Just what are QBE Greenslips? Find out how they work and why you must have CTP Insurance cover in NSW.
Belmore Auto Pit
in Narwee NSW can provide QBE Greenslips while you wait...
(CTP) Insurance stands for Compulsory Third
Party Insurance and is mandatory. In the
unfortunate event that you or someone else driving your car is involved in an
accident, the third party involved (occupants of the other vehicle, pedestrians
etc) is covered by the CTP on your car.
This means that others involved in the
accident are able to claim against your CTP insurance and you wont be facing
potentially hefty bills.
CTP Insurance are sometimes referred to as Green
Slips in New South Wales and cover
the cost of third party compensation claims if you, or anyone driving your car,
causes an accident in which someone else is injured.
Your CTP helps to cover the cost of the
injured person's medical treatment, potential lost earnings or, where the
injuries sustained are of a more serious nature, the injured party's ongoing
care. In the event of a fatality the CTP Insurance may also cover compensation
claims by the deceased persons relatives.
CTP doesn't just cover the occupants of other cars but any party involved in an accident situation, including any passengers travelling in your car (or another involved vehicle) and also other road users such as pedestrians, motorcyclists, cyclists and so on.
CTP Insurance will not cover the damage to your own or other peoples' property (including cars), for this you will need Comprehensive Car Insurance, or at the very least Third PArty Property Insurance (not to be confused with CTP). Compulsory Third Party Insurance should cover injuries to other people however, whether they are in your car, the other vehicle/s involved or other road users injured as a direct result of the crash.
Why Compulsory Third Party Insurance is required?
CTP insurance is generally a legal
requirement and in some states is tied to your car registration. In NSW (&
QLD) you have the option to select which insurer provides your CTP and in NSW
in particular it is a separate (but linked) component to registration.
Significant fines apply for Uninsured or unregistered vehicles in NSW so you
should always ensure your vehicle registration and CTP are up to date. Trailers
do not require Greenslips as they are covered by the CTP Insurance attached to
the towing vehicle.
Where can I get Green Slips for CTP Insurance?
While many states in Australia
consider CTP Insurance to be a part of normal vehicle registration and usually
include it in the car registration process, in NSW it is separate from
registration and must be obtained before you can register your car. (In Queensland you may
nominate your preferred insurer when you register your car).
Belmore Auto pit provide QBE greenslips and
can arrange your CTP insurance cover for you. We also undertake e-Safety Checks (Pink
Slips) in Narwee. If you need QBE Greenslips or an e-Safety Check or
Pink Slip Inspection in Narwee NSW, Belmore Auto Pit have you covered