Increase in car value up to 50% in body insurance policies does not require an initial visit

According to the financial news, the car insurance management of Iran Insurance Joint Stock Company announced by issuing a circular: Considering the recent fluctuations in the value of cars in the market and in order to facilitate the process of providing services to insurers and preventing losses caused by the application of the article 10 insurance laws in possible damages and with the approach of speeding up the process of issuance of addendum, the possibility of increasing the value of the insured up to 50% of the capital of the insurance policy does not require an initial visit expert.
According to the Iran Insurance Public Relations Report, the implementation period of this circular is from 1st of February of this year to 22nd of this year, and its implementation is provided that there is no history of issuing an addendum, increasing the value of the insured item without conducting an expert for the insurance policy and not declaring the loss before the date. Issuance of addendum.
It is worth mentioning that in order to encourage and motivate the insurers of body insurance to benefit from the new coverage for the compensation of damage caused to non-standard vehicles, providing the said coverage to the applicants who have a passenger insurance (according to the provisions of Circular No. 909892/1401), without the need to do The expert of the initial visit in the mentioned time frame is also unimpeded.