In addition to covering medical expenses, the SOAT also grants the right to receive compensation according to Decree 056 of 2015.
In Colombia, the vehicle fleet is made up of approximately 19 million vehicles, of which 60% are motorcycles. This notable percentage is reflected in a significantly higher accident rate for motorcycles compared to cars.
According to figures from the Ministry of Mobility, between 2020 and 2023 The number of injured motorcyclists increased by 86%, and the number of deaths by 60%. Given this worrying reality, all vehicles, especially motorcycles, must have the Mandatory Traffic Accident Insurance (SOAT), which covers all medical expenses of people involved in road accidents.
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Compensation Rights for Labor Disability
What many citizens do not know is that, in addition to covering medical expenses, the SOAT also grants the right to receive compensation for work disability. Thanks to Decree 056 of 2015, any person who suffers a traffic accident has the possibility of claiming up to 180 monthly legal minimum wages as compensation, even if it is the cause of the accident.
Claim Procedure
To access this compensation, it is necessary that the injuries suffered in the accident cause a loss of work capacity. In the event of an accident, the process begins with medical care through SOAT. If medical expenses exceed certain limits, they will be covered by the EPS, and if they exceed the EPS limits, they will be covered by the Solidarity and Guarantee Fund (FOSYGA).
If the accident results in a permanent disability, the affected person must file an application with the insurer that issued the SOAT. This request must include medical history, the identity document, the disability certificate and the corresponding form. The insurer has 15 business days to respond to the request. In case of a negative response, the affected person has the right to appeal.
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SOAT coverage
The SOAT covers both deaths and injuries caused by traffic accidents. However, it is important to highlight that it also covers permanent disabilities. This provides an essential safety net for citizens, ensuring they can receive adequate compensation should an accident affect their ability to work.
In a country where the motorcycle accident rate is alarmingly high, knowing the rights and benefits offered by SOAT It’s fundamental. This insurance not only covers immediate medical expenses, but also offers significant compensation in the event of loss of work capacity. It is vital that citizens are informed and know how to proceed to claim their rights, thus guaranteeing comprehensive protection in the event of road accidents.
