What is Compulsory Third Party Insurance CTP.

What does compulsory third party cover. What does third party compulsory insurance cover. In most states your CTP is included with your registration unlike NSW where you must. For that youll need car insurance.

Repair costs to any property youve damaged. Third party compulsory insurance is meant to cover any other road user that you might injure while driving. CTP insurance covers compensation payments for people injured or killed in a motor vehicle accident.

The compulsory nature of third party insurance is justifiable as it makes the process easier for the injured person to. Medical costs for anyone youve injured. 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.

The person driving the vehicle that caused the injury is indemnified against claims for the damage and losses that occurred. That means the CTP insurance you select when you register your car would pay for another. Mandatory by law Third party cover protects you against the legal liability of accidents.

CTP insurance doesnt cover damage to your car or any other cars. CTP covers funeral costs for the holder of the insurance policy. It covers you against paying compensation to people injured in an accident that you caused.

Its a form of insurance that provides compensation for people injured or killed when a vehicle is involved in a crash. Since Compulsory Third Party Liability covers third party victims those who dont have any fault in the accident wont be left without any financial help. You cannot register your vehicle without having a policy in place.