When insuring a car Third Party Insurance is the cheapest option.

What does compulsory 3rd party insurance cover. 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. What Is Covered By Third-party Liability Insurance. This insurance provides compensation for people injured or killed when your vehicle is involved in an accident.

Third-party insurance is compulsory for all vehicle-owners as per the Motor Vehicles Act. CTP insurance covers those injured in a crash for. Treatment care and support.

It is a basic Insurance which includes the Compulsory Civil Liability coverage required by law in order to circulate. It provides compensation for people injured or killed in a car accident that is deemed to be not their fault. It is a basic Insurance which includes the Compulsory Civil Liability coverage required by law in order to circulate.

It will also cover you for your own personal injuries if you were not at fault or only partially at fault for the accident. If the car accident is proven to be your fault this insurance will give you protection from liabilities arising from the accident. Upon the death or bodily injury of third party victims the insurance shall only cover up to P100000 for the funeral or medical expenses that youre liable to pay.

Legal fees and lawsuits as a result of the accident. Transport Accident Commission TAC The Victorian compulsory third party insurance scheme is administered by the Transport Accident Commission TAC. CTP insurance is compulsory in all states of Australia.

It doesnt cover the cost of damaged vehicles and property or damage to or loss of your vehicle. It does not cover damage to vehicles or property involved in accidents. Third party compulsory insurance is meant to cover any other road user that you might injure while driving.