What is nsw ctp insurance?

Nsw stands for New South Wales and ctp stands for Compulsory Third Party. New South Wales is a place where ctp is called Green Slip. Ctp insurance is a kind of insurance which provides an envelope for the injured and dead or killed person in a motor vehicle in which your vehicle is also included. In this coverage the driver, conductor, passengers, cyclists and many more present on the road. The ctp insurance also covers the third party’s damage to the vehicle and his property.
In nsw the ctp insurance is very costly because it covers and provides the great benefit to the injured person or parties. Ctp is compulsory for drivers’ safety and protection at every place and in NSW also. The car holders need a ctp insurance because it is required legally which provides the protection against any road accidents damage and you can claim ctp for personal injury caused from the accident.