A green slip is a new category of insurance policy that is to done when you buy a car. It is providing the services of protection from any kind of a damage claim if you or your driver met with any kind of road accident. There are two schemes that are involved when you buy a green slip. Life time care and support scheme and the third party insurance scheme. Green slip provides hefty amount of compensation for the person injured or killed in a motor vehicle accident. It covers many categories including cyclists, pedestrians, motorcyclists and driver of a vehicle. if you do a green slip it will not cover the driver involved for his error unless the driver is seriously injured. There are many kinds of green slip available it is best to avail the green slip and choose the best one according to premium after green slip comparison.
Compulsory third party or CTP green slip is a nice idea because most of the time innocent victims do not get the compensation they deserve. This kind of insurance provides any liability for driver as well as anyone injured in the accident. This was also previously called the RTA green slip.
There is a price comparison service website available where you can compare the prices of the CTP green slip and this website is operated by Motor Accident Authority. This is a reliable website and will definitely help in CTP green ship comparison. The price comparer will enable you to choose the best policy for you available according to your vehicle and other details. There are many companies who are providing these services and you could easily choose the cheap green slips with right level of insurance. This is a very necessary insurance for your vehicle and driver as well thinking of the benefit of the third party to get rid of any kind of unpleasant activities if by any how accident occurs.
There is a fixed premium that you need to pay in order to maintain your green slip and also a renewal date by which every year your green slip gets renewed. The amount of premium that you need to pay depends upon various things mainly on the amount of coverage you want to get after any kind of accident and that can be calculated by using green slip calculator. This service is a great initiative towards society. To know more about green slip quotes in Sydney NSW, visit http://www.regomate.com.au/.