Compulsory Third Party CTP insurance covers the driver for any legal liability in the grim case of injury and even death as the result of an accident that the driver thats you is responsible for.

What does compulsory third party insurance mean. It doesnt cover the cost of damaged vehicles and property or damage to or loss of your vehicle. Third party car insurance is the minimum level of cover you can take out - it is a legal requirement. CTP insurance is compulsory in all states of Australia.

Compulsory third party insurance CTP is a category of Motor vehicle insurance that insures any person except the driver who was at fault and who is injured or killed in a motor vehicle accident as result of a drivers negligence. How is Compulsory Third Party insurance abbreviated. In most states your CTP is included with your registration unlike NSW where you must.

It only makes sense that when third party insurance is compulsory owners of cars can have their damaged cars professionally repaired. So this is usually the other driver involved in an accident. The Victorian compulsory third party insurance scheme is administered by the Transport Accident Commission TAC.

CTP stands for Compulsory Third Party insurance. CTP insurance covers compensation payments for people injured or killed in a motor vehicle accident. The insurance covers any other drivers passengers in your car pedestrians or cyclists that have been affected by the accident.

It provides compensation for people injured or killed in a car accident that is deemed to be not their fault. It is mandatory to have TPL on all Canadian automobile policies. The TAC is the sole insurer under the scheme.

What Is Third-party Liability Car Insurance. You cannot register your vehicle without having a policy in place. Compulsory insurance is mandatory for individuals and businesses that want to engage in certain.