New Car Insurance Policies/Rules
Jan 5th 2017, 5:08 am
#1
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Location: Abu Dhabi
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New Car Insurance Policies/Rules
Just renewed my policy with AIG. 2010 Pajero 3.5, was 1,590 AED for 2016, had no claims, paying 2,340 AED this year. Was the cheapest of the 4 quotes I got.
Anyhoo, question I have is that AIG have specifically noted on the policy that neither a replacement hire car nor cash equivalent is included in the policy, however all the info I have read about the changes indicate it is a mandatory requirement for insurers to include this. Hopefully not an issue, however what's your thoughts on whether I'd be able to convince them to provide it if worst came to worst?
Higher insurance premiums to hurt 35% of UAE drivers | GulfNews.com
UAE announces new price limits for car insurance - Khaleej Times
Car insurance costs in the UAE set to rise in new year | The National
Anyhoo, question I have is that AIG have specifically noted on the policy that neither a replacement hire car nor cash equivalent is included in the policy, however all the info I have read about the changes indicate it is a mandatory requirement for insurers to include this. Hopefully not an issue, however what's your thoughts on whether I'd be able to convince them to provide it if worst came to worst?
Higher insurance premiums to hurt 35% of UAE drivers | GulfNews.com
UAE announces new price limits for car insurance - Khaleej Times
Car insurance costs in the UAE set to rise in new year | The National
Jan 5th 2017, 8:18 am
#2
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Location: Dubai
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Re: New Car Insurance Policies/Rules
I'd say you'd be pissing into the wind if it specifically say its not included even if it's a mandatory requirement. Then it would depend on how much fuss you'd be bothered to make.
As for the cost, thats crazy. Did you tell them it was too much and to reduce it. Several of my friends have got a healthy discount if you just say no, thats too much. They have loads of discounts they can add on. My friend used to work for one of the biggies so I used to get all the discounts straight off....
750 AED for a modified 4.0 Wrangler (an old girl admittedly)
750 AED for a 2yr old Suzuki GSX-R 750
You could also ask what the insured rate is. Normally the policy is a percentage of that.
As for the cost, thats crazy. Did you tell them it was too much and to reduce it. Several of my friends have got a healthy discount if you just say no, thats too much. They have loads of discounts they can add on. My friend used to work for one of the biggies so I used to get all the discounts straight off....
750 AED for a modified 4.0 Wrangler (an old girl admittedly)
750 AED for a 2yr old Suzuki GSX-R 750
You could also ask what the insured rate is. Normally the policy is a percentage of that.
Jan 5th 2017, 9:08 am
#3
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Joined: Sep 2009
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Re: New Car Insurance Policies/Rules
I'd say you'd be pissing into the wind if it specifically say its not included even if it's a mandatory requirement. Then it would depend on how much fuss you'd be bothered to make.
As for the cost, thats crazy. Did you tell them it was too much and to reduce it. Several of my friends have got a healthy discount if you just say no, thats too much. They have loads of discounts they can add on. My friend used to work for one of the biggies so I used to get all the discounts straight off....
750 AED for a modified 4.0 Wrangler (an old girl admittedly)
750 AED for a 2yr old Suzuki GSX-R 750
You could also ask what the insured rate is. Normally the policy is a percentage of that.
As for the cost, thats crazy. Did you tell them it was too much and to reduce it. Several of my friends have got a healthy discount if you just say no, thats too much. They have loads of discounts they can add on. My friend used to work for one of the biggies so I used to get all the discounts straight off....
750 AED for a modified 4.0 Wrangler (an old girl admittedly)
750 AED for a 2yr old Suzuki GSX-R 750
You could also ask what the insured rate is. Normally the policy is a percentage of that.
GSX R 750 sounds like a bike, so no idea what the rate for that is this year.
Jan 5th 2017, 10:01 am
#4
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Joined: Jul 2008
Location: Dubai
Posts: 2,843
Re: New Car Insurance Policies/Rules
all these frigging insurance changes.....does my goatee in.....my current premium cost me an arm and leg and so gawd knows how much it's gonna cost when I come to renew it in Oct!
Jan 5th 2017, 12:04 pm
#5
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Re: New Car Insurance Policies/Rules
I really don't get the idea of a minumum insurance cost! What's the logic in that?
Seems like the free market comes with a few quirks in the UAE.
Seems like the free market comes with a few quirks in the UAE.
Jan 9th 2017, 4:26 am
#7
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Re: New Car Insurance Policies/Rules
Jan 9th 2017, 5:10 am
#8
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Re: New Car Insurance Policies/Rules
Jan 9th 2017, 5:36 am
#9
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Re: New Car Insurance Policies/Rules
They can try. We have a corporate rate. I've been hiring off them for years..... in fact I haven't paid their going rate for years. They know not to take the piss.
Jan 9th 2017, 9:06 am
#10
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Posts: 656
Re: New Car Insurance Policies/Rules
