Saudi Arabia – Recovering insurance of sold vehicle
Thursday, 03 16 2017, Category: Insurance and Reinsurance, Country: Saudi Arabia
The rights of government authorities and companies are very well documented. They obtain their due amounts in moments. However, the rights of individuals are ignored. Despite the technological revolution, most of the insured do not know that they can recover the insurance coverage when they sell their vehicles, so the old insurance remains on old vehicle even though ownership does not change except by paying for a new insurance.
Therefore, insurance companies ask customers who sell their cars to a new owner to prove ownership transfer in order to recover the remaining insurance value.
Source: Al Riyadh