Insurance companies to stop insuring imports?

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Owners of second hand vehicles from Asia and other imported models, especially from China may find themselves in the lurch because some insurance companies appear reluctant to provide them with motor cover.

It is understood that major players in the insurance industry will soon meet to decide on the fate of the imports and some models from China such as GoNow, citing shortage of spare parts as a major concern.

While a number of insurance companies have confirmed that they have stopped insuring the GoNow range, some owners of other Chinese models such as CAM (Rhino) have told Mmegi about concerns for the  future of their vehicles. A source from one of the major insurance companies, who spoke on condition of anonymity said that it is true they are no longer covering the GoNow range.

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