Learn more about Green Slip and CTP Insurance

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CTP insurance refers to compulsory third party insurance which in many countries is a mandatory part of your vehicle registration. This type of insurance policy covers the driver of the motor vehicle against any personal injuries to other parties. Australia is one country where CTP insurance is not only compulsory but the details of the policy you purchase are actually shown on the back of your driving license.

While CTP insurance doesn’t protect you against damage to any vehicles or any property, it does provide unlimited cover in the case that a claim for death or personal injury is made against you due to any negligent driving on your part. Additionally, if you are the one suffering from injuries as a result of the negligence of another driver, and that neglect can be proved by you, then you can rest assured that your medical costs and all extra costs will be paid for under the policy.

You do need to keep in mind that you have to renew your car’s registration whenever it needs to be done, because if you don’t, then your insurance policy also lapses in the next fifteen days. This basically means that not only are you no longer an insured driver, but that also you can’t drive your car for the time being. There are certain things however that CTP insurance does not cover, and it would be wise to consider taking out a policy that does protect you against such liabilities, like theft, for example.

So, you need to be aware of all things associated with CTP insurance, and this is where http://www.quotemywheels.com.au offers amazing help. So, use it!