Transport Accident Commission TAC The Victorian compulsory third party insurance scheme is administered by the Transport Accident Commission TAC.
What does compulsory 3rd party insurance cover. It is a basic Insurance which includes the Compulsory Civil Liability coverage required by law in order to circulate. It does not cover damage to vehicles or property involved in accidents. If you are involved in a motor vehicle accident and you are at fault Compulsory Third Party CTP Insurance will cover you for personal injury claims made by other drivers passengers pedestrians and cyclists who were involved in the accident.
If youre responsible for a car accident your compulsory third-party insurance will be used to pay any compensation due to anyone who might be injured or killed. It doesnt cover the cost of damaged vehicles and property or damage to or loss of your vehicle. This insurance provides compensation for people injured or killed when your vehicle is involved in an accident.
Compulsory third-party insurance also known as CTP insurance is compulsory for anyone who wants to register a vehicle in Australia. Treatment care and support. That means the CTP insurance you select when you register your car would pay for another.
Compulsory Civil Liability When insuring a car Third Party Insurance is. Medical costs for anyone youve injured. Third party compulsory insurance is meant to cover any other road user that you might injure while driving.
Compulsory Third Party CTP insurance provides owners and drivers of Western Australian registered vehicles with cover for the cost of injuries they cause to others in a motor vehicle crash anywhere in Australia. So what does Compulsory Third Party Insurance exactly cover. In legal-speak the Compulsory Third Party CTP insurance which is part of every WA motor vehicle registration covers unlimited liability for personal injury caused by through or in connection with directly driving the insured motor vehicle in incidents to which the Motor Vehicle Third Party Insurance.
You cannot register your vehicle without having a policy in place. CTP insurance is compulsory in all states of Australia. So today we are going to really see what Third Party Insurance for cars covers.