What is car insurance? Compulsory Third Part (CTP): Covers damage to other people. It is compulsory to have CTP insurance in order to register your vehicle.
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Australia’s insurance market can be divided into roughly three components: life insurance, general insurance and health insurance. These markets are fairly distinct.
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Third Party Property. Third Party Property car insurance will pay towards the repair costs for any vehicles or property you may damage in an accident when you are at.
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