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5 Things Every Car Owner Should Know About No-Claim Bonus in Dubai

Are you a car owner? Do you have car insurance? Are you aware of no claim bonus? In this presentation, we have detailed 5 things every car owner should know about No-claim bonus in Dubai. Please Read on!<br>Visit: https://www.omaninsurance.ae/

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5 Things Every Car Owner Should Know About No-Claim Bonus in Dubai

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  1. 5 Things Every Car Owner Should Know About No-Claim Bonus

  2. Are you a car owner? Do you have car insurance? Are you aware of no claim bonus? In this presentation, we have detailed 5 things every car owner should know about No-claim bonus in Dubai. Read on!

  3. #Number 1: NCB amount Majority of the car insurance companies in Dubai offer NCB in the range of 20 – 50 percent. If the policyholder does not make any claim during First year he gets 20 percent bonus, if he do not make any claim for Two consecutive years he gets 25 percent, if he doesn't make any claim for Three consecutive years he gets 35 percent, if he doesn't claim for Four consecutive years he gets 45 percent and if he doesn't claim for Five consecutive years he gets 50 percent bonus. However, if the policyholder claims during the policy year then he will not get the benefit of NCB in the next insurance renewal.

  4. #Number 2: NCB is applicable for policyholders and not their car Always remember NCB applies to the policyholder and not his car. For example, if he sells the car after two years and buys a new car, and has not made any claim during the period, then the previous NCB will apply to the new insurance policy taken for the new car.

  5. #Number 3: Forgo small claim amounts Before making any claim, policyholders must think about the claim amount they will receive from the car insurance company. It is recommended to compare this amount with the bonus amount. It is better to forgo small claim amounts!

  6. #Number 4: NCB is applicable upon switching the insurers NCB is applicable when changing from one car insurance online provider to another. For example, if a policyholder has purchased the best car insurance from Al Wathba Insurance Dubai for the first two years and then switched to Oman Insurance Company Dubai in the third year, and if during this period he has not made any claim, then he is entitled to get NCB of 25 percent from the Oman Insurance Company.

  7. #Number 5: NCB does not apply to the third party No claim bonus is only applicable to the personal damage premium and not on the third-party liability insurance premium. Hence, NCB does not apply to policyholders who have taken only third party insurance.

  8. Find below link for more information and best insurance services in Dubai, UAE www.omaninsurance.ae

  9. Thank You

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