CTP insurance covers compensation payments for people injured or killed in a motor vehicle accident.

What is compulsory third party car insurance. This means that if you injure another driver or a pedestrian whilst driving you do not have to pay the compensation owed to the injured person. In India third party insurance is a mandatory cover without which one cant drive hisher vehicle on the roads. If the accident is your fault compulsory third party cover would not cover you.

Compulsory Third Party insurance CTP or greenslip as its most commonly known as in NSW is something all vehicles are required to be covered by in all states within Australia. Just keep in mind that it will not cover everything but only a limited coverage only. Compulsory third party CTP insurance is a minimum and compulsory level of cover in Australia.

CTP covers you against personal injury you might cause to another person in a car accident or incident. The exact coverage of compulsory third-party liability CTPL insurance is car damage disablement death or cover bills of those who survived the accident. Compulsory Third Party CTP also known as Green Slip insurance in New South Wales is compulsory in every Australian state to allow you to register your vehicle explains Hugo Schreuder CEO of Australian insurer Youi.

Many car owners want to know Is third party car insurance compulsory As per the Motor Vehicles Act 1988 anybody who owns buys or drives a vehicle must purchase such type of insurance coverage. Its unique in that it only protects you from third party personal injury liability and does not cover injury to you as the owner or driver of the vehicle or damage to any property. Compulsory third party insurance also known as the abbreviation CTP insurance is used to provide compensation and cover for people injured or killed by an accident.

Like eating or sleeping for every car owner CTP insurance is an essential part of life. This also extends to cyclists and pedestrians in addition to any drivers or passengers of vehicles involved. The purpose of requiring CTPL cover prior to registration of the vehicle is to provide protection for the general public.

CTP is a basic form of car insurance thats meant to offer compensation for any third parties who may have suffered bodily injury or been killed in a car accident with the insured vehicle. You automatically get CTP insurance in WA when you pay your car registration. One type of insurance is third party insurance which is made compulsory by law for drivers to purchase in many areas.