Insurance 101: A Guide to Understanding the Importance of Diversifying Your Insurance Policies

01/30/2023 - read

When everything seems to be going smoothly in life, it's easy to become complacent and assume that you don't need insurance. You have a well-paying job, a brand-new car, a fully-equipped home, and you feel ready to handle any challenges that come your way. 

However, it's important to remember that life is unpredictable and unforeseen circumstances can arise sometimes. 
Don't let complacency fool you; protect yourself for the unexpected "rainy days" with comprehensive insurance policies!

Preparing for emergencies has always been a crucial aspect of financial planning, dating back to the 1600s when insurance was first conceptualized as a means of protecting yourself. Preparing for the unexpected is a necessity, and insurance is still one of the best ways to secure your future.

Insurance is designed to protect and alleviate financial burdens during times of crisis. Multiple types of insurance cater to different needs, so let's explore the most popular and necessary ones. With Beema, learning about insurance doesn't have to be boring; we make insurance loveable! 🧡

Car Insurance 🚘

Besides being a legal requirement for car licensing, the main purpose of car insurance is to protect you from the financial liability incurred by physical damage during road accidents and other damages such as: theft, fire, or even total loss!

Car insurance can be divided into two categories, first-party coverage for the policyholder or third-party coverage for damages to other people's vehicles.

Learn more about Beema’s different car insurance policies and customize your policy to meet all your needs! 

Looking for ways to save on car insurance? Consider Insurtech providers like Beema that offer innovative solutions like Pay Per Kilometer and Smart Driver. 🚗
Unlike traditional insurers, we take into account factors like your mileage to determine your premium. The less you drive, the lower your risk, and the more you save. With up to 25% off your premium, it's a smart choice for savvy drivers.

Smart Driver is all about paying fair for your car insurance. If you get fined for driving irresponsibly, it makes sense that you get rewarded for driving responsibly, right?  
That’s the beauty behind incorporating technology into the insurance world, insurance is now fair to everyone!

Home Insurance 🏡

Think of your home as your castle, a safe haven where you can relax and unwind. But life happens, and it's important to be prepared for anything. 
Don't wait for disaster to strike; safeguard your home and your peace of mind with the right insurance coverage.

A home insurance policy is the best way to protect your valuables from any damage or theft due to fire, water leaks, or other accidental damages. Don't let unexpected events ruin the memories and sentimental value of your home.

Evidently, the needs of a homeowner differ from the needs of a tenant. 
For Homeowners we recommend a customized insurance plan including building insurance and the option of home replacement during essential repairs. As for tenants, a well-suited insurance includes contents insurance and liability coverage. 
The good news is, Beema has tailored policies to match your exact needs!

Travel Insurance ✈️

Travel insurance is a must-have for any trip. It may seem like an added expense, but it's a small price to pay for the stress relief it provides. With travel insurance, you'll have protection against trip cancellations, medical emergencies, and lost or stolen luggage. 🧳

Don't leave your next vacation up to chance; get travel insurance and make sure you're protected under all circumstances. Make the smart choice and invest in a travel insurance policy. You will not regret it!

Not only is it often a legal requirement for international travel, but it's also the only way to roam the world worry-free!

Whether you are traveling the world or coming to enjoy the beauty of the UAE, you can choose the plan that perfectly suits your needs.

It’s no secret that insurance is a vital component in protecting yourself, your loved ones, and your assets. Whether it be for your car, home, health, or travel, having the right insurance policies in place can provide great peace of mind. 😇

It's important to be prepared for unpredictable situations, not just financially but also mentally. 
Insurance can take away the financial burden and the constant worry of being prepared for the unexpected. It's an investment worth making for a secure future. 
Don't wait for something to happen; take control of your future by getting the Beema insurance coverage you need today!

Related articles

Start driving with Beema

Fancy our stories? Then you’ll love our car insurance. It is simple and hassle free, just like insurance should be.

Discover more

Insurance 101: A Guide to Understanding the Importance of Diversifying Your Insurance Policies

% to the end

The end