Re-evaluation of vehicle insured value
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04 Aug 2025
communiqué
motor-insurance
Dear Valued Customer,
We’re reaching out to keep you informed about a recent change that may affect your motor vehicle insurance coverage.
You may be aware that as from 1st July 2025, new duties and taxes on motor vehicles have come into effect in Mauritius. As a result, there will be a general rise in vehicle market values across the island - including both new and pre-owned cars.
Why this matters to you?
Your vehicle's "Sum Insured" is the maximum amount your insurance can cover in case of a total loss (ex., accident, theft, among others). If this sum doesn’t reflect your car’s current market value, you may be under-insured, meaning the indemnity you receive might not be enough to replace your loss with a vehicle with one of similar value.
At SICOM, your protection and peace of mind are our top priorities. We would, in this context, encourage you to review and update your vehicle’s sum insured to ensure it matches the current market value.
What should you do?
Step 1 | Request a Vehicle Valuation
Please contact one of the independent surveyors to obtain an updated valuation of your vehicle.
Kindly note that survey fees are to be borne by you.
Step 2 | Communicate with us
Once you have your vehicle’s updated valuation report, simply email us the following:
- Your Name
- Vehicle Registration Number
- Copy of the Valuation Report
Step 3 | Updating Your Policy
We will update your current insurance policy with the new sum insured and adjusted premium and get back to you for your confirmation before finalisation of the updated policy .
In case you choose not to re-evaluate your vehicle, your current motor insurance policy will remain in force, which may not reflect your vehicle’s current market value at time of claim.
Thank you for your trust in SICOM General Insurance.
SICOM General Insurance Ltd
[email protected]
We’re reaching out to keep you informed about a recent change that may affect your motor vehicle insurance coverage.
You may be aware that as from 1st July 2025, new duties and taxes on motor vehicles have come into effect in Mauritius. As a result, there will be a general rise in vehicle market values across the island - including both new and pre-owned cars.
Why this matters to you?
Your vehicle's "Sum Insured" is the maximum amount your insurance can cover in case of a total loss (ex., accident, theft, among others). If this sum doesn’t reflect your car’s current market value, you may be under-insured, meaning the indemnity you receive might not be enough to replace your loss with a vehicle with one of similar value.
At SICOM, your protection and peace of mind are our top priorities. We would, in this context, encourage you to review and update your vehicle’s sum insured to ensure it matches the current market value.
What should you do?
Step 1 | Request a Vehicle Valuation
Please contact one of the independent surveyors to obtain an updated valuation of your vehicle.
Kindly note that survey fees are to be borne by you.
Step 2 | Communicate with us
Once you have your vehicle’s updated valuation report, simply email us the following:
- Your Name
- Vehicle Registration Number
- Copy of the Valuation Report
Step 3 | Updating Your Policy
We will update your current insurance policy with the new sum insured and adjusted premium and get back to you for your confirmation before finalisation of the updated policy .
In case you choose not to re-evaluate your vehicle, your current motor insurance policy will remain in force, which may not reflect your vehicle’s current market value at time of claim.
Thank you for your trust in SICOM General Insurance.
SICOM General Insurance Ltd
[email protected]
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