New Delhi. If you have a car, then it is not only important to have proper insurance but it is also necessary under the Motor Vehicles Act, 1988. It is legally required to purchase insurance along with the car. Actually driving a car without a valid car insurance policy is a punishable offense. Car insurance protects your car and also prevents theft, fire, accidents, natural disasters and other losses. Along with this, it is also mandatory to renew a car insurance policy and if you do not have a valid insurance policy then driving a car is illegal. Let’s know the easiest way to renew car insurance.
Disadvantages of not renewing
It may have happened to you many times when your car insurance has expired, because you would not have renewed it before the expiry date. If your car was stolen or it suffered some damage after the policy ended, you may have to bear heavy expenses. Therefore, it is always better to renew a motor insurance policy on time to avoid any financial and legal issues.
Companies give grace period
Usually insurance companies give a grace period of 15 to 30 days from the due date (last date). Under this, the policyholder can pay the premium without availing the coverage. If the grace period also ends then you will have to buy a new car insurance policy. In order to renew the policy, the policyholders will have to inform the insurer on getting an update about the termination of the motor insurance policy. Once the insurance company is informed you can fix an appointment for a vehicle survey. The surveyor will inspect the car and see if there is any damage beforehand. Once inspected, the policyholder will receive a payment link to renew the expire policy.
Do online car insurance renewal
Renewing car insurance online is quite easy and it is also better to save time. In this, you do not have to contact an agent nor go to the insurance company office. Unlike the offline process, you also avoid paperwork. There is a lot of paperwork in the offline process. It is also a secure process and is less prone to fraud. 3 important things to keep in mind while renewing your health insurance
This is the whole process
Now know the online method of car insurance renewal. Log on to the insurance agency website and choose the option that will help you renew the existing policy. Fill the online form with your current policy number and email id. You will see a quote for the premium of the new policy. If you agree with the quote then you can proceed to Renew. If not, you can go to other insurance agencies and look for better options. You can pay the premium immediately if agreed. These payments will be done through debit card, credit card, net banking or other online wallets. Acknowledgment will be sent to your email ID after payment. You will also find the renewal policy document on your email ID.
