Saudi Arabia – Insurers add premium for additional driver
Thursday, 08 30 2018, Category: Insurance and Reinsurance, Country: Saudi Arabia
The drivers were surprised when insurance companies charged additional fees for including an additional driver. However, the spokesman of insurance companies Mr. Adel Al Issa told “Al Watan” yesterday that there are no additional fees for adding a driver but all additional drivers trigger a pricing based on their insurance record. All additional drivers trigger a pricing based on their insurance record in addition to the insurance record of the policyholder (the insured).
Furthermore, Mr. Al Issa confirmed to “Al Watan” that additional drivers can be added to the insurance contract and that was a usual practice followed by insurance companies. However, when additional drivers are added, discounts are provided based on insurance record according to the directives of the Saudi Arabian Monetary Authority.
Source: Al Watan Online