
Maksure Offers a Quick and Easy Platform to obtain your COMESA Yellow Card Certificate
Planning to travel outside the country, by road? Dreading the long 3rd party insurance queues that are a definite? Well, Maksure has the perfect solution for you – did you know that it is possible to have your COMESA Yellow Card Certificate even before you reach the border-post? Back in the day, transporters incurred exorbitant costs that came with cross border trading. As a pre-requisite any transporter leaving the Republic soil crossing into any foreign land would need to be in possession of the Yellow Card Certificate which would be presented at each border post. An International Motor Insurance Card System is an arrangement between authorities and insurance organizations of multiple states to ensure that victims of road traffic accidents do not suffer from the fact that injuries or damage sustained by them were caused by a visiting motorist rather than a motorist resident in the same country. COMESA Yellow card is a regional Third-party motor vehicle insurance that provides third party legal liability cover and compensation for medical expenses resulting from road accidents caused by visiting motorists. It also offers emergency medical cover to the driver and passengers of the foreign motor vehicle involved in an accident. The current participating states of the scheme are 13, namely; Djibouti, Burundi, DRC, Egypt, Eritrea, Ethiopia, Libya, Kenya, Malawi, Rwanda, Sudan, Swaziland, Tanzania, Uganda, Zambia and Zimbabwe. In November 2020 Maksure Risk Solutions came onboard as a broker spreading the gospel to all cross-border transporters who did not have full insight of how one can obtain the card in less than five minutes upon receiving all the required documents for processing. This innovative step enabled every transporter to arrive at the border post already in possession of the certificate. The types of motor insurance policies applicable are the following
- Private cars
- Motorcycle, and
- Commercials vehicles
- 50% saving on their third-party insurance, as our rates are cheaper than those offered at the border post
- Safety concerns addressed as there is no need to carry cash
- Efficient as one saves times and does not queue at the booths to purchase the 3rd party cover
- Cost of repairs to the other parties is normally fully covered minus excess fee
- Claims are handled by the National Bureau of the country in which the accident would have occurred.
About Maksure Risk Solutions
Maksure Risk Solutions is an Afro-Global independent specialist insurance and reinsurance broker with business footprint in Africa, Asia, East & Western Europe, South America and the Caribbean. We provide innovative and tailor-made risk solutions in Insurance and Reinsurance as well as Risk Financing and Actuarial Consulting geared towards capital management and strengthening our client’s balance sheet. Maksure is also one of the major players in Captive Management (Establishment & Management) in South Africa, Mauritius, Bermuda and various other jurisdictions. We have access into the Lloyds of London with a deep understanding of African markets. Our global nature ensures that our clients access quality capacity as well as some of the world’s latest thinking and solutions.Recent Posts
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