As everybody knows getting a CTP means the mandatory insurance that everyone must acquire before starting to drive on the road. Whether you are a bike rider or a car owner, you need to get the green slip so that to get protection when you are at fault and has caused some kind of damage to the other person or the third party who is not involved or not at fault in an accident.
Sometimes people may not know how important is to get the compulsory third party insurance because they may consider that there is no cover for their injuries or damages of their vehicle so it is not acceptable.
CTP or the green slip is actually a compulsion not because the government or local state laws need to protect the injured people in an accident but these kinds of compulsions play many roles in defining the safety rules on the road.
One thing that are sure is the fact that when the CTP covers third-party claims when you are at fault, you will be kept away from the possible claim amounts and that assures your financial safety for sure.
In addition to that, the CTP assures every person who gets injured or gets affected by the other driver who is at fault and assists the victim in getting the quick and easy claim processing so that they can get immediate help.
Getting a compulsory third party is not equivalent to getting the third party property damage because it only takes into account the third party vehicle and the injured person and not the property standing by the accident.
Also, this kind of coverage does not mean it will cover your injuries and damages so you may need the coverage for you separately and should not ignore that in any way.
