CTP Insurance Greenslips
CTP insurance protects the third party, being pedestrians, passengers, cyclists, motorcyclists and drivers of other vehicles, by paying for their treatment and care, which may be for life, and also for loss of income if they are an earner, and any damages claim they may be entitled to lodge. It will also provide you with 26 weeks of benefits from the date of the accident if you are at-fault or mostly at-fault.
Types of Greenslips / CTP Insurance
For most people, you generally have a choice of either a 12 month policy or a 6 month policy. Other options are available to fleet owners and motor dealers.
Before your Green Slip expires, you must buy a new Green Slip to be able to register your motor vehicle. If you renew after the due date you must not drive your car until you’re covered.
What does CTP Insurance cover?
The Green Slip scheme covers the cost of injuries caused by your vehicle to:
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You, if the accident occurred in NSW
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Anyone else, anywhere in Australia.
If the accident occurred outside NSW, cover for your injuries depends on the law of the place where the accident happened.
If a person dies as a result of the accident, close relatives may also be able to claim some expenses.
Drivers who are charged with a serious driving offence in relations to the accident will not be able to claim benefits.
What CTP Insurance doesn't cover
Green Slips don’t cover the cost of damaged vehicles or property.
What CTP Insurance covers for you
The new CTP scheme is focused on early support and recovery and applies to injuries resulting from a motor vehicle accident.
The Green Slip covers all injured people, regardless of fault (unless you are charged with a serious driving offence).
You will be able to claim up to 6 months (26 weeks) of:
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a percentage of your pre-injury weekly income if you need time off work
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reasonable and necessary treatment and rehabilitation expenses
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commercial attendant care if you need help around the home while you recover.
If you’re not at fault and your injuries are more serious, you may be able to claim benefits beyond 6 months.
Those who have been severely injured may also be eligible for the Lifetime Care & Support Scheme.
What's the Yellow Line?
CTP Insurance and Greenslip insurance is a compulsory insurance requirement for motor vehicles registered in Australia. In some states this type of insurance is separate to your registration while some incorporate it into the cost of registration.
It is advised to consider CTP Insurers that cover not only your passengers and other road users, but also you as a driver even when you are at fault.
One of our insurance specialists can provide you with all the information you need to make the decision on the best insurance cover for you.
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