Legally, every motorist in Australia must have Compulsory Third Party (CTP) insurance active for their vehicle to register it and drive on public roads, though this baseline coverage strictly handles injury or death liabilities rather than property damage. While additional property or comprehensive car insurance is optional by law, driving without any form of property damage protection carries immense financial risk if you cause an accident. Therefore, while optional property insurance is not strictly mandated by the government, it is practically essential for anyone wishing to avoid catastrophic personal debt resulting from traffic mishaps.
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