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Compulsory Third Party (CTP) Insurance South Australia
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Spread the love VIEWS: 251 CTP Insurance South Australia It might seem like just another expense, but Compulsory Third Party (CTP) insurance is compulsory for a very good reason. It offers some financial liability cover for drivers who are responsible for collisions and helps road accident victims and their families when they need it most. For more information about how it benefits you, here’s how CTP insurance works in South Australia. How CTP has changed in SA Until recently, CTP insurance in South Australia was managed by the Motor Accident Commission (MAC) and provided exclusively by Allianz SA CTP. However, due to changes in legislation, the CTP Insurance Regulator has been managing the scheme since 1 July 2016, and cover is now provided through four private insurance companies. The new CTP providers are AAMI, Allianz Australia Insurance Limited, QBE Insurance (Australia) Limited, and SGIC. MAC will continue its work in road safety […]
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