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Does TAC pay lump sum compensation?

April 26, 2017compensation lump pay Tac

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Does TAC pay lump sum compensation?

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Yes. TAC pays a no fault lump sum benefit called an “impairment benefit” to eligible accident victims. As the Compulsory Third Party Insurer of all Victorian registered motor vehicles, TAC also pays lump sum awards of common law damages to seriously injured transport accident victims.