UAE – Maximum price for high accident frequency
Tuesday, 02 06 2018, Category: Insurance and Reinsurance, Country: U.A.E
Managers and officials in the insurance sector said that insurance companies operating in the local market apply the maximum price on motor insurance contracts for drivers who have a high frequency of accidents noting that the driving record is one of the main factors contributing to the pricing of the contract.
The emphasized that the disciplined driver should be rewarded and the drivers who have unclean records should be motivated to drive safely and decrease the number of accidents.
They mentioned to “Emarat Al Youm” that some insurance companies refuse to new the contracts of drivers who have unclean records and who cause repeated accidents, so these insureds should look for alternative companies.
Source: Emarat Al Youm