How do we achieve peace of mind? That state of being where we go to sleep with no worries, where we don’t have know more info from

5 Banking & Insurance Products for Financial Peace of Mind | Faydety

How do we achieve peace of mind? That state of being where we go to sleep with no worries, where we don’t have bad dreams about “What If” situations? This state of mind is achievable if you make the right decisions.&nbsp;<h2>1- Home Insurance:</h2>&nbsp;Home insurance is a type of private property insurance policies. You can leave your home every day knowing that it is insured against hazards such as lightning strikes, explosions, fire, earthquakes, burglary, and damage from burst fresh water pipes among others.&nbsp;Get your <a href="https://www.faydetyinsurance.com/en/home-insurance">home insurance policy</a> through Faydety now!&nbsp;<h2>2- Car insurance:</h2>&nbsp;<h3>This type of insurance protects your car against hazards such as:</h3>&nbsp;<ul><li>Traffic accidents (collision or rollover).</li><li>Theft and robbery.</li><li>Fire.</li><li>Premeditated damage caused by a third party.</li></ul>&nbsp;Have your <a href="https://www.faydetyinsurance.com/en/car-insurance">car insured</a> through <a href="https://www.faydetyinsurance.com/en">Faydety</a> now!&nbsp;In cases of partial or total permanent disability the personal accident insurance policy has your back!&nbsp;<h2>3- Personal Accident Insurance:</h2>&nbsp;This insurance covers accidents and injuries caused by an accident anywhere in Egypt. It covers the following:&nbsp;<ul><li>Partial permanent disability.</li><li>Total permanent disability.</li><li>Temporary total disability (weekly payments are made by the insurance company).</li><li>Death.</li></ul>&nbsp;<h2>Examples of personal accidents:</h2>&nbsp;<ul><li>Traffic accident.</li><li>Fire.</li><li>Broken bones caused by an accident.</li></ul>&nbsp;Find out more on Personal Accident Insurance <a href="https://www.faydetyinsurance.com/en/personal-accident">here</a>.&nbsp;<h2>4- Emergency Savings Account:</h2>&nbsp;This could arguably be one of the best things you could do for yourself as you can always guarantee you have extra funds in an emergency.&nbsp;Check out our article: <a href="https://www.faydety.com/en/learn/نصايح-ببلاش-5/إزاي-تعمل-حساب-توفير-للطواريء-وامتى-تستخدمه-57">How to Start an Emergency Fund and When to Use It!</a>&nbsp;<h2>5- Investment Certificates:</h2>&nbsp;Certificates of Deposit and Time Deposits are banking products geared towards saving money. They are offered by most banks and the way they work is that you deposit a certain sum in the bank for a certain duration as a certificate and in exchange the bank pays you a pre-set percentage as interest.&nbsp;Find the best <a href="https://www.faydety.com/en/save/deposits">Certificates and Deposits</a> in Egypt with Faydety.

5 Banking & Insurance Products for Financial Peace of Mind

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 Banking & Insurance Products for Financial Peace of Mind

In troubled times who has my back?

1- Home Insurance:

2- Car insurance:

This type of insurance protects your car against hazards such as:

3- Personal Accident Insurance:

Examples of personal accidents:

4- Emergency Savings Account:

5- Investment Certificates:

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