Everything you need to know about new car replacement insurance

| February 8, 2019

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Imagine getting a new car just for an accident to happen a few months later. In the worst case scenario, your car would be completely totaled. This leaves it up to your insurance company to decide how much money you’ll receive for a replacement. Without the proper insurance coverage, a brand new car that’s totaled can cost you enormous out-of-pocket costs. Since new cars lose value quickly, basic insurance coverage won’t suffice. This leaves you with the burden of thousands of dollars in replacement costs. In some situations, purchasing new car replacement insurance can be a smart add-on to an auto insurance policy. This extra coverage will help ease the burden of replacing a new car, especially when a payout is significantly less without the added insurance.

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Prime Insurance Brokers

Prime Insurance Brokers is one of the leading independent Insurance Brokers in the UAE, offering all types of Insurance and Risk Management services. We also provide Insurance Consulting, Claims Management & Processing, and Bancassurance services. With our head office in Abu Dhabi, and our representative office in Dubai, we provide comprehensive Insurance solutions and services to businesses and individuals across the region.

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Prime Insurance Brokers

Prime Insurance Brokers is one of the leading independent Insurance Brokers in the UAE, offering all types of Insurance and Risk Management services. We also provide Insurance Consulting, Claims Management & Processing, and Bancassurance services. With our head office in Abu Dhabi, and our representative office in Dubai, we provide comprehensive Insurance solutions and services to businesses and individuals across the region.

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