All About Greenslips in Nsw

by : rianne de leon

This article is meant to discuss the Greenslips policy in NSW, Australia. It covers the definition of this car insurance, the conditions, and benefits of acquiring Greenslips in NSW.

What are Greenslips?

Greenslips is a compulsory car insurance, and a condition for getting your motor vehicle registered in the Australian region, New South Wales. It is also known as the CTP Greenslips or the Compulsory Third Party Personal Injury insurance.

What are the benefits of getting the Greenslip in NSW?

The CTP Greenslip in NSW is meant to be a protection for you, and whoever is driving your registered vehicle. Since it is a form of insurance, it covers you from claims and compensation made by others when you get involved in vehicular accidents. Regardless if it was a simple injury, or something as grave as death, your CTP Greenslip protects you from losing money due to liability.

In October 2006, the New South Wales Government made a worthwhile improvement in the Greenslip policy. There is an increase in the price of a Greenslip along with the addition of the Special Children's Benefit. This means that children injured in motor vehicle accidents will benefit from complete medical care, including recovery procedures, for as long as they need it.

The Special Children's Benefit policy in Greenslips in NSW is not non-fault based. All children injured in vehicular accidents will receive the necessary treatments, regardless of who was at fault. Because of this, the cost of Greenslips in NSW has increased slightly since October 2006.

How to get a CTP Greenslip Insurance in NSW

Before you can register your motor vehicle, it is being required in NSW that you buy your own CTP Greenslip. It is a compulsory condition upon registration. A confirmation of your CTP insurance must be received by the RTA or the Roads and Traffic Authority, before you apply for registration.

Where to get a well-priced Greenslip in NSW

You can now apply for a Greenslip in NSW online. There are various sources of Greenslip calculators and websites that offer price comparison of Greenslips in NSW.