Compulsory Third-Party Insurance (CTP) is paid at the same time as the registration of a motor vehicle but have you wondered what is it’s purpose?
CTP Insurance covers drivers of your vehicle from claims of compensation for injuries or deaths arising out of the use of your vehicle. This scheme was set up to ensure that every vehicle being used on the road is insured.
What does it cover?
- If you have caused an accident which has resulted in injury or death, your CTP Insurance provider will insure you against any compensation claim for medical costs and rehabilitation, lost income, non-economic loss (such as pain and suffering) and personal and home care and support for the crash victims.
CTP Insurance does not cover:
- Injury to yourself and lost income or non-economic loss as a result of your injuries, if the accident is found to be your fault (there is an exception for children under 16 years);
- Injuries from single-vehicle accidents for which no person was at fault (for example, if you hit wildlife); and
- Property damage (including damage to vehicles).
CTP Insurance is complemented by the Lifetime Support Scheme which provides treatment, care and support for people who have sustained very serious lifelong injuries as a result of a motor vehicle accident in South Australia, regardless of fault. Types of very serious injuries include paraplegia and quadriplegia, brain injury, severe burns, amputation and blindness.
If the driver at-fault is uninsured or unidentified, cover for your injuries may be available under the Nominal Defendant Scheme.
If you have been injured in a motor vehicle accident and require more information, or for advice in relation to a potential claim contact Kelly Kelly Legal on (08) 8664 1162.