03-31-2014, 08:28 PM
Australia also has compulsory third party insurance. At the time of registration the vehicle owner is required to have a Compulsory Third Party (CTP) policy. It covers personal injury caused by the vehicle/owner/driver in an accident. It's pretty comforting.
Comprehensive insurance, covering damage to property, including damage to your own vehicle, is optional and a good deal more expensive. It is the comprehensive policy that is likely to be affected by modifications.
Comprehensive insurance, covering damage to property, including damage to your own vehicle, is optional and a good deal more expensive. It is the comprehensive policy that is likely to be affected by modifications.