Misr Insurance: War policy covers plane hijacking
Thursday, 03 31 2016, Category: Insurance and Reinsurance, Country: Egypt
Misr Insurance with is owned by Misr Insurance Holding has a market share of 100% in the aviation insurance market. Protection is offered to all different types of planes through this insurance against material risks whether during flights or on ground.
Concerning the hijacking of the Egyptian plan in Cyprus and the related-insurance covers, Mr. Mohamed Khalifa Deputy Chairman of the board of Misr insurance said that there is insurance coverage for the Aircraft Hull, equipment and liabilities and a war coverage that includes hijacking and with a limit of USD 1 billion noting that all the Egyptian airplane fleet is insured.