UAE – Comp. motor declined for certain vehicles
Tuesday, 05 15 2018, Category: Insurance and Reinsurance, Country: U.A.E
Managers working at insurance brokerage companies said that most insurance companies operating in the local market are conservative or decline comprehensive motor coverage for certain types of vehicles. They only offer for these vehicles “Third Party” motor insurance coverage given that it covers affordable spare parts and maintenance for short periods.
The mentioned to “Emarat Al Youm” that companies are flexible for certain types of vehicles but the prices can go up as well as the deductible in order to avoid expected losses noting that it can be very conservative for imported cars which have more complex specifications compared to the vehicles locally available.
Source: Emarat Al Youm