Qatar – Insurers encourage the sale of “scrap” vehicles
Wednesday, 10 19 2016, Category: Insurance and Reinsurance, Country: Qatar
The trade of vehicles, which suffered from an accident became much of a trade. Insurance companies try to sell these vehicles in order to limit claim payments. Some citizens confirmed that these insurers encourage the person affected by a large accident to sell it in order to avoid insurance costs, so they try to persuade the car owner that he will not find a car repair workshop that can fix fully the car.
They clarified in a discussion to “Al Arab” that this policy followed by insurance companies with respect to severely damaged cars does harm the national economy, indicating that such a massive sale of car will cause huge imports of cars with the same percentage and a potentially higher cost.
Source: Al Arab - Qatar