MUSCAT – Insurance companies were granted a one-month grace period to prepare for the new requirements.

The revised policy introduces mandatory coverage for natural disasters and adverse weather conditions across all motor insurance policies, including compulsory third-party insurance. Under the amendments, material damage to insured vehicles resulting from such events will now be covered automatically.
Among the key updates are clearly defined timeframes for claim settlements and streamlined procedures to improve efficiency. The policy also introduces compensation for delays in vehicle repairs beyond specified periods, subject to regulations to be issued by the Authority. Additionally, policyholders will have the option to receive cash compensation for accident-related damages instead of having repairs arranged by the insurer.

The amendments further expand the list of consumable spare parts that must be replaced with new components – without depreciation deductions – to 37 items.