Monday 23 October 2017

Only 45pc Saudi vehicles insured due to premium rise

Riyadh, June 18, 2014

Only 45 percent of vehicles on Saudi Arabia’s roads are insured, owing to a four-fold rise in premiums, said a report.
An official of Najm Company that deals with road accident cases in the country on behalf of the Traffic Department, emphasised the need to have all vehicles insured in order to protect the rights of all parties, said the Arab News report.
The increase in premiums could not be justified and lack of insurance resulted in legal problems at accident scenes in the country, it said.
A proposal for authorities to consider approving the use of photographs taken at accident scenes by drivers involved in collisions has been put forward, said the report.
It will allow cars to be moved out of the road and reduce traffic congestion, and for the speedy resolution of cases.
Insurance company representatives are studying this proposal and would make suggestions that would avoid complications over compensation, it said.

Tags: Vehicles | premium | rise | insure |

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