CTP is a basic form of car insurance thats meant to offer compensation for any third parties who may have suffered bodily injury or been killed in a car accident with the insured vehicle.

What is compulsory third party car insurance. Benefits of third party motor insurance. Having such compulsory basic car insurance that only covers damage done to the third partys car means that when an accident is your fault you have to repair damages to your own car out of your own pocket. CTP insurance covers those injured in a crash for.

Compulsory third party CTP insurance is a minimum and compulsory level of cover in Australia. Compulsory third party car insurance CTP is as the name suggests compulsory insurance that protects third parties. The insurance covers any other drivers passengers in your car pedestrians or cyclists that have been affected by the accident.

If youre found driving without a third party insurance you can be fined or even sent to jail if the officer is having a particularly bad day. If the accident is your fault compulsory third party cover would not cover you. However compulsory third-party insurance doesnt cover you for vehicle damage or theft.

CTP covers you against personal injury you might cause to another person in a car accident or incident. Even if they want they drop it at the thought of. Compulsory Third Party CTP insurance covers the driver for any legal liability in the grim case of injury and even death as the result of an accident that the driver thats you is responsible for.

Many other countries already have a form of compulsory third party insurance some which cover bodily injury. CTP insurance covers compensation payments for people injured or killed in a motor vehicle accident. Like eating or sleeping for every car owner CTP insurance is an essential part of life.

Compulsory third-party insurance also known as CTP insurance or a green slip is compulsory if you want to register a vehicle in Australia. Just keep in mind that it will not cover everything but only a limited coverage only. Treatment care and support.