The biggest advantage of comprehensive car insurance is the peace of mind that a person gains when obtaining an insurance policy from a reputable company. And the one will be reassured and have confidence that, God forbid, in the event of exposure to an accident, the insurance will come with him and help him by compensating him to fix the car. This enables you to bear the cost of the repair expenses from your pocket, which, with the current market prices, reaches double the price of the car insurance subscription in possible relatively minor accidents, so imagine if it was a big accident and you have to pay it out of your pocket if you do not have insurance for your car.
The difference between comprehensive insurance and compulsory auto insurance
Before entering into the details of comprehensive auto insurance coverage, it is necessary to clarify the difference between it and the compulsory insurance that we obtain in traffic during the car license and the difference is that compulsory car insurance:
It is used to cover death or disability cases that afflict any person from car accidents if they occur in Egypt, with a maximum of 40,000 EGP compensation in cases of death or permanent total disability.
Covering losses incurred by others’ property, up to a maximum of ten thousand pounds, excluding vehicle damage
As for the supplementary (comprehensive) car insurance, its basic coverage is:
1- Damage or loss to which the car is exposed in cases of:
Collision or vehicle rollover due to an accident
Fire, thunderbolt, external explosion, or self-ignition
Intentional act of others
During transport or lifting and launching
2- Cases of burglary, theft, and any damages resulting from it and from attempting it
How to calculate car insurance price:
Car insurance rates vary from one company to another, and it is also possible for the same insurance company to have more than one program with different features to meet the needs of different customers. The annual insurance contribution is calculated as a percentage of the market price of the car if used or the purchase price if the car is new.
It is the possibility of insuring a part of the total value of the car, and in return the compensation is proportional in the event of a claim. (Example: insurance on the value of the remaining amount in favor of the bank in the case of buying the car in installments – so that the insurance covers the value of the bank’s loan from the total value of the car, and in the case of a compensation claim, it is equal to what the insured value represents “the loan value” from the total market price of the car)
The main points of comparison between the different auto insurance programs:
These points remain important that you know about them at the time of purchasing the policy, in order to maintain a fair comparison between the different programs, not only based on the price, but also on the set of benefits that you get from the policy.
It is the part that the customer pays from the cost of repair / compensation – the idea of bearing that it allows you to participate in the insurance company in the compensation, which makes you more careful not to lose, unlike if you cannot bear it at all and it remains in two types of bearing
A percentage stated on the policy will be borne by the customer of the repair cost
If this increased the deductible, the policy price would decrease
It is possible to drop the deductible 0%, which would make the policy price higher, but you are assured that a company will pay all the cost of the repair except for the fixed bearing.
In most programs, it has a higher tolerance for repair within the agency, and it can be deleted as desired by the customer
It is an agreed value in the policy that the customer will bear in any compensation, for example the customer bears the first 200 pounds of the repair value for each accident
2- A network of maintenance centers contracted with the insurance company to provide direct repair:
Each company is contracting with a number of service centers specialized in repairing cars of different types. It would be better for you to repair through the centers within the network because this provides you with the advantage of repair without paying cash from your money, except for the deductible percentage if any, and the account is paid through the insurance company to the maintenance center directly.
3- Police report:
In order to request compensation from car insurance companies, you need to present the police report to prove the accident. But according to the policy, you may not be required to report the police for compensation that is less than a certain value (for example compensation compensation whose cost is less than ten thousand pounds)
The acceptable compensation value without the need for a police report would be a good advantage in the event that you need to use insurance to repair minor accidents, and you expect that its value will not be more than the limit mentioned in the policy. Thus, you save yourself time and effort to make a police report.
4- Additional Features:
Roadside assistance services (winch, battery, fuel supply if it runs out)
Provide a replacement car
Additional insurance covers for the driver and passengers against disability and death due to an accident
Additional features can be found as luxuries or additions that are not important, given that they increase the price of the policy. But in time when you are exposed to the situation, the value will be greatly appreciated, such as roadside assistance or alternative car services.
How to issue a car insurance policy:
After settling on the appropriate policy and determining the price, a date will be arranged to inspect the car, if it is used by a representative from the insurance company, and during the technical examination, the condition of the car is confirmed, and if it has any damages, it is excluded from the coverage
But if Arab Zero, some companies do the inspection, and others accept the answer of the exhibition, to issue the policy without inspection, and after the completion of the stage, the payment is made and the policy is received immediately or delivered to the customer.