Know About Third Party Insurance

Know About Third Party Insurance

A Compulsory Third Party Insurance is the coverage which covers the third party with the repairing cost of the vehicle, any property damage or medication expenses which are encountered as a result of an accident by the insured. This may include any kind of physical damage, bodily injuries or damage to property and covers the cost of all reasonable medical treatment for injuries received in the accident, loss of wages, cost of care services, and in some cases compensation for pain and suffering. Notably, the motorist or the insured is responsible for his own loss as he is not covered for any loss in such type of insurance.In Victoria, Third Party Personal insurance from the Transport Accident Commission is similarly included, through a levy, in the vehicle registration fee. A similar scheme exists in Tasmania through the Motor Accidents Insurance Board.
In Queensland, CTP is a mandatory part of registration for a vehicle. There is choice of insurer but price is government controlled in a tight band.
In South Australia, Third Party Personal insurance from the Motor Accident Commission is included in the licence registration fee for people over 17.[8] A similar scheme applies in Western Australia, though there is only one CTP insurer, the Insurance Commission of Western Australia (ICWA).From Here You Can Get Different Jobs. Such As Education Department Gujarat, Engineer Jobs, Diploma Candidate Jobs, Divya Bhaskar Bharti , Low Job And Various Other Jobs. Our Site Is Famous For The Preparation Of Competitive Exams. Here are important current affairs -GK questions with answers that will help you all for any competitive exams.we have updates today daily Gk – Current affairs of of every day to day ,current affairs 2017-18.