MarkMC

Just read in another post, that you need CTP as well as car insurance....

We have comprehensive car insurance, but have never heard of CTP, which I now know is compulsory third party.

So do I need it? And what is it for?

EDIT:

just checked and out cover includes $20mil Liability to Other Parties. What is this for then?

DrWho

It's the green slip... if you bought the car used then it will already have it and probably runs out the same time as the rego...

jayr

Err, it covers precisely what you put in your edit. It is COMPULSORY and insures against events between you (or your vehicle) and THIRD PARTIES. That is it potentially benefits the third party and not you directly. Your COMP insurance is for paying damages to you.

MarkMC

OK so the comp insurance we have, includes enough, so we dont need to worry about CTP once the rego is due?

Wendy

CTP only covers injury to another person, it doesn't cover damage to their car or your car which is why some people also take out other insurance which does.

The other insurance isn't compulsory so it's up to you whether you want to be insured for damage to property etc

CTP is compulsory and you have no choice whether you want it or not.

http://www.greenslips.com.au/

Just found this:

Who Provides the CTP Green Slip?

Insurance companies. There are currently 7 insurance companies offering CTP Green Slips.
They must be licensed and comply with the requirements of the Motor Accidents Compensation Act 1999. They are regulated by the Motor Accidents Authority of NSW (MAA).

So speak to your insurance company about it, see if your policy includes a Greenslip CTP

jayr

CTP is the compulsory element (as Wendy says) and you may well have CTP insurance with a different insurer to your fully comp insurance.

Fully comp covers other stuff (like Wendy says( and presumably does not include the elements ALREADY covered by CTP.

CTP is due at REGO time. In this way the government can be reasonable assured that most cars will have CTP (and presumbaly those that don't are breaking two laws; no rego and no CTP).

Imagine in the UK that everytime you got an MOT you had to pay for third party motor insurance at the same time. You may still want to purchase additional (fully comp) insurance and would source that independently.

That's the closest analogy I can get since the UK does not require annual registration.

ABCDiamond

I think it has just been said, but:

CTP only covers Personal injury to other people involved.

Comprehensive cover DOES NOT COVER Personal injury to other people injured.

So, if you want Comp cover, you NEED both.

By Law, you MUST have CTP, as an absolute minimum

CTP does not cover the repair of the Rolls Royce you run into, you pay that out of your own pocket, or the extra insurance you buy

DrWho

Still think it's an idiotic system... Much prefer the UK's where everyone's got 3rd party property cover as well... And if that was adopted over here you'd soon get rid of all the hoodlums running around in their SS V8's...

ABCDiamond

I disagree, how many in the UK have no Insurance ?

At least here, if the car is registered, you have basic cover to protect injury to people. Unfortunately of course, like other places, not everyone registers the car, but at least the Police can see that quite easily.

3rd party property cover isn't too expensive though, as an add one.

DrWho

How many in Aus have no insurance...?
Is it really any easier to see a rego sticker than a tax disc...?
Don't think so...

MarkMC

OK - so the fact that the car is registered until Sept means I have CTP? How do I check? Should I have some paperwork for it?

DrWho

Yes, you should have a greenslip somewhere that states you have Compulsory Third Party Personal Injury Insurance... (he says looking at the one that came with his new car that he picked up this morning... )

MarkMC

Hmmm dont seem to have one of those

ABCDiamond

Any that have no rego will also have no insurance. At least that is how it is in QLD, as you can't renew the rego without insurance.


I can't remember what a UK tax disc is like now, but with the new colour rego stickers every month, the police only need a quick glance to see which have expired.

eg: In September, Purple rego stickers will indicate that the car rego has just expired.

stevemich

There will be one in place - you just may not have got the paperwork from the dealer.
Do not worry - just before your rego is due (usually around 4 weeks before) you will get a letter with a CTP document from the current insurer asking if you want to renew. They know where to send the letter to as the dealer will have given them your details when you bought the car.
You can then choose to renew your CTP with the same insurer, or go to one of theother providers. There is not usually much $ difference between them.
When you pay the CTP provider, you tell the RTA (either in their offices or online), and you can then get your Rego renewed as they will have recieved proof of CTP insurance.
hope that helps.