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Friday, April 12, 2013

Australia


In New South Wales and the Northern Territory Compulsory Third Party Insurance (commonly known as CTP Insurance) is a mandatory requirement and each individual car must be insured or the vehicle will not be considered legal. Therefore, a motorist cannot drive the vehicle until it is insured. A 'Green Slip, another name by which CTP Insurance is commonly known due to the colour of the pages which the form is printed on, must be obtained through one of the five licenced insurers in New South Wales. Suncorp and Allianz both hold two licences to issue CTP Greenslips – Suncorp under the GIO and AAMI licences and Allianz under the Allianz and CIC/Allianz licences. The remaining three licences to issue CTP Greenslips are held by QBE, Zurich and Insurance Australia Limited (NRMA). APIA now also supplies CTP but is only for over 50's who are no longer working full-time.
A similar scheme applies in the Australian Capital Territory. Currently, Insurance Australia Limited (NRMA) is the only CTP Insurer in the ACT.
In Victoria, Third Party Personal insurance from the Transport Accident Commission is similarly included, through a levy, in the vehicle registration fee.
In Queensland, CTP is a mandatory part of registration for a vehicle. There is choice of insurer but price is government controlled in a tight band.
In South Australia, Third Party Personal insurance from the Motor Accident Commission is included in the licence registration fee for people over 17. A similar scheme applies in Western Australia.


These state based third party insurance schemes usually cover only personal injury liability. Comprehensive and Third Party Property insurance is sold separately to cover property damage and cover can be for events such as fire, theft, collision and other property damage.
CTP only covers personal injury liability.
Third Party Property Insurance covers damage to someone else's property or vehicle, but not your own vehicle.
Third Party Property Insurance with Fire and Theft is the same as above, but will cover your vehicle in the event of fire or theft normally up to maximum of $5,000.
Comprehensive Insurance covers damage to someone else's property or vehicle as well as your own.

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Ditulis Oleh : Unknown Hari: 12:34 PM Kategori:

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