There are always some questions about the third party insurance or the ctp green slip that is made compulsory by the Australia government. In other words, we can say that having the CTP is one of the compulsions along with having a license in order to drive the vehicle on the road. Whether it is your bike or your car, you may need to get the third party insurance at least the CTP which refers to the compulsory third party insurance involving the minimum insurance that should be given to the owner to keep the third party compensation ready for where it is needed.
The third party insurance is necessary but sometimes people may question why they should prefer giving the third party the protection that they should have their own.
It is important to understand that whenever we talk about the third party insurance it does not mean that it is all for the sake of helping the third party.
The third-party insurance policies always have a good side for those who purchase it because it is for the betterment of the owner as well.
We can say that third-party insurance coverage always helps the owner in the same way as do these help the third party itself.
In case if you are feeling confused. Just imagine if you get into an accident and cause damage to the third party as well, they can claim we can say have a right to claim against you so that you will need to provide funds for repairing and for injuries as well. You can think about how it can turn out for you if you do not have third party insurance. in order to avoid such conditions, we can say that having the third party insurance may help in avoiding situations like that.