Thursday, May 03, 2012

Ethiopian Third Party Insurance Coverage to Include Temporary Licenses Plates

Thursday, 03 May 2012

Compulsory Third Party Insurance Coverage in Ethiopia is to include vehicles with temporary and daily vehicle license plates who had avoided the insurance so far.The letter requiring all vehicles seeking temporary and daily license plates to get compulsory third party insurance coverage was issued in the beginning of April by the Federal Transport Authority to regional branch offices.

Vehicle owners are required to present customs declaration forms, import licenses, bills of lading and pink papers from the FTA to ensure that all vehicles stated on the declaration forms are brought into the country to get the temporary license plates.

The documents will remain at the branch offices until the owners return with third party insurance documents.
Although importers usually get just one plate for all vehicles declared on the pink paper they will be required to get third party insurance for all the cars that they have imported to receive that one plate.

Importers have been complaining that it is too expensive to insure all cars said Bayelygen Bekle, Communications Officer with the IFO. It is however important for these vehicles to be insured as they will operate on the road even for a short while and can cause accidents.

Most cars with temporary license plates do not have third party coverage said Assefa Mezgebu, Public Relations Officer with the Addis Abeba Traffic Police Accident Control & Inspection Department.

Source: Addis Fortune

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