It is something that needs to each controller before inauguration of a vehicle. It is not only compulsory insurance by law, it is extremely necessary in the event of a car accident. This very important type of cover can provide for costs of repair and medical bills, for the drivers of both cars involved in an accident. This article will examine some of the most common types of car insurance, and what they cover.
CTP (compulsory third-party) is the most basic type of coverage needed to drive a car, and because this is the least expensive. However, the coverage is very minimal. In case of accident, will cover the costs of injuries to other persons involved in the accident. These may include: passengers in the vehicle of the insured, in the other car and pedestrians or cyclists affected in the accident, if the insured is at fault. It does not cover damage to any of the vehicles involved, nor covers injury to the insured. Read More
