What Happens If You Don’t Have Car Insurance?
The RTA law mandates car insurance for every vehicle in the UAE. Insurance reduces stress in the event of an accident by financing any damage or loss to the insured vehicle. You can also get personal accident coverage, third-party liability cover and robust customer support to avoid any hiccups. Working with an intermediary makes it easy to obtain the most suited insurance policy. The best broker has certified professionals who conduct a risk assessment and tailor solutions to your needs. No wonder the insurance broker market size reached $359.5 million in 2021 and may cross $599.6 million by 2028. These agents are a significant link between car insurance companies and policyholders. They are known for their notable contribution to economic progress. So, don’t get stuck with insurance coverage. It could lead to more problems than just bearing the cost of repairs. Here’s what you should know. Severe Penalties A fine of 500 AED can be levied if the traffic police catch you wi...