, thus must generate income by charging the insured for the service provided. However, even with the additional fee, going through an agent usually results in a cheaper premium-sometimes up to 25%-due to their ability to price shop. Furthermore, when it comes to renewal, independent agents are able to reevaluate your premium based on new rates from multiple insurance companies. Therefore, the chance for cost savings increases.
One of the biggest differences between buying direct and buying through an agent is the experience. On one hand, when you call an insurance company to talk to someone about your coverage, odds are you’re going to get transferred to someone in a call center. Yes, you will be speaking with an individual who has passed the same exams as personal agents, and therefore can address all of your needs. However, the biggest difference is that the next time you call you most likely will not be speaking to the same individual you spoke to previously.
On the other hand, working with an agent allows you to form a personal relationship since you know that when you call you’ll be talking to either the agent or someone on their small team. These individuals will be familiar with your policy, instead of simply reading general information off a database. More importantly, insurance agents will be there to advocate for you during a claim.
We’ve all seen the commercials guaranteeing an insurance quote in 15 minutes or less, so for some it seems logical to go online and purchase insurance. If you are shopping for your best price though, it means you are spending 15 minutes on each insurance companies’ websites. Not only is this time consuming, but it results in multiple companies gaining your personal information (phone number, email address, etc.).
When you work with an independent insurance agent, the agent does the searching for you. So while it may take some time, it’s the agent who puts time into reaching out to all the insurance companies, not you. Agents also realize time plays a significant role in a trucker’s career, which is why they’re oftentimes quicker when it comes to certificate processing and binding.