Friday, May 16, 2008

going beyond CTP (part 2)

now that we've learnt the basics of what CTP is/does, you may notice that CTP only covers other people (the third party). government legislation for CTP does not provide compensation for the injured driver "at fault" in an accident. this is where the CTP insurers can provide an add-on product or incentive benefit to fill this gap. there are various names for this additional insurance, but they are all free / included with your CTP insurance, and they all aim to provide some form of benefit to the at fault driver for injuries s/he may sustain in an accident.

in addition to the premium, there are differences in the various covers provided to the at fault driver by each insurer. for example, the maximum claim per policy currently ranges from $250,000 up to $2,000,000 between the queensland CTP insurers. there are also differences in what's covered, and time limits for claiming etc. listed below (in no particular order) are each of the six licenced CTP insurers in queensland, along with brief details of significant differences in their offerings, plus links (where applicable) to find further information. my notes are offered as a guide only, and you should rely upon the actual policy documents to make any final decisions.

the last 4 insurers on the list are all currently charging the same price for CTP for my class of vehicle. for me, it seems clear after checking out the options that i can, for the same price, get a lot more benefit (which i hope i'll never actually need to use!) by switching to another insurer for my next registration period... which i've just done with a 3 minute phone call to queensland transport. too easy.

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related posts:
going beyond CTP (part 1)
saving on CTP


  1. Good information, good blog. Some people just have no idea of a good thing do they!

    Keep up the good work.

  2. thanks for the feedback :) glad that others can benefit from my research.