CTP insurance covers compensation payments for people injured or killed in a motor vehicle accident.

Compulsory third party car insurance act. Suncorp owns GIO AAMI and APIA and has 45 of the market. Presently i have third party insurance for my car and as you might know i will not get a single penny if i decide to right off my car. CTP insurance is designed to protect everyone on the roads from personal injury claims resulting from an accident so that if someone is injured or dies you dont have to directly pay the associated costs.

On the face of it there is an element of. Hi All Recently i have an accident hit the tree and my car was badly damage. In the ACT the premium for a class 1 passenger vehicle is the same regardless of geographic location age driving record or claims history and so on.

Compulsory Third Party insurance CTP or greenslip as its most commonly known as in NSW is something all vehicles are required to be covered by in all states within Australia. TP cover does not pay for repair of damage to your vehicle. Because the motor car users are being made to pay extra in order to provide rights for the general population.

Covers other people including pedestrians cyclists and passengers injured in a car accident that is found to be your fault or the fault of someone else driving your car. Previously from 1979 until 2013 residents of the ACT were only provided with one licensed insurer NRMA Insurance. It provides the driver cover for any legal liability for injury and death as a result of an accident for which the insured is responsible be it for other drivers passengers pedestrians or cyclists.

Heres everything you need to know about third party insurance in the ACT including how it benefits all of us. If you own a motor vehicle you are required by law to buy Compulsory Third Party CTP insurance every year as part of the vehicle registration process. 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.

Third party car insurance cover is a mandatory requirement on every car owned by an Indian. When you register or re-register your vehicle you are required to pay a CTP premium. Hughes himself proves.