Comprehensive guide to car insurance
It is comprehensive insurance coverage that protects the car owner from
potential accidents involving many elements, such as collision, theft, fire,
etc. The insurance company will pay for damage to your car, then repair it, pay
the cost of the car, or provide an amount of money equivalent to the market
value of your car, in the event that the car is completely destroyed.
It is called supplementary insurance
Insurance is an insurance agreement between the insurance company and
the subscriber to which a certain amount of money is paid in the event of an
accident.
Advantages
of obtaining comprehensive car insurance:
One
of the benefits of comprehensive car insurance is the peace of mind that a
person gets when he obtains a policy from a reputable insurance company. The
person is confident that in the event of an accident, he will find insurance
and compensate him for repairing his car. This does not make the person
responsible for the car repair expenses, which, with prices in the current car
market, can reach twice the price of subscribing to car insurance in accidents
that may be minor. Imagine if it was a major accident and you had to pay out of
pocket if you didn't have car insurance.
Car
insurance is now available online. With Online Insurance, you'll be able to
compare comprehensive car insurance offers and get the best rates with
excellent customer service. Through the insurance website, you can compare
offers and prices from different companies instantly. You discover all the
details to choose what suits you and make the decision to purchase insurance.
With the knowledge you have gained about banks, confidently decide which bank
you want to open an account with.
Online insurance is the cheapest place to get car insurance. Getting car
insurance only costs you online insurance, you can get the best insurance at
the best rates and you can easily renew your car insurance online.
1-
Choose the best deals online.
Get the offers you want instantly online within minutes.
2-
Know the details of the
offers and compare them to choose the best offer.
1-
You can save money on your
car insurance price because you can get quotes from different companies.
3-
Assist in documentation and
issuance procedures to obtain the document as quickly as possible (within the
same day).
The difference between comprehensive insurance and compulsory car
insurance Compulsory car insurance allows drivers to drive cars without
insurance coverage, and drivers must pay for it. Comprehensive car insurance
does not cover damage to the car, but drivers pay a monthly fee for it.
The main difference between compulsory insurance and comprehensive
insurance is that the former covers only cars while comprehensive insurance
also includes cars, motorcycles, bicycles and scooters.
The maximum compensation for injuries or deaths resulting from car
accidents in Egypt is $40,000 per accident.
If there are losses to the property of others, and these losses exceed
ten thousand pounds, excluding vehicle damage, these losses are covered before
they exceed ten thousand pounds.
As for
supplementary car insurance, its basic coverage is:
If the car leaks fuel and the exhaust pipe catches fire, 1.2. If the
wheels, tires or body of the vehicle are damaged, or 1.3. If the engine,
transmission or front suspension is damaged.
Collision or car overturn due to an accident
Fire, lightning, external explosion or spontaneous ignition
The intentional act of another
During transportation, lifting and lowering
2 cases of burglary, theft, and an
attempt to do so.
How to
calculate the price of car insurance:
Different insurance companies offer car insurance with different
features, and you may find the same insurance company, where each of its
programs has different features to meet the needs of different customers. The
annual cost of the annual insurance subscription is calculated by multiplying
the monthly payment ($20) by the number of months ($24). It should be based on
a percentage of the market price of the vehicle if purchased or the purchase
price if the vehicle is new.
Principle
of relativity:
It
is the possibility of insuring a percentage of the entire value of the car,
with the option to repair the car in the event of a claim. For example,
insurance for the value of the remaining amount in favor of the bank in the
case of purchasing the car in installments, so that the insurance covers the
value of the bank loan from the total value of the car, and in the event of a
claim for compensation, at a rate equal to the price of the loan payable to the
bank. The equivalent value is the amount that equals the insurance value (loan
value) out of the total value of the car.
The main
differences between different car insurance programs are:
It is important to know these points at the time of purchase, so that
there is a fair comparison between different programs, not only on the basis of
price, but also on the amount of benefits provided by the policy.
Endurance:
The customer's portion of the repair cost is considered for damage,
injury or death. The idea behind the forbearance clause is to make you share
with the insurance company in compensation, which will make you more cautious
in the future. There are two types of forbearance: the first is that the
insurance company will not pay more than a certain amount of compensation, and
the second is that the compensation will be reduced in the event of an accident.
Optional
tolerance:
There will be a percentage stated in the document that the customer will
bear of the repair cost.
If the tolerance level increases, the policy price will decrease.
You can leave the deductible at 0%. This makes the policy price higher,
but gives you a guarantee that the company will pay all repair costs, except
for the fixed deductible.
Most programs allow for cheaper in-dealer repairs, and this may be
omitted to the customer's benefit
Forced
endurance:
It is a value stated in the policy where the customer pays for any
repairs regardless of their responsibility. For example, the customer pays the
first 200 pounds of the repair value for each accident.
