What is CTP Insurance?
Compulsory Third Party (CTP) Personal Injury insurance, also known as a Green Slip in NSW, provides protection to the vehicle owner and ‘at fault’ driver, against compensation claims from people injured in a motor accident.
Frequently Asked Questions
What does CTP stand for?
CTP is short for Compulsory Third Party Personal Injury Insurance and is commonly known as a CTP Green Slip in NSW.
What does CTP cover?
CTP insurance covers the vehicle owner and any person who at any time drives the vehicle, against claims for liability in respect of the death or injury to other people caused by the fault of the owner or driver.
It covers the cost of all reasonable medical treatment for injuries received in the accident.
Depending on the injured person's individual circumstances, cover may also include:
- loss of wages
- the cost of care services and
- compensation for pain and suffering
From 1 April 2010 CTP insurance also provides cover up to $5,000 for an at fault driver injured in a motor accident.
Does CTP cover property damage (damage to another person's vehicle or property)?
CTP insurance DOES NOT cover damage to vehicles or property.
If you need comprehensive or third party property damage insurance you will need to arrange separate cover. For more information about GIO Motor Vehicle Insurance please click here.