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    A very simple question with a quick answer if you have access to your insurance policy certificate. And even if you don’t, it’s only an extra couple of easy steps!

    Assuming you have access to your vehicle insurance policy certificate, take a look through the document. Usually under the “Premium Details” section, you should find a field titled “Estimated Insured Value Of The Vehicle”, in which you will find your answer.

    However, if you do not have access to the insurance policy certificate for whatever reason, don’t worry, it is still possible to find the information you’re looking for. First, you will need to make sure you have the Policy Number to hand. If you don’t you can easily find it written on your Vehicle Licence document issued by the RTA.

    Once you have the policy number, contact your insurance provider: explain your current situation, request the info you need, and provide your policy number when asked about it.

    It’s important to know:

    ● The insured value of the vehicle does not necessarily reflect the accurate market value of your car.
    ● Some Insurers may value your car with an amount ranging from X to Y and leave the choice to you to select the amount you consider to be fair. Generally speaking, even if you supply a vehicle value to your Insurer, they will “sense-check” it to make sure it is realistic based on data they hold. It is not possible to insure a 10 year old regular saloon vehicle for AED1M for example! No matter how much your vehicle is valued at, you need to be aware that the amount you choose will affect the premium you pay.

    It is understandable to feel overwhelmed with insurance-related questions before you get the hang of everything. Just remember that our friendly insurance advisors at InsuranceMarket.ae are here to help you with all the questions you have.