Bichlorides

As you consider ctp green slips, realize that this type of minimum coverage of your vehicle is not all the insurance you need. In fact, it is very important to consider what green slips cover and what they do not. If you own a vehicle, you want to have all the protection you can, to protect your investment and your overall financial well being.

CTP or compulsory third party insurance offers protection for anyone riding in the vehicle with you, coverage for others involved in the accident including passengers and drivers in the other car or pedestrians, as well as anyone that may be insured by any trailer you may be towing. This type of insurance pays out when you are found in fault of the accident to help defray the costs of such a tragic event.

While this type of insurance is mandatory in various locations in Australia, it is not always enough coverage for your needs. For example, if you are involved in an accident, the other car may be repaired, but yours will not be covered. Therefore, if you only have this type of insurance coverage, you could be putting your financial future at stake. Find out what other insurance is also helpful.

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