If you don’t know what car insurance is and how it can benefit you then keep reading as Faydety explains everything.

8 Situations Covered by Car Insurance Policies | Faydety

If you don’t know what car insurance is and how it can benefit you then keep reading as Faydety explains everything.Car insurance is there in case your car is involved in an accident such as:&nbsp;<ul style="list-style-type:disc;"><li>The car is stolen or broken into.</li><li>Fire.</li><li>A premeditated harmful act by a third party as long as they are not an employee of the policy owner.</li><li>Traffic accidents.</li></ul>&nbsp;<h2>What is covered by car insurance policies?</h2>&nbsp;The insurance policy covers wear &amp; tear and loss that occur as direct result of any of the following hazards:&nbsp;<ul style="list-style-type:disc;"><li>Collision or rollover caused by an accident or sudden mechanical failure or as a result of daily wear &amp; tear.</li><li>Fire and explosions (internal or external).</li><li>Premeditated harmful act by a third party as long as they are not employed by the insured and the vehicle was not in the employee’s custody, possession or control or under the control of their family.</li><li>The car is stolen or broken into.</li><li>Attempted theft or attempted break in.</li><li>Damage caused during land or inland river transportation or while crossing water canals/channels from one bank to another, rail transportation or by using lifts or hoisting machines. This also includes loading and unloading activities related to the previously mentioned transportation methods.&nbsp;</li></ul>&nbsp;<h2>How to choose a car insurance company?</h2>&nbsp;There are several criteria that influence how you select a car insurance company; they include the company’s reputation, their prices, and the services they offer. To find more check our article, <a href="https://www.faydety.com/en/learn/نصايح-ببلاش-5/ازاي-تختار-شركة-تأمين-السيارات-اللي-هتتعامل-معاها--1747">How To: Guide to Choose the Right Car Insurance Company</a>.&nbsp;Acquire a <a href="https://www.faydetyinsurance.com/en/car-insurance">car insurance policy</a> through Faydety in just a few minutes right now!

How do you choose the right car insurance provider?

8 Situations Covered by Car Insurance Policies

Insurance is a contract, in the form of a policy, in which an individual or entity receives financial protection and/or compensation against losses from an insurance company. Insuring something means diverting the burden of payment for its loss from a personal responsibility to one that the insurance company bears on your behalf, in a certain percentage, depending on the type of insurance you have.&nbsp;&nbsp;The insurance company relies on calculating the probability of a loss or damage to an insured asset. If there is a high probability, then the insurance cost tends to be expensive; on the other hand, if the probability is low, the insurance cost tends to be relatively cheaper.&nbsp;Let's start with the basics.&nbsp;<h2>Insurance Policy:</h2>&nbsp;As stated briefly above, an insurance policy is a contract between you and an insurance company. This policy outlines your agreement's details and determines the claims that the insurer is legally required to pay in exchange for a premium. It essentially states that the insurer must pay for any loss or damage caused by risks covered under the policy.&nbsp;<h2>Insurance Premium:</h2>&nbsp;An insurance premium is a certain amount of money that you need to pay periodically in exchange for the maintenance of your chosen insurance policy. If you are unable to pay the premium, the insurance policy will be forfeited. If this happens and you decide you would like to keep your coverage, you may be required to pay a fine or charge a higher premium accordingly.&nbsp;<blockquote>The insurance company relies on calculating the probability of a loss or damage to an insured asset</blockquote>&nbsp;<h2>Types of Insurance:</h2>&nbsp;There are many different types of insurance. Though it is possible to divide them into two basic categories, under which the other types of insurance fall, the two categories are:&nbsp;<h2>Life Insurance / Health Insurance</h2>&nbsp;Life insurance is a contract between you and an insurance company where, in exchange for premium payments paid by you during your lifetime, the company will pay a sum of money to your beneficiaries after your death.&nbsp;&nbsp;Health insurance covers medical expenses that may arise due to illness. These expenses could entail costs of hospitalization, cost of medicines, or medical consultation fees.&nbsp;These insurance types are primarily based on individuals, although some countries go one step further and provide pet insurance. This is because, at times, the cost of medicines and veterinarian visits are higher than the costs of individuals.&nbsp;<h2>Property Insurance / Disaster Insurance</h2>&nbsp;This type of insurance reimburses an individual or business and protects a physical property against loss from theft, fire, natural disasters, etc. Property insurance covers the building or structure itself as well as its contents, whether personal or corporate, including furnishings, inventory, and other items.&nbsp;Get your <a href="https://www.faydetyinsurance.com/en">Insurance Policy</a> Now through Faydety!

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8 Situations Covered by Car Insurance Policies

How do you choose the right car insurance provider?

What is covered by car insurance policies?

How to choose a car insurance company?

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