Occidental Insurance drops 25 car models over expensive, scarce spare parts - News Summed Up

Occidental Insurance drops 25 car models over expensive, scarce spare parts


Occidental Insurance Company has blacklisted 25 car models because of their rare and obsolete car parts which has proven to be expensive or unavailable. In a statement on Friday, the company said it will not cover some models for Suzuki, Mazda, Hyundai, some Toyota brands and Renault. “We hereby wish to enlighten you that there exist some vehicles whose spare parts have become rare and/or obsolete and have therefore proven to be a challenge when settling claims. Other models mentioned include Daihatsu all models, Subaru Exiga, Toyota Gaia, Vios, Voltz, Honda Crossroad, Suzuki Escudo, Mazda Axella and Ford Escape. Also, note that all comprehensive vehicles must be up to 15 years of age for private vehicles and 12 years for commercial vehicles,” the statement further read.


Source: The Star February 15, 2019 10:41 UTC



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