Try not to delay your car insurance renewal. You should always renew it before the due date of your insurance expiry date. As if the car insurance policy lapses and there are damages in your car (or your car gets stolen during this period) after that, you have to bear the financial losses.
Generally, all car insurance companies provide a grace period of 15 days to one month from the policy’s due date. You can pay the premium of your insurance policy during this period and get your policy renewed. However, if you do not renew your insurance policy during the grace period, you have to purchase a new car insurance policy for your car.
Here are the steps to renew your car insurance policy online:
You will get the documents of your renewed car insurance policy on your registered email id. If you wish, you can download a copy of your policy’s document and get its printout anytime you want.
Here are a few points that you must remember at the time of renewing a car insurance policy:
As we all know that riding a car without a valid driving license in India is a punishable offense. So, you should always renew your car insurance policy on time. Moreover, if you encounter any unfortunate circumstances while your car insurance policy is not renewed, there will not be any help from your insurance company.
Moreover, you also lose your ‘No Claim Bonus’ or NCB if you do not renew your car insurance policy before it expires. Therefore, it is always recommended to renew your car insurance policy on time to avoid any type of legal or financial issues.
As soon as your car insurance policy expires, the first and foremost thing that you should do is to inform your insurance provider. When you inform the insurance company, it will fix a survey of your uninsured vehicle. The surveyor inspects your car and finds if any pre-existing damages could be charged to the insurer in case of any future claim. After completion of the inspection process, you can also buy a new car insurance policy because this inspection is not valid for a longer duration.
Having said all the aforementioned points, the car-renewal process can also be termed as a period wherein you can easily switch your insurance provider, in case you are not happy with your existing insurer. In case of an insurer switch, you should look for an insurance provider that offers better services and enhanced coverage for your car. As a car insurance policyholder, you can as well buy add-ons for enhancing the coverage of your car insurance policy. Therefore, compare different quotes online and opt for an insurance provider that can provide you better car insurance plans at a reasonable premium.
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