Are you planning to drive in Qatar? In that case, you might have many questions about third-party insurance in Qatar. In this article, you’ll learn everything you need to know about third-party insurance. So, keep reading!
When it comes to car insurance, there are typically two types of policies: third party and first party. What’s the difference?
Third party car insurance is the most common type of policy. It covers you if you injure someone or damage their property while driving your car. It also covers you if your car is stolen or if it is damaged in a fire or an accident.
A third-party coverage is one where the insurer pays for damages for which the policyholder is not liable, and in a first-party coverage, the insurer defends and pays the claim made by a third party against an insured person.
3rd Party Insurance In Qatar
What Is Third-Party Insurance? Third-party insurance is a basic cover that protects you from financial liability in the event of third-party loss, property damage, accidents, or death of any third party.
The 3rd Party Motor Insurance is an excellent option for clients to ensure they have the minimum required level of coverage. You can buy third-party liability insurance from Beema if you are seeking an affordable car insurance quote.
However, the policy lacks several features that could prove costly, such as the fact that it does not provide coverage for damage to the car you own. A proper vehicle insurance policy should cover both your own vehicle and third-party liabilities.
Best 3rd Party Insurance Companies In Qatar
There are several car insurance companies in Qatar. Here are a few of them:
Qatar Insurance Company
Qatar Insurance Company (QIC) is one of the top insurance agencies in Qatar and offers a variety of insurance products and services to both individuals and businesses. Some of the products and services offered by QIC include motor vehicle insurance, property insurance, health insurance, travel insurance, and business insurance.
Qatar Insurance Company is considered to be one of the best 3rd party insurers in Qatar. They offer a number of competitively priced products that are designed to meet the needs of all types of customers. In addition, QIC is known for providing excellent customer service and has a reputation for being reliable and trustworthy.
QIC also offers “Off-Road 360,” a coverage for accidents involving 2,3 vehicles on unpaved roads and in desert areas in any part of Qatar. The plan provides physical and material damage coverage to both the insured and third parties. Apart from this, QIC also covers destruction of the car resulting from a natural peril (flood, sandstorm, earthquake, etc.) and civil commotion (riots).
If you’re looking for the best 3rd party insurance in Qatar, Qatar Insurance Company is a great option. You can visit their website to learn more about the insurance products they offer.
Arabia Insurance Company
Arabia Insurance Company (AIC) has been offering insurance products in Qatar since 1944. AIC provides a number of different types of insurance for both individuals and companies, including car insurance, homeowners insurance, health insurance, business insurance, liability insurance, etc.
AIC is considered to be one of the best 3rd party insurers in Qatar because they offer affordable products that are suited to meet the needs of all types of customers. They are also known for providing excellent customer service, which has helped them build a solid reputation in the community.
If you’re looking for 3rd party insurance in Qatar, AIC is a great option. They offer a wide range of products and services and have a long history of providing quality insurance coverage to customers of all types.
AIC is also one of the most cost-effective third-party insurers in Qatar. Visit their website to learn more about the insurance products and services they offer.
Doha Insurance Group
Doha Insurance Group (DIG) is a prominent and well-known insurance company in Qatar. They offer an array of services which include both family and commercial lines insurance, employee benefits, credit insurance, engineering insurance, and more.
Doha Insurance Group is one of the best 3rd party insurers in Qatar for a few reasons. Firstly, they offer a wide range of products and services that are designed to meet the needs of all types of customers. Secondly, they are known for providing excellent customer service, which has helped them build a strong reputation in the community.
Finally, DIG is one of the most affordable 3rd party insurers in Qatar, so you can be sure you’re getting the best value for your money. Visit their website to learn more about the insurance products they offer or get.
AXA, a Gulf insurance company is one of the most popular insurance providers and has been present in Qatar for over 35 years. The company provides its customers with a wide range of insurance services including casualty, property, and health insurance. AXA provides both motor & vehicle third-party insurance at competitive prices with fast claim service.
You can get a 10% discount by getting your motor insurance online from AXA in Qatar. The third-party insurance policy provides coverage for bodily injury as well as material damage that is undergone by the insured automobile’s third party.
AXA offers additional benefits as part of its motor insurance: Coverage for off-road matters, Assistance for roadside issues, Repairs at AXA repairing workshops, In case of a total loss of the car, Recovery for car breakdowns, compensation for the entire cost is provided without devaluation for 12 months, and Replacement coverage in the event of a claim.
Find out more about the insurance products they provide or get by visiting their website.
Libano Suisse Insurance
Libano-Suisse Insurance Company provides excellent customer service and high-quality insurance products. The company serves over 200,000 clients and has more than 250 employees. This company offers products and services to both individuals and businesses. Libano-Suisse Insurance Company provides a range of motor insurance products to suit everyone.
Third-party Liability insurance provides coverage for both the interior and exterior destruction of the other person’s vehicle due to the insured vehicle’s accident. Furthermore, this proposal includes Collision and Total Loss plans. In a compulsory insurance policy, the policy covers material and bodily damage to the insured vehicle and the driver, as well as to all third parties.
