UAE – Insurance of vehicle tires introduced
Thursday, 07 28 2016, Category: Insurance and Reinsurance, Country: U.A.E
Insurance companies are proposing insurance contracts providing protection in case the vehicle tires explode or are damaged because of a rise in temperature.
The contract covers the replacement of five tires starting with an insurance premium of AED 1 on a daily basis. The coverage can also extend to five years at different prices where insurers will be liable to provide a financial compensation of up to AED 1500 for every tire.
Moreover, there is an insurance product providing different levels of insurance coverage of tires for a period of 12 months against AED 250, 24 months against AED 450, and 36 months against AED 600.
Source: Al Roeya - UAE