In Australia, people have to get the third party car insurance because the vehicles in the NSW are only registered when they have the ctp green slip. So it is better to understand the need of having the CTP green slip in case if you have planned to get your vehicle on the road in NSW.
Sometimes there is a thought that when people have to get the CTP they are going to get through the same process as they go through when they are shopping for the usual car or vehicle insurance.
It is not the same, rather it is easier because it is included in the same process when you are registering your car in the area.
It is better to know because when you are registering your car you don’t have to compare and you don’t have to worry about collecting quotes. The only thing that you need is to get your vehicle registered on time as soon as you want to get it on the road to drive easily without any legal obligations.
People who know the benefits and the features of having the CTP they are surely willing to get the insurance because this will help them stay away from the legal issues and they may get the protection so that they don’t get into any kind of financial trouble if there is an accident on the road and the fault is on the part of the insured person.
You should know that when you are registering your car and you have to get the CTP you always need to look for doing it ASAP as you may not be able to drive on the road if you don’t get it before.
You should also know that when you get the green slip you will have cover for the third party but you will need to have the usual insurance for your vehicle to cover the damages to your own vehicle as well to avoid financial problems.