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Liberia - Obtain a motor vehicle insurance


Procedure

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1.Applicants should start by finding a liable insurance company. A list of insurance companies can be viewed at http://www.westafricadirectory.com/Liberia/Banking_and_Finance/Insurance.html;;

2.When an insurance company is identified, the applicant must then go to its offices to find out the motor insurance policies offered.

3.The applicant then proceeds with choosing a policy that best suits his / her needs.

4.Find out what is required in order to obtain the insurance policy;

5.Thereafter, prepare all required documents;

6.Then obtain application form for the insurance policy from the insurance company chosen and fill it correctly;

7.Attach all required documents on to the filled form and submit documents to the insurance company; and

8.Make any necessary payments;

9.At the insurance company, the documents submitted are assessed to decide on whether the applicant suits for the required policy or not;

10.If documents are approved, the insurance company grants policy to the vehicle and an insurance certificate is issued;





Required Documents

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1.Applicants identification documents;

2.Log book

3.Payment slips;






Office Locations & Contacts

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Ministry of Transport

Parker Building, Broad Street

Montserrado

Monrovia, Liberia

Email address: stvarpilah@yahoo.com


Ministry of Finance

P.O Box 10-9013 Monrovia, Liberia

Telephone: +231 226 352

Fax: +231 226 715

Email: webmaster@mof.gov.lr

Website: http://www.mof.gov.lr/





Eligibility

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Owners of motor vehicles




Fees

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Fees charges are $25




Validity

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Usually valid for one (1) year




Documents to Use

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Please attach documents that can be used by people. e.g. links




Sample Documents

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Please attach sample completed documents that would help other people.




Processing Time

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Please explain processing time taken in obtaining the document/certificate.




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Videos explaining the procedure or to fill the applications. 
Attach videos using the following tag <&video type="website">video ID|width|height<&/video&> from external websites.
Please remove the "&" inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver, 
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url "http://www.youtube.com/watch?v=Y0US7oR_t3M" Video ID is "Y0US7oR_t3M". 
	





Instructions

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  1. Choose an insurance company that offers the policy required;
  2. Ensure that the insurance company chosen is recognized;
  3. Choose an insurance policy that shall cover all the liability you need to cover under insurance of a vehicle;
  4. Always give as much information as possible when obtaining insurance;
  5. Applicants must note that information given is a great influence to issuance of motor insurance;
  6. Before obtaining a particular insurance policy, know what tit shall cover in cases of any liabilities




Required Information

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1.Details of ownership of the motor vehicle;

2.Type of motor vehicle

3.Chassis and engineer number of vehicle

4.Motor vehicle registration number

5.Purpose of vehicle for which it is to be insured;

6.Any other purposes other than the class to be insured of;





Need for the Document

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Motor Vehicle Insurance involves insuring a motor vehicle against any kinds of liability. The Ministry of Transport in Liberia with the help of police ensures that motor vehicles are insured.




Information which might help

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1.It is important to note that possibilities of changing an issued insurance policy depend on the issuing insurance company;

2.Insurance companies do not cater for liabilities resulting from:

  • Careless driving;
  • Usage of vehicles that it is not insured;
  • Driving while drunk, driving by an underage or physically / mentally ill person or being driven by a person with no legal authority (drivers license);
  • Excess loading shall also not be covered




Other uses of the Document/Certificate

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1.If a vehicle is insured and an accidents occurs, the insurance companies cater for transportation costs from the place of accident;

2.In cases of accidents where a vehicle is insured, losses are likely to be recovered;

3.Insuring a vehicle ensures that if an liability occurs and injuries are caused to a third party, the injuries are settled;





External Links

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Others

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More information which might help people.




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