Insurers refrain from providing "comprehensive" coverage for imported vehicles

June 23, 2017
Photo credit: Bilderandi/Pixabay
According to Arabian Business magazine, Emirati insurance companies are abstaining from providing optional covers for the vehicles that are registered outside the Gulf Cooperation Council.
Photo credit: Bilderandi/Pixabay

The same source has also added that 90% of these vehicles do not have “comprehensive” policies, which represents future-lost earnings for local insurers.

The magazine also points out that in the United Arab Emirates, the average premium of a motor insurance contract amounts to 3 000 AED (816 USD). This amount varies according to the model of the vehicle, its country of registration, its age but also that of the driver and his/her driving experience.


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