All-risk motor insurance plans, such as “Markaba”, include coverage for damage to the insured as well as damage to third-party vehicles. The plan also covers bodily injury. It also offers personal accident protection and roadside assistance. With the “Markaba Plus,” you can get even more benefits that compensate for damages due to natural disasters, partial theft, strikes, and riots.
To learn more about the insurance products they offer or can get, visit their website.
The following are a few other third-party car insurance companies in Qatar:
- Commercial Bank of Qatar (CBQ)
- Doha Bank
- General Takaful
- Qatar National Bank (QNB)
- Qatar Islamic Insurance Company (QIIC)
Difference between third and first party insurance
First party car insurance, on the other hand, covers you and your car. It pays for damages to your car if you are involved in an accident, regardless of who is at fault. It also pays for medical expenses and lost wages if you are injured in an accident.
So which type of policy is right for you? That depends on your needs and budget. Third party car insurance is typically less expensive than first party insurance, but it doesn’t provide as much coverage. If you want comprehensive coverage, then first party car insurance is the way to go.
Think about what would happen if you were involved in an accident. Would you be able to pay the medical bills and lost wages? Would you be able to handle repairs for your car if it was damaged in an accident? If the answer is no, then first party car insurance may be more suitable.
On the other hand, if your car isn’t worth that much and you don’t have a lot of personal property to protect, then third party car insurance might work better. Third party policies are typically cheaper than first party coverages, so they could save you money month-to-month. But third party policies also tend to offer fewer benefits overall.
Benefits Of Third-Party Insurance
There are several benefits of third-party insurance. Third-party insurance is less expensive than comprehensive insurance. Third-party insurance offers the following benefits:
- Legal protection and financial assistance: Third-party insurance will cover you financially if the third party dies or becomes disabled, or if their property or vehicle is damaged. If third-party claims against you, this will protect you from legal and financial liability.
- Peace of mind: Third-party coverage gives you peace of mind in the event of serious accidents that drain your finances. Therefore, instead of worrying about these expenses, you will get immediate relief from stress and help in dealing with the incident.
- Easily available: The third-party insurance industry is easily accessible online and is easy to buy or renew due to its legal mandate. You can take advantage of this service when it is convenient for you.
- Cost-effective and beneficial: Third-party insurance plans have very affordable premiums that anyone can afford.
In the case of third-party insurance, you comply with the requirements of the Motor Vehicles Act. However, be careful when choosing your insurance provider. Get a car insurance online quote from a trusted insurance company to ensure you get the best coverage for your needs.
What Doesn’t Third Party Insurance Cover?
There is one thing you need to know: Liability insurance is for the benefit of a third party, not for the first party who is insured. The following things are not covered by third-party insurance:
- Physical Damage To Your Vehicle: A third-party policy does not cover damage to the first party’s vehicle. In the event that the third party is found at fault and has third-party insurance, the insurer will compensate you.
For repairs to your vehicle, you will not receive money from your own liability coverage. It is third-party insurance that only pays out to third parties, not to you. This insurance does not cover damages if you are the only vehicle involved in a collision, and the only damage is to you or your vehicle.
- Your Medical Bills: Third-party insurance does not cover your medical bills.
- Uninsured Driver Medical Bills: When another driver causes a collision and does not have third-party coverage, your liability coverage will not cover your medical bills or damage.
Why Is The Cost Of Comprehensive Car Insurance More Than Third-Party Insurance?
Comprehensive coverage costs more than third-party insurance because of its extensive coverage. It includes both third-party liability coverage and its own damage coverage. Moreover, if you add add-ons like zero depreciation, breakdown assistance, gearbox and engine protection, etc., the comprehensive cover’s premiums increase.
Does No Claim Bonus (NCB) apply to comprehensive and third-party car insurance?
No. NCBs only apply to comprehensive insurance plans. There is no NCB (No Claim Bonus) on third-party car insurance policies. Under third-party insurance, if you don’t file a claim, you won’t get the renewal benefit. However, under a comprehensive policy, if you do not file a claim, you will earn NCB, which can be applied to your renewal premium.
What Does Third Party Insurance Cover?
In third-party car insurance, the following risks are covered:
- Third-Party Property Damages: This insurance covers your legal responsibility towards third parties if you damage their property with your car.
- Third-Party Injuries/Death: This provides compensation for third parties injured or killed by your car.
- Owner-Driver Personal Accident Coverage: This plan provides compensation to the owner-driver of the insured car in case of accidental death or disability.
What Is Third Party Fire & Theft Insurance?
A third-party fire and theft policy protects you against third-party liabilities, as well as loss or damage if your vehicle is stolen or damaged in a fire. While third-party insurance will only cover your liabilities to third parties.
In other words, third-party fire and theft is a form of protection that covers you if you cause any damage to another vehicle or someone else’s property.
We hope this list of the best Third party insurance in Qatar and recommendations for each type has been helpful. If you have any questions about what we’ve discussed, please don’t hesitate to contact us – we would love to help!