Third-party damages cost a lot and sometimes they cost more than the damages done to your won vehicle so it must be considered for sure.
In Australia, people need to keep things managed properly and should keep in mind that if they are not dealing with their responsibilities carefully they will find themselves in trouble for sure.
The government in Australia always tries to make sure that the residents there would be kept safe from all possible issues, risks and financial impacts in a way or another and for this purpose, they have made it compulsory to have insurance for cars, bikes, homes, and people themselves.
There are multiple types and levels of insurance plans that are offered to the people who understand the importance of keeping themselves away from possible financial issues that are caused by the sudden damages and incidents that may occur anytime and anywhere.
So in addition to the personal insurance plans, car insurance, and contents insurance plans, you must be able to know that there are other people around you and you need to protect yourself from the obligations and troubles caused when you become a cause of their loss as well.
A third party insurance is what you will need in case if you have caused damages to the other person vehicle even if he was not involved in any kind of accident with your vehicle.
In that case, you should understand that getting third party insurance can help you both you as you will not be paying anything to the third party and the third party is benefitted if they get their compensation claim approved and get the needed help on time.
That is why ctp green slip has been made legally necessary so that no one is in a situation where they may need to pay for huge losses even if they cannot do so and will be helped out in a proper way.
It is better to be prepared for such incidents rather than regretting on them later.
