CTP doesnt cover the cost of damage to anyone elses car or property or your car.
What does compulsory third party cover. The Compulsory Insurance covers the Civil Liability of the driver and the owner of the car even if they are not the same person for the damages caused to third parties in a traffic accident that has been caused by the insured. Compulsory Third Party Liability car insurance is not only needed for the insured individuals protection from certain liabilities. The person driving the vehicle that caused the injury is indemnified against claims for the damage and losses that occurred.
CTP insurance covers compensation payments for people injured or killed in a motor vehicle accident. It provides compensation for people injured or killed in a car accident that is deemed to be not their fault. Repair costs to any property youve damaged.
What is Compulsory Third Party Insurance CTP. 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. CTP insurance is compulsory in all states of Australia.
The compulsory nature of third party insurance is justifiable as it makes the process easier for the injured person to. Your third-party liability covers the following. Repair costs for vehicles damaged in an accident caused by you.
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. 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 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.
First off all car owners need Compulsory Third Party CTP insurance its a legal requirement. Compulsory third-party insurance otherwise known as CTP is a form of insurance imposed across all Australian states and territories. Why is it Compulsory.