Many people think that having all of the things covered for the various kinds of damages of their own is all that matters the most. But in Australia, you always need to make sure that you are going to behave in a responsible manner.
This is because when you drive on the road, the safety of others as well as yours, is important and you should be prepared for any kind of mishaps that may come your way. It is therefore important to note that the government requires each and every vehicle owner to obtain the third party insurance is important.
Though it seems quite obvious that you might be needing a comprehensive insurance or maybe insurance for you at fault but they may come later and the main importance of getting the right kind of insurance is there and you need to get the ctp green slip to make sure you are now ready to go on the road and has the necessary measures taken to keep others covered as well.
In most cases when a person gets a green slip, it issues that the person has taken all the prerequisites to get onto the road as a responsible driver and is now legally allowed to stay on the road whenever the person needs.
But in case if you have not applied for the green slip you will not be allowed to be on the road as it is not allowed at all if you have no such measure taken to get onto the road and drive your vehicles.
The main reason you have to get it include the fact that the government needs to have an assurance that if you get into an accident and cause lots of damages or damage to another person or property than your company will be giving the amount to compensate the loss.
Further, you should know that the CTP is also beneficial for you because you will not be obliged to cover all the expenses which could be quite a lot if you have no CTP obtained beforehand. It is, therefore, necessary to get the green slip in order rot avoid any kind of issues that you have never expected on the road.