Though there is a vast and very distinct difference between the CTP and the comprehensive insurance for the cars still some people think that when they have the comprehensive car insurance they may not need to get the CTP or compulsory third party insurance nsw.
It is an important thing to understand that when you are in the process of getting the comprehensive car insurance quotes QLD then it should not be mixed up with the fact that you will still need to get the CTP to assure that you are legally allowed to take your car on the road.
In case if you skip taking it you may get into trouble by not fulfilling the legal requirements of having the green slip or CTP for your car.
There are many differences that maintain the fact that getting a comprehensive insurance for the car and the ctp does not stand on alternative options. Rather, they are the two different kinds of insurance coverage policies in which CTP is the most basic necessity whereas getting a comprehensive insurance is different and may be changed depending on the kind of insurance you need for your car.
The main differences between these two types of insurance policies are:
- The comprehensive insurance policy covers the insurer and his or her car as its basic features whereas in the CTP the third party coverage is the basic reason that the person has the insurance.
- Getting CTP is compulsory whereas getting a comprehensive car insurance is not compulsory and the owner can go for another type of car insurance that suits the needs very well.
- The cost of getting CTP is lower as compared to the cost of getting comprehensive car insurance.
So, depending on the differences and purpose of having these two types of insurance policies we can say that both are important and may not be considered as a substitute if each other.
