UAE insurers deny full coverage for EVs

Source: Middle East Insurance Review | Aug 2024

The April 2024 floods in the UAE significantly impacted motor insurance, with a surge in claims for flood damage. Insurers struggled to process claims efficiently, prompting expedited claims procedures and additional support. Insurers in the UAE are also refusing to offer full comprehensive coverage for EVs due to high repair costs, lack of repair expertise and increased accident rates. We find out more from Dubai National Insurance’s Mr A R Srinivasan.

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