Do you need CTP If you have comprehensive insurance?

Is comprehensive car insurance the same as CTP?

It’s easy to confuse CTP insurance with comprehensive insurance but they are completely different. CTP is for people only and does not cover damage to any vehicles, yours or someone else’s. Comprehensive covers damage to your vehicle and others’ vehicles and property, but does not cover people.

Is CTP separate from comprehensive?

Do I still need comprehensive insurance? Comprehensive insurance and CTP insurance are entirely different. CTP insurance does not cover damage to property, damage to vehicles or theft. Coverage for incidents such as those is generally included in comprehensive insurance.

Is comprehensive car insurance green slip?

CTP Green Slip is required before you can register your car in NSW, while Comprehensive Car Insurance (or Third Party Property Damage Car Insurance) is not — but driving without it means you could be liable for large out-of-pocket costs if you’re ever in an accident.

Does NRMA comprehensive insurance include CTP?

Compulsory Third Party Insurance (CTP) is compulsory for all drivers. … But if you get a CTP Green Slip for your car with NRMA, we also give you Driver Protection Cover.

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What happens if I don’t have comprehensive car insurance?

If you don’t add comprehensive and collision, your vehicle will have no coverage under your car insurance policy. If you’re at fault in an accident, collision coverage is the only way to make a car insurance claim for your vehicle’s damage or total loss. Without it, you’ll have to pay out of pocket yourself.

Is comprehensive car insurance compulsory in NSW?

Comprehensive car insurance is not mandatory in NSW, but all vehicles must be covered by at least compulsory third party (CTP) insurance, which is also known as a green slip. CTP insurance only covers you for death and personal injury if you or someone else driving your vehicle is at fault in an accident.

Does comprehensive insurance cover other cars?

Comprehensive insurance, sometimes referred to as ‘fully comp’, will cover the cost to fix any damage to your car as well as other vehicles that were involved in the accident, whether it was your fault or not.

Does comprehensive insurance cover you to drive other cars?

Driving other cars cover is usually only available on a comprehensive car insurance policy, so if you have third party (or third party, fire & theft) cover, you won’t be covered to drive any other cars. It’s not automatically included on every comprehensive policy – so check first.

What is considered comprehensive coverage?

Comprehensive coverage helps cover the cost of damages to your vehicle when you’re involved in an accident that’s not caused by a collision. Comprehensive coverage covers losses like theft, vandalism, hail, and hitting an animal.

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What is the difference between CTP and green slip?

CTP (which stands for Compulsory Third Party) and a Green Slip are the same thing – insurance you need before you can register your vehicle that covers injuries from an accident.

Who does CTP cover?

Compulsory Third Party (CTP) Insurance, also known as Green Slip in New South Wales, provides cover for people who may be injured or killed in a motor vehicle accident involving your vehicle. This may include the driver of your vehicle, other drivers, passengers, pedestrians, cyclists and motorcyclists.

How does comprehensive car insurance work?

Comprehensive cover is the most extensive form of car insurance you can take out. It covers the repair or replacement costs if your car is damaged by fire, theft, accidental damage, or certain weather events. It also covers damage to another person’s vehicle or property if you’re at fault.