Getting green slips in Australia is necessary for everyone who needs to drive their vehicle on the road. If not then there s no vehicle allowed to be on the road if there is no CTP insurance obtained. It is because the CTp is obtained at the time when the vehicle gets registered in the state and if it does not possess the ctp it means it is not registered as well.
So we can say that getting the ctp is one of the essentials that everyone needs to have when they are driving in Australia.
But the fact is that when people have to pay for the insurance that is meant to cover the third party only then there are some questions that are presented in their mind and they think why they are paying for the third party and for the insurance that does not cover their vehicle or the injuries as well.
But there are many things that assure you should have the ctp insurance:
The first thing is that it is the legal requirement and if you don’t follow you will be breaking the law and your vehicle will not be registered in that particular state.
Secondly, you need it because you will be staying away from the possible allegation of paying the third party damages and the insurance provider will pay the cost of all the damages done to the third party.
In addition to that, when you have the green slip you will stay away from all the issues a the financial problems that may arise due to the financial assistance that is needed to compensate the damages which will be carried out by the insurance provider on behalf of you.
So, all these aspects direct the way towards getting the green slip which is the mutual thing to benefit both parties in one way or another.