All you want to know about types of car insurance in Egypt
There are many types of car insurance in Egypt that may include private cars or commercial cars, so insurance companies set different policies in the types of car insurance to suit many people and companies.
What are the types of car insurance in Egypt?
Types of car insurance in Egypt are divided into:
- Compulsory car insurance.
- Comprehensive (supplemental) car insurance.
There are many conditions and contracts to obtain one of the previously mentioned types of car insurance, so you should carefully check the details and terms of each type to choose the best one for you.
First: compulsory car insurance
Compulsory insurance is one of the types of car insurance in Egypt. It covers Damage to citizens or their property, but note that it is the type of car insurance proposed for public vehicles, not private ones.
This compulsory car insurance must be obtained as a necessary document for any Car to have permission to be used and driven on public roads.
Compulsory car insurance must be paid while obtaining the car license. The owner has no right to refuse or accept this type of car insurance, as indicated by the name; it is the compulsory type of car insurance policy.
The cost of this type of car insurance in Egypt may vary depending on the car type, engine capacity, and other factors.
Second: Comprehensive (supplemental) car insurance:
As we mentioned, there are two types of car insurance, the second type is supplemental insurance which many car owners prefer to have as a backup if any emergencies or accidents happen and for peace of mind.
Types of car insurance policies (supplemental one) for different cars:
Supplemental insurance covers different types of policies, such as:
- The Insurance policy for private cars.
- Insurance policy for commercial purposes
- Insurance policy for license plates.
The Insurance policy for private cars
Private car insurance policies are one of the types of supplemental car insurance that cover any car which is used for personal purposes But this type of car insurance companies doesn’t cover Race cars.
Insurance policy for commercial purposes
This is one of the types of car insurance policies in Egypt that is designed for cars that have commercial purposes such as taxis, buses, rented cars, and some types of private cars that have commercial purposes such as agricultural tractors, ambulances, and fire trucks, and others.
Insurance policy for license plates
This is one of the types of car insurance which is designed for license plates on newly imported cars or cars that are still in the auto show, which means they are still in the possession of those who manufacture or trade-in cars or the maintenance centers that repair them.
Types of car insurance (supplemental one)
The types of car insurance vary according to the different insurance policies that can be contracted, and what is exactly covered.
The supplementary car insurance can be divided into several policies types, such as:
- Liability coverage. Protects you if you cause damage to others and/or their stuff.
- Third-party, fire, and theft (TPFT)
- Collision coverage. Covers your car if you hit another car, person or non-moving object.
- Comprehensive coverage.
The Liability insurance pays for property damage and/or injury to another person caused by an accident for which you are responsible. also is divided into 2 parts: property damage and bodily injury.
Third-party, fire, and theft (TPFT)
Third-Party Theft and Fire Protection (TPFT) means you’re covered for three specific areas.
First, damage to someone else’s vehicle.
Second, if your vehicle accidentally catches fire. You are also insured for theft or attempted theft of your vehicle.
So if your car is stolen and the police can’t find it, third-party theft and fire insurance should cover the cost of its replacement.
Third, TPFT also covers third-party claims, which means that in case you cause damage to another vehicle due to your driving.
It covers you in the case that your car is damaged in an accident with another vehicle or object, such as a fence or a tree.
Just think about the cost of repairing or replacing your vehicle if it were damaged or destroyed in an accident.
Buying collision coverage might give you some peace of mind after a wreck if you can’t afford to fix or replace your car.
Car insurance with a fully comprehensive policy is the most comprehensive policy you can purchase to protect your vehicle.
This policy usually includes everything in the previous policies, as well as adding extra coverage for your own vehicle, yourself, and any other passengers.