CTP insurance stands for compulsory third party insurance.

What does compulsory third party insurance cover. 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. 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. Transport Accident Commission TAC The Victorian compulsory third party insurance scheme is administered by the Transport Accident Commission TAC.

Your third-party liability covers the following. What does third party compulsory insurance cover. You cannot register your vehicle without it.

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. When insuring a car Third Party Insurance is the cheapest option. Although every time we find offers of policies to Third Parties with more guarantees and incorporated services.

As the name suggests CTP insurance is compulsory in all states of America and you cannot register a vehicle without first buying CTP insurance. It doesnt cover the cost of damaged vehicles and property or damage to or loss of your vehicle. What Is Covered By Third-party Liability Insurance.

The TAC is the sole insurer under the scheme. What is Compulsory Third Party Insurance CTP. Repair costs for vehicles damaged in an accident caused by you.

You might hear different terms referring to third party insurance so its important to be aware of them to avoid legal consequences. Third party compulsory insurance is meant to cover any other road user that you might injure while driving. In most countries third-party or liability insurance is compulsory insurance for any party that may potentially be sued by a third party.