Did you know you can have pension insurance and receive an extra pension in addition to the social security pension? insure your antiques, artifacts, 

5 Insurance Policies That Are Not Very Popular in Egypt | Faydety

There are many types of insurance policies available on the market in Egypt but only a few are well known.&nbsp; Which is why Faydety decided to introduce some of the lesser known policies such as insurance on imported goods, antiques, and medical equipment.&nbsp;<h2>Imported Goods Insurance</h2>&nbsp;If you import goods such as chemicals and their byproducts for example then it is possible for you to insure them. The insurance policy protects your merchandise from dangers while being shipped and unloaded. The policy lapses once the goods reach the port or within 30 days of reaching the port if they are being temporarily stored for any reason.&nbsp;The insurance policy price and terms differ from one insurance company to another and also depends on the merchandise being insured. The client does have the right to specify the duration of the policy as long as it does not exceed 30 days after the merchandise reaches the port.&nbsp;<h2>Electrical Equipment Insurance Policy</h2>&nbsp;This encompasses electrical equipment for communication including new mobile phones, telephone exchange (what we call central), radar, wireless and radio networks, TV &amp; radio receivers and transmitters, satellite stations, and many other electrical equipment.&nbsp;&nbsp;This type of policy covers damage caused by lightning strikes, fire, electric malfunction, explosions, liquid damage, and premeditated acts of sabotage.&nbsp;<h2>Medical Equipment Insurance Policy</h2>&nbsp;As a doctor you can insure any medical equipment in your clinic such as MRIs, X-Ray machines, radiology devices, laser devices, and analysis and diagnostic equipment. The policy covers the insurance of the medical equipment.&nbsp;<h2>Antiques and Rare Artifacts Insurance Policy</h2>&nbsp;The type of insurance policy covers land, sea, and air transportation of any antique or artifact in general. Coverage begins as the artifact is being packaged and includes transportation, shipping, loading and unloading as well as the duration the artifact is put on display in another country or location. The policy ends once the piece is back to its original location.&nbsp;&nbsp;<h2>Pension Insurance Policy</h2>&nbsp;This is not social security. It is an additional pension that you can get from the insurance company in addition to the regular social security pension. For this type of insurance policy the insured’s family may receive the pension even after the insured’s demise.&nbsp;&nbsp;One condition is that the insured must have a stable income from either a private or governmental job, also the later the policy is acquired before the insured reaches 60 years of age the larger the premium will be.&nbsp;&nbsp;Most insurance companies that offer this service are concerned with the applicant’s health, age, and if they have a stable income.

What do you know about insuring medical equipment?



5 Insurance Policies That Are Not Very Popular in Egypt

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!

What do you know about the Insurance system in Egypt? and what's its Policies, Premium, and kinds? All you need to know about insurance

5 Insurance Policies That Are Not Very Popular in Egypt

What do you know about insuring medical equipment?

Imported Goods Insurance

Electrical Equipment Insurance Policy

Medical Equipment Insurance Policy

Antiques and Rare Artifacts Insurance Policy

Pension Insurance Policy

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