What to look while buying marine insurance Dubai?

Just suppose that your boat is damaged due to any reason and you didn’t get the supreme marine insurance in Dubai. What would you do then? How can you cover the damage?

You buy the boat after investing a huge amount and a small scratch on your boat would be painful. The shopping off right marine insurance could be extremely helpful to get through with these awful situations. In fact, sometimes, you would get the right insurance policy, but, its premium won’t fit your budget. So, what the factors are important to look before buying the marine insurance.

1.   Decide what’s your aim of buying marine insurance

Its sound weird, but actually, this factor matters a lot. The reason for buying the marine insurance could also direct you to which clauses do you want and which you don’t need. Surely, this will also leave a positive or negative impact on your budget.

If you’re buying only for protection, then, the terms and conditions would be different, but, anyhow, some people also purchase the insurance policy to protect against the third party liability.

2. Know the factors that can influence the premium

Each vessel of the boat has a different level of risks. So, according to the vessel type, boats are also categorized.

As compared to dinghy or a jet ski, the yacht has the different risk assessment. So, the insurer will determine the risk factor and potentials according to your boat and the premium will also be calculated on the basis of all these factors.

3. Compare and evaluate

This is the basic rule while buying the marine insurance Dubai. Don’t stick to one option, go multi-dimensional. Narrow down the list of insurance companies offering the best discounts and deals and then, finalize the awesome one.        

Don’t worry about getting details of the marine insurance Dubai, because AFIA insurance will help you to know each and everything about it.