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Intentional crossing of wadis may forfeit right to compensation: CMA

23 Oct 2023 Intentional crossing of wadis may forfeit right to compensation: CMA By OUR CORRESPONDENT

Muscat – In the wake of tropical cyclone Tej, Capital Market Authority (CMA) has warned vehicle owners not to intentionally cross wadis as this may forfeit their right to compensation.

As Cyclone Tej bore down on the Dhofar and Al Wusta governorates, weathermen forecast rainfall between 50mm to 300mm.

The accompanying rain, combined with anticipated flash floods and surging sea waves, prompted the CMA to urgently appeal to citizens, residents, property owners, as well as proprietors of industrial units and retail establishments, to exercise extreme caution.

The authority underscored the importance of adhering to the safety directives for the protection of both lives and assets. It urged people to stay updated on meteorological developments through alerts disseminated by the Civil Aviation Authority and adhere to the guidelines set forth by the Royal Oman Police (ROP).

The CMA elaborated that a strict compliance of safety guidelines is not only essential for the well-being of individuals but it is also vital for lessening property damage – which in turn helps minimise potential financial setbacks for both individuals and entities.

Drawing attention to the nuances of the Unified Motor Vehicle Insurance Policy, the CMA clarified that while comprehensive insurance does cover damage caused during natural adversities like storms, cyclones, and flowing wadis; it mandates that policyholders exercise due diligence in safeguarding their vehicles.

The authority cautioned against the perilous act of wadi crossing and emphasised adherence to the ROP directives.

‘Any deviation, especially intentional defiance leading to vehicular damage, could result in the policyholder’s relinquishment of compensation rights.’

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