Washington, DC (PRWEB) August 28, 2017
Classic vehicles are a great source of pleasure and pride to UAE motorists who lavish them with dedicated, specialist (and often expensive) care and attention. As a result classic vehicles represent a significant financial investment to their owners. Because classic cars are appreciating assets that hold or even grow in value each year they have been difficult to protect in the local insurance market. Now valuable classic vehicles in the UAE can finally enjoy the insurance protection they deserve and be Driven®.
Driven® Classic and Future Classic Insurance provides bespoke coverage for iconic vehicles over 10 years old. For the first time, owners of sports cars, classic cars, kit cars, limited edition, imported and restored cars in the UAE can obtain essential insurance coverage for their valued vehicles.
Driven® provides a physical damage, fire, theft and road risks insurance solution with no maximum vehicle value and no annual depreciation. Since there is no depreciation applied to the agreed value of the insured vehicle, Driven® is the perfect solution for protecting vehicles that hold or appreciate in value over time. Specifically designed for the classic car enthusiast, Driven® offers attractive premium discounts for reduced annual mileage, multiple vehicles and members of recognized UAE owners clubs. Driven® also offers bespoke protection for large vehicle collections and static displays of classic cars.
“Because of the annual depreciation factor applied by motor insurers, owners of older iconic vehicles in the UAE have struggled to insure their investments, leaving them exposed in the event of accident damage, fire or theft” says Chris Baker, Regional Director of Clements Worldwide in Dubai. “Driven® coverage enables classic car owners to drive and enjoy their vehicles with full peace of mind and at reasonable cost.”
Driven® is offered by Union Insurance Company PSC working in partnership with Clements Worldwide to provide this unique insurance solution. Driven® is the only classic vehicle coverage in the UAE which is underwritten with the financial security of Lloyd’s of London.
To learn more and obtain a quote, visit http://www.driveninsurance.ae/
About Union Insurance PSC
Union Insurance, which is licensed by the UAE Insurance Authority and is listed on the Abu Dhabi Securities Exchange, has its corporate offices in Ajman and Dubai. It was established in 1998 with paid-up capital of over AED 330 million. The company provides a comprehensive range of retail and commercial insurance products to clients in the UAE and the Middle East region. Led by some of the most experienced and respected professionals in the industry, Union Insurance offers innovative, superior-value insurance coverage.
About Clements Worldwide
Clements Worldwide is a leading insurance provider for expatriates and international organizations. Founded in 1947, Clements offers international car, property, term life, health, specialty and high risk insurance in over 170 countries. With offices in Washington, D.C., London, and Dubai, Clements delivers comprehensive coverage, superior customer service, and unparalleled claims response. To learn more and receive a quote online, visit https://www.clements.com.