Sharjah insurance

Profile

A milestone in the history of Insurance within the UAE, SHARJAH INSURANCE was established in 1970 under the decree of H.H. the Ruler of Sharjah and is registered with the U.A.E. Federal Ministry of Economy under Registration No.12. Sharjah Insurance Company (SICO) has the distinction of being the first National Insurance Company to have been established in Sharjah. Since its inception, SICO has endeavored to be the leading and prominent provider of quality and affordable insurance products and services. We take pride in our visionary leadership, professional competence and continued dedication to our clients. Sharjah Insurance Company (SICO) is a UAE Public Share Holding Company listed in Abu Dhabi Securities Market and its share is traded as a premier stock. SICO offers its clients complete comprehensive solutions as required, by combining technical and basic products there by gaining the trust and confidence of our valued clients. Sharjah Insurance is comprised of a growing team of professionals with international and local experience who would meet the needs of the most discerning of clients, augmented by efficient and timely claims service. A strong financial backbone supported by reputed, world renowned reinsurers which enables us to keep our short-term and long-term commitments to our clients and partners.

Comprehensive Motor Policy

Motor Vehicle Insurance against Loss, Damage & Third Party Liability Section One:

Loss or Damage Covers the Loss or Damage of the Insured Vehicle, its accessories and spare parts whilst thereon:

1. By accidental collision or overturning.

2. By Fire, External Explosion, Self-Ignition, Lightning or Thunderbolt.

3. By Burglary or Theft.

4. By Malicious act of any third party.

5. Whilst in transit by various transportation (including the process of Loading and Unloading incidental to such transit.)

Section Two: Third Party Liability Covers the Insured’s and / or Driver’s Legal Liability for compensation towards Third Parties arising from the use of the insured vehicles in respect of:

1. Death of or bodily injuries to any person including the passengers in the vehicles except the insured or the driver at the time of the accident and their families and the employees of the insured.

2. Damages for materials and property except those owned by the insured or the driver at the time of the accident.

Motor Vehicle Insurance Against Third Party Liability Only

(Third Party Motor Policy)

Covers the Insured’s and / or Driver’s Legal Liability for compensation towards Third Parties as explained in section two of Comprehensive Motor Policy.