Ambareen Musa, Founder & CEO of Souqalmal.com, explains how the recent changes in UAE car insurance laws will impact you. Here’s what she had to say:
If you missed the big news about changes in car insurance laws in the UAE, here’s a quick recap.
Significantly higher insurance coverage
Car insurance providers have been directed to increase coverage for claims in the event of an accident resulting in damage to property from AED 250,000 to AED 2 million. That’s a whopping eight times higher than before!
Compensation for a replacement car
It will now be mandatory for insurers to compensate you for the cost of a replacement rental car after an accident. Under this provision, you can claim compensation of up to AED 300 per day, for a maximum of 10 days.
For full article go to AMEinfo.