Kuwait Qatar Insurance Company (KQIC), a premier insurer offering both conventional insurance and Takaful products yesterday announced that it is offering competitively priced own damage car insurance policies for high end luxury cars. The preferential own damage car insurance rates start from 3.5%, depending upon the type, age and value of the car, which could range from KWD 30,000 upwards.
Speaking on this promotional offer, Mr. Darren Collinson, CEO of KQIC states, “Whether it is a Porsche, a Mercedes or a Maserati, the insurance policy needed to protect your luxury car should be as specialised and unique as the car itself. Driving a high end car is an experience as exotic as the car, and in order to maintain that car and the experiences it offers, you would need to insure it with a value plan, which would be customised to your requirements. Additional covers can come bundled free of charge making the package on offer that is hard to beat.”
He further added, “At KQIC, we believe that just because you own a Ferrari, it doesn’t mean you will be a high-risk driver. Traditionally, insurers have failed to adequately meet the requirements of such drivers and their vehicles by either declining to cover such risks or mandating high rates with prohibitive cover. We want to offer our customer a cover that he needs at an affordable price without compromising on the quality of the product. We factor this and many other parameters into a policy that fits your needs as a driver and ensures to tailor the policy to fit your requirements and budget.”
In addition, KQIC is also offering a special discount of 10% on its retail solutions for Home and Travel insurances. By crafting innovative tailor made solutions, which spans the full remit of insurance expertise, KQIC aspires to be the insurer of choice.
KQIC serves as a conduit in providing services across the GCC and helps connect overseas insurance interests through its global network. KQIC is a subsidiary of Qatar Insurance Group, which completed its 50th anniversary during 2014. Today, the Group has a global underwriting footprint spread across all continents.