Car Insurance Renewal Is Necessary to Keep Continuation in Coverage

As per motor vehicle act 1988, if you own a car and drive on Indian road, you should opt for third party car insurance policy. Apart from the legal obligation, a car insurance plan is needed to provide complete protection to your very own possession. To keep continuation in car insurance coverage, car insurance renewal is necessary. Motor insurance policies need to be renewed every year. Getting your car insurance policy renewed before its expiration is not just important, but also essential. If you fail to do so, it may lead to a lot of other complications. You can buy or renew your car insurance policy from GIBL.IN.

Car Insurance Renewal Process

By following some steps you can complete your car insurance renewal process online. In the fast pace of life, people do not have enough time to visit the physical outlet and get the policy renewal done offline. Getting online policy renewal done not only save a lot of time but also the process is hassle-free and convenient.

To complete the renewal process, all you need to do to log in on the website of your insurance provider, fill in the required policy associated details and pay the renewal charges online. Once you have done the payment, your car insurance policy renewal will be issued on your name. You can also calculate your motor insurance premium online by using car insurance premium calculator. You can complete this renewal process from the reputed online insurance broking portal GIBL.IN.

Consequences of Not Renewing Car Insurance Policy on Time

Here are some consequences, if your car insurance policy gets expired:

• You need to get your car inspected once again before you buy a fresh car insurance policy.
• Your new insurance policy will not just be expensive but you will also lose all the benefits of your earlier accounted year like “no claim bonus” if it is not renewed within 3 months from the date of expiry.
• In an ill-fated incidence, if you meet with an accident without a valid car insurance policy, you will have to compensate all the expenses by yourself.

What Should You Do If Your Car Insurance Expires?

When your car insurance policy crosses the renewal time, at first you should immediately contact your insurance company to check for the available options available. In such case, some insurers may not allow online policy renewal; you may need to visit their physical office with necessary documents.

That is why it is always suggested to be on the safe side and renew your motor insurance policy well in advance or within the stipulated time. If you were unable to do the same within the time, you have to be sure to follow your insurance company’s strategy.

Hence, if you have a car insurance policy, you should consider car insurance renewal. Motor insurance renewal is evenly important as purchasing the policy. To get your renewal done in a hassle-free way, you can choose GIBL.IN.