UAE – Motor insurance not responsible about catastrophes
Thursday, 02 09 2017, Category: Insurance and Reinsurance, Country: U.A.E
Insurance sector experts said that insurance companies are not responsible about the damages, which affected vehicles due to natural catastrophes, indicating that the unified insurance contract imposed by the ministry of economy and the Insurance Authority does not cover accidents, damage and losses resulting from natural catastrophes.
The United Arab Emirates witnessed heavy rains and strong winds during the past week. This caused a large number of accidents such the fall of crane on a number of cars in the Sheikh Zayed street in the emirate of Dubai.
Source: Al Bayan – UAE