The Occidental Insurance Company, in a letter dated February 14 addressed to all its business partners, asked them to cease covering 25 vehicle makes and models.
The vehicle models mainly Honda, Suzuki, Mazda, Hyundai and some varieties of Toyota will no longer get comprehensive cover at the firm, with the firm citing rare and expensive spare parts.
The company also prescribed an age limit for private and commercial vehicles it will insure going forward.
The letter lists Honda HRV, Crossroad, CR-Z and Insight, Suzuki Swift, Alto and Escudo, six models of Mazda, all models of Daihatsu, Subaru Exiga, all Renault models, seven models of Toyota including Prius (hybrid) and Opa among others, as well as Ford Escape and all models of Hyundai.
The company will also not insure private cars older than 15 years and commercial vehicles older than 12 years.