Insurance companies to stop insuring imports?
Friday, September 25, 2009
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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