For that youll need car insurance.

What does compulsory third party cover. It covers you against paying compensation to people injured in an accident that you caused. Mandatory by law Third party cover protects you against the legal liability of accidents. It doesnt cover the cost of damaged vehicles and property or damage to or loss of your vehicle.

First off all car owners need Compulsory Third Party CTP insurance its a legal requirement. CTP is an abbreviation for compulsory third-party insurance. It provides compensation for people injured or killed in a car accident that is deemed to be not their fault.

Repair costs for vehicles damaged in an accident caused by you. 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. It will also cover you for your own personal injuries if you were not at fault or only partially at fault for the accident.

Compulsory Third Party Liability car insurance is not only needed for the insured individuals protection from certain liabilities. Your third-party liability covers the following. Repair costs to any property youve damaged.

Compulsory Third Party CTP covers claims made against you if you or anyone else driving your car has an accident and someone is injured or if they die. Compulsory third party CTP insurance called a green slip in NSW is compulsory in Australia. You cannot register your vehicle without having a policy in place.

Compulsory third party insurance coverage provides compensation for people that have been injured or killed in case your vehicle has been involved in an accident. What does third party compulsory insurance cover. CTP insurance covers compensation payments for people injured or killed in a motor vehicle accident.