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What do you know about compulsory and supplementary car insurance?

 Many car owners do not know that there is a difference between compulsory and supplementary insurance on cars, and they question the feasibility of the insurance fees they pay when making licenses under the name of "compulsory".

Compulsory car insurance, which was imposed according to the law, and its value is paid by passing on each car when the license is extracted or renewed and collected by the insurance companies. It has been approved in favor of the pedestrian, where they or their families can obtain a compensation value of 40 thousand pounds in the event that the driver causes a death accident With his car for an individual, for the benefit of his heirs, or 15 thousand pounds if he suffers from partial or complete disability.

The insurance companies pay when the vehicle data is present in the prosecution report, and in the event that the death is recorded in an unknown car, the government fund to cover the damages arising from accidents in rapid transit vehicles inside Egypt, will pay and everyone who was in the car and had an injury is entitled to receive compensation.

As for the supplementary insurance on cars, it is a special insurance coverage that the customer contracts with the insurance companies and gives compensation in the event that the customer suffers an accident with his car, and it must be taken into account in determining the tolerance ratios, which means the amount of the percentage that the customer will bear when re-repairing and maintaining the car after any An accident whose value varies from one company to another.

 There are 4 basic covers in the supplementary insurance policy for cars, the first of which is civil liability insurance, which is a limited coverage that includes only the payment of any damage caused by the customer when he accidentally collides with another car without obtaining compensation related to his car, and the second coverage is for insurance against fire and theft, in In the case of leaving the car for long periods in one of the private places, the third coverage combines civil liability, the risk of fire and theft, and the fourth coverage known as comprehensive coverage, which combines all the previous risks in addition to compensating the customer for any damage that may occur to his car when any collision occurs as a result of an accident, which is the most Frequently used.

Among the coverage provided by the supplementary car insurance policy is coverage (civil liability), which means any material damage that occurs to any person who is not insured as a result of the fault of the insured vehicle driver while driving the car and causes material damage such as damage to an electric pole on the road or part of a bridge or facades Shops or the car of others, etc. The insurance company is obligated to pay the cost of repairing this thing or more than one thing in a single accident within the limits of (ten thousand pounds) and the insured can obtain coverage greater than (ten thousand pounds) in exchange for an additional premium that he pays to the insurance company .

Supplementary insurance on cars shall be in the name of the fixed customer whose name is in the driving license of the insured car, and in some cases it is in favor of the bank that lends the customer to the car loan "if any", meaning that in the event of compensation, it is disbursed in the name of the bank named in the car license and the document or the company that gives the loan Whatever the type of compensation, whether it is partial compensation or total compensation, and in some cases some banks allow partial compensation to be disbursed in the name of the customer directly, and only requiring the payment of compensation resulting from the total loss of the car resulting from the total theft or the total fire or the severe compensation in the name of the bank.

In order for the document to be issued properly, the customer must clarify the title deed of the car. In the case of (zero) cars, insurance is made according to the release letter issued in the name of the power of attorney, who in turn sells the car in the name of the customer, and in the case of used cars, the document is the license or sales contract documented in the real estate registration In the name of the new owner or a power of attorney to sell the car certified by the notary.

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