What your greenslip covers The insurance coverage provided by a greenslip is mandated by law. Your greenslip covers: Compensation for people who are killed or injured in a road accident involving your vehicle People covered include passengers, pedestrians, cyclists, motorcyclists, other drivers and, to a lesser extent, the driver at fault Compensation under the Lifetime Care and Support Scheme for catastrophic injuries in a road accident Cover for trailers under the greenslip of the towing vehicle Cover wherever you drive in Australia.
Remember, your greenslip covers only people. Remember, your greenslip does not cover property. Does comprehensive insurance include a greenslip? Does a greenslip include third party property insurance? Corrina Baird Writer and expert greenslips. Show Discussion. Damage to your car , including fire and theft, damage to other cars and property, plus optional extras.
Damage to your car if not roadworthy or licensed, or when driver is affected by alcohol or drugs Compulsory third party CTP. The broadest and most expensive cover for your car , other cars and property. Damage caused by your car to other cars and property plus cover for legal costs. Protects against damage to other cars, usually chosen by driver with a low-value car.
Limited cover for your car for damage or loss because of fire or theft. Damage to your car other than fire or theft , other cars or property Compulsory third party CTP. Provides some protection for your car but less than comprehensive cover. Your greenslip is an insurance policy that provides for compensation for people killed or injured in a motor vehicle accident. A greenslip is a legal requirement for all motor vehicles registered in NSW, except trailers.
Trailers are covered under the greenslip of the towing vehicle. Can you pay CTP green slip monthly? As long as you pay for both the CTP Insurance and registration within 21 days of the due date, you can choose a 6 month term for the renewal of your CTP. Where do I get a green slip from? You can buy a Green Slip directly from a licensed insurer or through a variety of agents and outlets. It's important to understand what's expected of you and your insurer when buying a Green Slip. Is CTP included in Rego?
CTP insurance is compulsory in all states of Australia. You cannot register your vehicle without having a policy in place. In most states, your CTP is included with your registration, unlike NSW where you must purchase it as a separate step before renewing your registration. What does green slip cover NSW? Your greenslip does: Provide for compensation for people killed or injured in a motor vehicle accident.
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Co-authors While the Green Slip is a type of insurance policy and taken in addition to regular insurance that normally covers you for these points above. While it is a legal requirement that all motor vehicles in Australia must have a CTP Compulsory Third Party insurance, each state is different in how they approach this. Below is a more in-depth look into the Green Slip policies for each Australian state.
New South Wales has many different insurance companies that can provide the Green Slip. Due to more than one company offering this insurance you may find that the pricing for these slips differs for each company. In Queensland, the governing body for this insurance policy is the Motor Accident Insurance Commission. Also like NSW, there are several different companies that can provide these policies and yet again the prices will differ from company to company. The basic scheme for CTP in Queensland operates on a common law fault which it is why it is important that you have all of your insurance settled before you take to the road.
You can learn more about getting a Greenslip in the A. Drivers in Victoria are required to pay a transport accident charge or insurance fee, for their vehicles. When the fee has been paid, the motorist is considered to be insured by the Transport Accident Commission.
This is the Green Slip equivalent for Victoria as it covers those who have been injured or killed by a third party in a motor vehicle accident. Like the rest of the other states, the fee is included in the registration of your vehicle. The MAI website has a toll free number that you can call at any time if you are in need of assistance. The Territory Insurance Office is in charge of handling motor vehicle accident compensation and claims.
The TIO website works in conjunction with Allianz to help make the whole claims process less admin intensive. The governing body for these claims in Southern Australia is the Motor Accident Commission however claims are also managed through Allianz Australia. As previously mentioned only a few states offer third-party companies to supply the Green Slips for motorists. Below we will list some of the companies in New South Wales and Queensland that are eligible to supply Green Slips for their members.
It may be worthwhile to speak to each company individually and gather a quote from all of them. Once you have several quotes with their benefits you should be able to make a decision on which one would be the best choice for you.
For the states that allow you to purchase the Green Slip separate to your registration, there are several different types of Green Slips that you can purchase. Generally speaking, most people tend to go with a month and 6-month policy.
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