Egypt – Comprehensive motor ins. should be compulsory
Saturday, 11 03 2018, Category: Insurance and Reinsurance, Country: Egypt
The Major General Magdi Al Shahid said that a new traffic law should be introduced in order to make comprehensive motor insurance compulsory in Egypt as has been the case with compulsory Third Party Liability. He called for the security media, insurance companies and the police to intervene in order to explain the importance of compulsory insurance and its benefits.
Moreover, Mr. Al Shahid explained that motor insurance has two types. The first is Third Party that compensates for the damages caused by the vehicle. The second is comprehensive motor insurance that has many versions.