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What is the difference between Third Party Property Damage Insurance and Compulsory Third Party Insurance?
Third Party Property Damage Insurance is optional and provides cover if you need to pay for damage your vehicle causes to another person's vehicle or property.
Whereas Compulsory Third Party (CTP), also known as Green Slip insurance in New South Wales, is compulsory in order to register any vehicle in NSW and the ACT. It covers your liability to pay compensation for injuries to people if the driver of your vehicle was at fault in the accident.