In Queensland if you have a motor vehicle accident or suffer an injury at work, it may be that you are entitled to compensation for the accident you have suffered. This short article discusses the different options available to you and some of the points you should consider in addition to seeking legal advice from a qualified Australian Legal Practitioner. The relevant legislation for consideration is the Motor Accident Insurance Act 1994 (Qld).
In Queensland you must register your vehicle, such as a car or any other vehicle that travels on Queensland roads, with the Queensland State Government. Part of this registration fee is Compulsory Third Party Insurance, or CTP for short. Should you be involved in an accident the CTP insurance steps in to pay for damage caused to the vehicles involved in the crash and also to pay for medical costs that may be associated with personal injuries suffered. But have you ever wondered who the third party is? Not to mention the first and second party?
Throughout the entire state of Queensland the first party is the driver or owner of the vehicle that is at fault in the accident. The second party is the CTP insurer of the at fault vehicle and the third party is the person or people injured in the accident. Due to the very high medical costs that can be incurred after these accidents the Queensland Government decided to make it compulsory for every driver/owner to take out insurance to cover injuries caused by motor vehicle accidents as a matter of public policy.
An entire industry has sprung up around personal injuries sustained due to car and other motor accidents. Just imagine how much money is held by CTP insurers when everybody who drives in Queensland contributes a large amount of money annually to these accounts. This is why people retain personal injuries solicitors in Brisbane according to Hall & Co Solicitors.
In most cases it is more expensive for the CTP insurer to fight against a claim than to pay up a reasonable amount of money to the injured person. Personal injuries lawyers understand this and litigation is always an option for somebody who is fighting an insurance company that wants to hold on to the money and earn interest on it. Lawyers use this as a threat to the CTP insurers so they use it for its rightful purpose and that is to compensate people who have been injured and have paid their dues as lawfully required.
According to a lawyer who conducts litigation against insurance companies for injury compensation in Brisbane, there are large fines if you do not have CTP insurance for your vehicle. Even more worrying is what can happen if you should become involved in an accident. If you don\’t have CTP insurance and somebody gets injured and you are at fault you could be personally liable to pay them damages and compensation. Accidents are very common, often through no deliberate fault of the driver, and no CTP insurance could leave you with no money in the bank for years to come.
If you would like to find out more info on car insurance compensation law, then contact the Queensland Government for your needs.
Brisbane Motor Vehicle Insurance Law Explained
