In NSW Australia, you should be familiar with the word CTP. This little word stands for a big thing that matters a lot for the motorbike riders in the NSW because they have to take this insurance cover for the sake of getting on the road.
In case if you have your bike on the roads and you don’t have registered for the compulsory third party insurance then you will be banned and you will have to remove your motorbike because you will not be considered eligible for the use of motorbike on the road no matter if you have previously got the license.
In that case, this type of insurance becomes compulsory for all the motorists on the road. Compulsory refers to the thing that you cannot ignore or resist in case if you don’t understand it. This kind of insurance is always included in the motorbike papers so when you have your bike you already have paid for the insurance that is compulsory.
So if you are worried about getting discounts on this or trying to shop around for the CTP, then you are considering it totally wrong. Because it is not like the other kinds of vehicle insurance. This is always included in the motorbike registration and you pay it as soon as you get your vehicle registered.
Further, this is not an expensive option and you don’t have to worry about the prices. This is the best thing you may need to get for your bike as they will cover all the accidents you may cause to the other vehicles and legal liabilities caused due to the issues your motorbike have caused.
This ensures that you will not have to compensate at once and you will be paying for the installments whereas the insuring company will compensate the third party on your behalf.
