UAE – Motor repair costs to decrease
Saturday, 03 31 2018, Category: Insurance and Reinsurance, Country: U.A.E
The Emirates Insurance Association and the commission of car agencies agreed to decrease gradually the cost of car repairs at the official car agencies for the next 5 years according to a schedule.
Moreover, the representatives of car repair agencies agreed during a meeting held last Sunday under the initiative of the customer protection department of the ministry of economy to submit a schedule for cost decreases to be offered to all insurance companies in the country within a maximum of the 1st of the next month of April.
It is worth noting that this initiative follows the complaints of insurance companies about excessive repair costs including spare parts and labor costs, which led insurers to look for alternatives in other car repair workshops.
Source: Al Ittihad