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Welcome to Ezega Business Guide at Ezega.com!

Ezega Business Guide at Ezega.com was created so Ethiopian companies can advertise their products and services online. Anyone can register on this Ethiopian Business Directory with a valid email address for free. You can enter your company profile, add logo, pictures, description, address and location of the business in Ethiopia. In one page, you can dsiplay all the details of your company and promote your business online. This way you will publicize your business not only inside Ethiopia, but aslo internationally. Ezega.com pages rank high in search engines, and so will your profile.

Ezega.com is the largest and most sophisticated site in Ethiopia today. It provides news and business information about Ethiopia. In addition to this Ethiopian Business Directory, Ezega.com has sections on Jobs, Real Estate, Classifieds, Entertainment, News, etc. 

Ezega.com also provides paid online advertisements and promotion solutions (such as banner Ads). Businesses and indviduals can buy banner Ads and promote their businesses online on Ezega.com. For more details, please call us at 0912-706091 or send email to contact@ezega.com -- Ezega Business Guide


Car Insurance in Ethiopia - Addis Ababa, Ethiopia

Africa Avenue
http://www.ethioinsure.com
0910 080 889
0910 080 889




Car INSURANCE IN ETHIOPIA

Vehicle insurance in Ethiopia, also known as car insurance in Ethiopia, motorinsurance in Ethiopia or auto insurance in Ethiopia) is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a vehicle. Vehicle insurance may additionally offer financial protection against theft of the vehicle.

Ethiopian Insurance Corporation provides motor insurance protects insured against financial loss in the event that the motor vehicle is involved in an accident, burnt or stolen. It also covers third party liabilities.

There are three types of insurance policies that can be issued to motor owners:

a) Third Party: This type of policy covers third party bodily injury and property damage arising out of use of motor vehicle.

b)Third party Fire & Theft cover
In addition to the cover in (a) above, the policy extends to cover theft and fire. It is more expensive than Third party.

c) Comprehensive cover
It covers third party liability and property damage to the vehicle i.e.damage arising out of fire, theft and accidental damage to the vehicle.

Comprehensive doesn’t mean that it covers all risks. There are exclusions.
Under motor insurance we give cover to private cars, commercial cars, vehicles used for general cartage, tankers, school buses, tour vehicles, tractors, Motor trade, Motor contingent liability, Motor cycles, etc.

Compulsory 3rd Party Insurance

In Ethiopia, it is compulsory to have vehicle insurance before using or keeping a motor vehicle on public roads. Proclamation No 799/2013 provides for a Compulsory Third Party Insurance coverage which covers the third party with the repairing cost of the vehicle, any property damage or medication expenses which are encountered as a result of an accident by the insured. Ethipian Insurance Corporation offers Compulsory Third Party Insurance coverage.

Excess

In Ethiopia an excess payment, also known as a deductible, is a fixed contribution that must be paid each time a car is repaired with the charges billed to an auto insurance policy. Normally this payment is made directly to the accident repair “garage” when the owner collects the car. If one’s car is declared to be a “write off” (or “totaled”), then the insurance company will deduct the excess agreed on the policy from the settlement payment it makes to the owner.

If the accident was the other driver’s fault, and this fault is accepted by the third party’s insurer, then the vehicle owner may be able to reclaim the excess payment from the other person’s insurance company.

Compulsory Excess

A compulsory excess is the minimum excess payment Ethiopian Insurance Company will accept on the insurance policy. Minimum excesses vary according to the personal details, driving record and the insurance company. For example, young or inexperienced drivers and types of incident can incur additional compulsory excess charges.

Voluntary Excess

To reduce the insurance premium, the insured party may offer to pay a higher excess (deductible) than the compulsory excess demanded by Ethiopian Insurance Company. The voluntary excess is the extra amount, over and above the compulsory excess, that is agreed to be paid in the event of a claim on the policy. As a bigger excess reduces the financial risk carried by the insurer, the insurer is able to offer a significantly lower premium.

Ethiopian Insurance Corporation, Motor insurance, Auto insurance in Ethiopia, Car insurance in Ethiopia, Insurance Agent in Ethiopia, Car insurance agent in Ethiopia, Insurance agent in Addis Ababa, Insurance in Addis Ababa.















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