What Is The Importance Of Green Slips In Sydney

A green slip is a Compulsory Third Party (CTP) insurance policy, covering the medical expenses of the people injured or killed in an accident, where your vehicle is at fault. It is essential for every automobile owner to have a green slip, before registering the vehicle. It is a valid document all over Australia. Many companies claim to provide cheap green slips in Sydney, and thus, you have to make efforts to get the details of the most reliable firm. 

 

You can get the insurance reimbursement only if your vehicle is registered, otherwise you are personally liable for all the losses to the individuals in the collision. It covers all the passengers in your vehicle, and the road users, including drivers, passengers, pillion passengers, cyclists, motor cyclists and pedestrians. Keep in mind that it covers only human damage, not any materialistic property. Thus, to get the claim for your car damage, you will have to buy some other policy. Also, get a suitable policy for the vehicle's theft, so that you can get the compensation, if you get involved in such situations.

Green slips are available for all types of automobiles, like trucks, bikes, buses, and cars. Consult a licensed and reliable company to get the cheapest green slip in Sydney. Their prices depend on the driving skills of the individual, accident track record, type of vehicle, and other factors. Those who drive carefully will pay lesser money as compared to the reckless drivers. So, drive properly to get the policy at an affordable rate.