What does CTP insurance cover?

CTP insurance, or Compulsory Third Party insurance, is designed specifically to provide financial protection for individuals injured in motor vehicle accidents. The coverage includes the cost of medical treatment and compensation for any injuries sustained by people involved in the accident, regardless of who is at fault. This means that if you’re injured while in an accident with another vehicle, CTP insurance can help cover your medical expenses and offer compensation for things like lost income due to the accident. This essential insurance is mandated in many regions to ensure that victims have access to necessary medical treatment and support following an accident.

The other options mentioned pertain to different areas of vehicle protection and are not encompassed by CTP insurance. For instance, coverage for vehicle theft and damages falls under comprehensive or collision coverage, while legal fees related to road accidents would typically be handled by separate legal assistance plans. Vehicle servicing and maintenance costs are expenses incurred by the vehicle owner and are not covered by CTP insurance, which focuses solely on injury compensation.