Saudi Arabia – Insurance policy for property valuation
Friday, 10 30 2015, Category: Insurance and Reinsurance, Country: Saudi Arabia
The ministry of commerce and industry announced that a new insurance policy for property valuation will be launched soon in collaboration with insurance companies, indicating that the policy contract will aim at covering the mistakes committed by experts when evaluating a real estate property. Moreover, the ministry said it agreed with the ministry of justice to link electronically the real estate registry indicating that this move will decrease the transaction period to three days.
Source: Okaz Newspaper