A Green Slip is a type of insurance policy in Australia. It provides you with protection from a damages claim in the event that you or the person driving your vehicle is involved in a motor vehicle accident.
When you purchase a Green Slip you are participating in two schemes. The Third-party Insurance scheme, regulated by the Motor Accidents Compensation Act 1999 and the Lifetime Care and Support scheme, regulated by the Motor Accidents (Lifetime Care and Support) Act 2006. Your Green Slip operates all over Australia, no matter where the accident involving your vehicle occurred.
But who and what is covered? Well, a Green Slip will provide compensation for people killed or injured in a motor vehicle accident. This includes pedestrians, passengers, cyclists, motorcyclists and drivers of other vehicles and, to a lesser extent, the driver at fault, and includes trailers under the greenslip of the towing vehicle.
A Green Slip will not, however, cover the driver at fault to the full extent of the scheme, unless the driver is catastrophically injured (as defined by the Lifetime Care and Support Scheme), nor will it cover damage to your vehicle or property, damage to other peoples' vehicles or property, or cover you for the theft of your vehicle.
The easiest way to compare prices of the insurers offering CTP green slip insurance is to go to the price comparison service website operated by the Motor Accident Authority (MAA), the Green Slip Calculator. There has been a rise in Green Slip comparison websites across Australia in recent times, but the website operated by the MAA is renowned throughout the country as being a particularly reliable source of information. This price comparison service will give you a price for each insurer based on your vehicle and details. You will also be given contact details for each insurer. You can then contact the insurer of your choice to purchase your CTP greenslip, and the insurer will notify the RTA electronically. The price comparison service operated by the MAA only operates for common vehicle classes, however. If your vehicle is not one of those covered by the price comparison service or if you wish to claim an input tax credit for GST, you will need to either contact each of the insurers individually to compare prices, or use a different price comparison service.
If you know the correct way to go about doing it, choosing a Green Slip can be as easy as searching for where you can get car glass repair.
About the Author:
Paul Buchanan writes for a digital marketing agency. This article has been commissioned by a client of said agency. This article is not designed to promote, but should be considered professional content. |
