Insurance is used to protect you and your family from the financial hardships caused by certain risk factors. These risk factors include you or your family members falling ill, having a car accident, or passing away.

When considering buying insurance, ask yourself these three questions:

-Do I need this type of insurance at all?
When browsing through the different types of insurance find out what each type of insurance covers and whether you really need it or not. As a note most companies in the UAE offer health insurance to their employees, therefore you may not consider it necessary to personally buy your own health insurance.

-How much of this type of insurance do I need?
Study the different policies related to the chosen insurance. Some policies vary in how much they cover. Some have a deductible. Others exclude certain types of damage. Weigh the differences among policies and decide which one tailors to your needs the most.

-Where will I buy it?
If you are working on your own, ask around. See what insurance companies your friends and colleagues are using. You could also check the yellow pages for their listings of Insurance companies. If you are working with an agent, opt for independent agents as they represent several insurance companies as opposed to captive agents that only deal with one company.
And once you’ve answered all these questions you’ll realize you’ve just completed the three step process to obtaining insurance.

For an online directory of insurance companies and brokers in Dubai, check out www.yellowpages.ae