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Compulsory Third Party (CTP) Personal Injury Insurance - limits set?

Old Oct 20, 2008 | 12:43 PM
  #1  
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From: CT
Compulsory Third Party (CTP) Personal Injury Insurance - limits set?

Hi guys!

I am studying personal injury liability requirements as it relates to motor vehicle accidents abroad and Australia is a bit confusing to me.

From what I understand, personal injury is not included under motor vehicle insurance products but is purchased separately. What I cannot find is the minimum limit allowed and the maximum limit you can purchase. I understand that there are individual state requirements (just like the United States) but I could not find anything in the following website:

http://www.understandingmoney.gov.au...ces/#Insurance

(For example, in Connecticut, U.S., the minimum allowed is $20,000 USD for bodily injury per person, $40,000 total per accident. A reccommended limit is $500,000 for bodily injury with an additional excess layer of $1 million with options up to $50million.)

Can you advise of what you carry or if you have further information on your governing State requirements for personal injury coverage?

Thanks in advance for any feedback -
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Old Oct 20, 2008 | 05:01 PM
  #2  
Revolver's Avatar
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From: Sydney, Australia
Not too sure about other states but check this site out for New South Wales:

http://www.maa.nsw.gov.au/

Should answer most of your questions or at least give you someone to ask...
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Old Oct 21, 2008 | 11:21 AM
  #3  
fitz75's Avatar
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From: CT
Thank you, I have exhausted that site. From what I gather the CTP coverage is unlimited but premiums vary by state.
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