UAE – Replacement car without extra-premium
Thursday, 07 13 2017, Category: Insurance and Reinsurance, Country: U.A.E
The Insurance Authority said that family members (spouse, parents and children) are covered by the new insurance contract and are not excluded but not extra-premium is allowed to be charged in order to cover them.
Moreover, it confirmed to “Emarat Al Youm” that the replacement car stipulated in the insurance contract is compulsory and is a right for the affected third party. The rented car is also covered by the new contract.
However, two brokers said that insurance companies revert to additional premiums in order to cover passengers including family members or they price them independently. This applies also to the replacement car obtained by the insured when the insurance claims are settled.
Source: Emarat Al Youm