
As a leading writer of commercial auto insurance, The Al-Buhaira National Insurance Company continues to see the theft rate for vehicles it insures in UAE increase year after year. Increased theft drives up the cost of auto insurance as higher premiums are needed to cover the cost of comprehensive coverage, that part of a policy that pays for theft.
To help its customers combat vehicle theft, Al- Buhaira, which sells auto insurance to individuals and businesses through independent insurance agents and brokers and also directly, has entered into an agreement with Sekurus International, the global leader in stolen vehicle recovery, to offer the SekurTrack Stolen Vehicle Recovery System to owners of vehicles, commercial vehicles and construction equipment at a substantial savings.
And in UAE, Al- Buhaira customers who have or will be installing a SekurTrack System recovery device can call their independent agent or Al- Buhaira to receive a new up to 15% discount on Comprehensive coverage.
The only system of its kind, each SekurTrack Stolen Vehicle Recovery System includes a small wireless radio-frequency transceiver that is hidden inside a vehicle. Once the vehicle is reported stolen to the police, the system computers match the Vehicle Identification Number to the SekurTrack system. After the match, the SekurTrack system is automatically activated, emitting silent radio signals from the transceiver. Using the SekurTrack technology Law enforcement vehicles and air units follow these signals to track and recover the stolen vehicle.
"The goal of this program is to help our customers protect their high-value vehicles and construction equipment and ultimately their livelihoods," said Mohammed Khalaf, manager, Al- Buhaira Motor Department. "The combination of discounted Comprehensive insurance coverage and SekurTrack vehicle recovery devices had proven effective in reducing vehicle and construction vehicle theft, Al- Buhaira will consider adding a discount on Comprehensive coverage using other reports that the system offers."
"Trafficking valuable construction vehicles has become a lucrative and growing business for thieves around the country," said Basel Al Salah, CEO, Sekurus International. "Stolen vehicles, dump trucks, pick-up trucks, trailers and other construction vehicles and construction equipment have a high resale price. A proven vehicle recovery system like SekurTrack provides business owners powerful asset protection to ensure projects remain on track and on budget."
The discounted Stolen Vehicle Recovery System is available to Al- Buhaira customers for their vehicles, commercial vehicles and equipment in the UAE. Installation of the System is included and there are no monthly fees.