what is comprehensive car insurance

 what is comprehensive car insurance Blog Image
19 February 2023

Comprehensive car insurance grants you extensive and multi-layered protection of your automotive against different risks and possible vehicle-related damages. In Egypt, comprehensive car insurance provides financial coverage not only for instances of accidents but also for cases such as theft, vandalism, natural disasters, and the like. 

How to calculate comprehensive car insurance? 

The cost of fully comprehensive auto insurance is determined by various factors which include the value of your car, your driving history, the place where you stay, and the coverage options you choose. Here's an overview of how to calculate comprehensive car insurance: 

Determine the value of your car: The percentage that is covered by comprehensive car insurance can be different. The actual cash value (ACV) of a car is normally covered by comprehensive insurance plans. This is because the real value of the car, after the deduction of the depreciation rate, is what is meant by the actual cash value. 

Choose your deductible: The deductible is the money you pay out of your pocket before your insurance plan starts to pay for the services. 

Consider additional coverage: Highly rated insurance policies usually cover the damage to your car by events, such as theft, vandalism, fire, and natural disasters. In addition, you will have the ability to choose a plan with coverage features like roadside assistance, rental car reimbursement or glass replacement. 

and this will be a plus to the best price that the Brokerage will negotiate for you. To know how to calculate comprehensive car insurance, we only use the following equation: 

Insurance price = Car value * Insurance rate + Fees and administration costs. 

On this insurance premiums starts from 1.5% and so on, depending on the terms and features of the insurance company that provide the service. 

When is comprehensive car insurance recommended? 

Comprehensive car insurance may be the better choice if you want your car to be covered with a higher level of protection. In Egypt, this learning will show its relevance because of the many driving conditions and the danger on the road. Here are some conditions and scenarios where comprehensive car insurance from the Brokerage insurance company would be advisable: 

Vehicle Value: If your car is comparatively new or high in value, then comprehensive insurance may protect you financially from theft, vandalism, and other damage such as floods or storms. 

Urban Areas: In case you live or commute in crowded urban areas where the risk of accidents, theft, or vandalism is higher, comprehensive cover offers a guarantee to your peace. 

Frequent Travel: Comprehensive coverage becomes important in the case of frequent travel, especially long distances as highways of course have more accidents. In such cases, comprehensive coverage can lessen your financial burden, for instance for the repairs or replacements. 

Customized Coverage: Extended insurance policies can be modified to comprise features like roadside assistance, vehicle personal contents, or transport to another location in case of covered damage. 

What are the types of car insurance in Egypt? 

 

Compulsory car insurance: 

comprehensive car insurance in Egypt is not only a legal obligation but also a vital investment for every driver. Being a policy that covers a large area and offers financial safety on the road, comprehensive insurance provides both comfort and security when driving around Egypt's busy roads. 

The main question is, Why Comprehensive Car Insurance is necessary in Egypt? 

Legal Requirement: Law in Egypt requires comprehensive car insurance. Driving without insurance may mean fines, license suspension, or even legal consequences. 

Financial Protection: Egypt’s busy roads and unstable driving rules also result in more accident rate and damages to vehicles. Comprehensive insurance is meant to cover any unforeseen situation. This relieves you of the financial burdens in case of damage thus saving you on the repair or replacement costs. 

Peace of Mind: If you choose to buy fully comprehensive car insurance, you can drive with reassurance that the cover you have is adequate against many risk factors – from little accidents to major disasters. 

Comprehensive supplementary car insurance. 

The second type of insurance is the additional one which many car owners prefer to have as a backup in case an emergency or accident happens and for peace of mind. 

Supplemental insurance covers different types of policies, such as: 

Private car Insurance. 

Insurance policy for commercial purposes 

Insurance policy for plates. 

The Supplementary car insurance can be divided into several policy types, such as: 

Liability coverage. If you cause damage to someone else or their personal belongings, this coverage provides coverage. 

Temporary Third-Party, Fire and Theft (TPFT). 

Collision coverage. It pays for your car in the event it hits another car, person, or an unattended object. 

 

Why is Brokerage one of the best companies that provide comprehensive car insurance programs in Egypt? 

 When it comes to finding the best coverage for car insurance on the Egyptian market, Brokerage stands out for several reasons. Here’s why: 

Comprehensive Coverage: Brokerage program relevant to car insurer deals with the broad variety of risks and damages such as theft, fire, vandalism, and accidents. This implies that you can drive with comfort knowing that your vehicle is shielded from any kind of worst-case unanticipated occurrences. 

Competitive Prices: Affordability is one of the things that brokerage comprehends with regard to coverage without sacrificing the quality. Through their competitive prices, their comprehensive car insurance is accessible even to drivers who have different budgets; such drivers can acquire quality protection for their cars. 

Flexible Options: Brokers offer customers the freedom to customize their insurance policies, allowing customers to select the coverage that matches their individual requirements. Whether you need only basic coverage or you want to go an extra mile and add more protection options, Brokerage is guaranteed to cover you. 

Excellent Customer Service: Customer service is one of Brokerage's features which has been perfectly developed. The insurance team is always ready to provide customer service support to anyone within the realm of their questions on claims processing, policies adjustments and so on. 

Transparent Conditions: The terms and conditions of your policy must be well understood. Brokerage makes sure that there is transparency by clearly explaining the conditions of commercial hands vehicle insurance. It is this clarity that allows the customers to take fully informed decisions without surprise when they make a claim. 

In general, Brokerage company stands as one of the best firms for comprehensive car insurance in Egypt since it offers the most complete coverage, reasonable prices, flexible conditions, high-quality customer service, and open and legalities.