UAE – Old vehicles are not insured
Tuesday, 09 26 2017, Category: Insurance and Reinsurance, Country: U.A.E
Insurance customers complain about the refusal of insurance companies to insure old vehicles. Insurers say that these old vehicles are very risky whereas the Insurance Authority says that the refusal to insure licensed vehicles is illegal.
Customers confirmed that vehicles that are aged more than five years do not obtain insurance coverages, so they wonder about the legality of such actions.
Source: Al Roeya