The insurance companies authorized to issue the policies of the Compulsory Traffic Accident Insurance (Soat)They may issue them for a minimum of 15 days for people who enter Colombia through the border areas, such as those of Ecuador and Venezuela.
“One of our bets in foreign trade is the integration of Latin American countries, which goes through promote the construction of economic corridors that allow physical and economic integration, mainly between border regions. This measure will undoubtedly allow us to facilitate and expedite this relationship with our neighbors”, said the Minister of Commerce, Industry and Tourism, Germán Umaña.
(Also read: What happens if the SOAT expires and you lose coverage?)
He added that this is “one of the mechanisms that adds to this purpose is to allow citizens of these neighboring countries to obtain this policy for days and not for at least one month, as is the case today. This reduces costs and helps streamline processes.“.
For his part, the Minister of Transportation, William Camargo Triana, said that the instruction of the President Gustavo Petro has been to strengthen our economic relations and facilitate access between countries.
“For this reason, this document will not only allow foreigners at the border better mobility, but also strengthen the commitment of the National government to work for the protection of life”, added Minister Camargo.
The Financial Supervision determines the methodology for calculating the maximum rate for said policies and will take into account the class and model of the vehicle, as well as the following factors:
- The risk exposure of these vehicles.
- The transfers to the Administrator of the Resources of the General System of Social Security in Health (Adres).
- Transfers to the National Road Safety Agency.
- Expenses for the operation of the branch.
The Soat will enter into force at 24:00 hours on the day it is issued and the payment of the same is accredited. The foreign citizen may extend the document for another 15 days or, if required, request it for full months.
Those interested in requesting this document may process it at the offices of the licensed insurance company or by email enabled by each insurer.
For the procedure, you must present the original or copy of the vehicle ownership card that will enter the country and the identity document of the policyholder or the Special Permit of Permanence (PEP), the Temporary Protection Permit (PPT) or the Border Mobility Card (TMF) issued by Migración Colombia.
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People who have an account in a financial institution in Colombia may make the soat payment by the pse system (secure online payments), if the insurance company has enabled that payment channel.
The Ministry of Transport assured that the traffic and transport control authorities will carry out the corresponding verification actions to guarantee compliance with the obligations of drivers of vehicles from border countries.
