Sign In
For assistance with claim related queries in the CYCLONE affected regions of Tamil Nadu, Andhra Pradesh, and Kerala, please click here

5 Things You Must Always Keep in Mind When Insurance Policy Expires

With the update in the Motor Vehicle Act 2019 it has become even more essential to know about the various aspects that affect you as an owner of a vehicle. Motor insurance is a major aspect that you need to know about.​​​​

Below we list five things you must always keep in mind when your car insurance policy expires​

You must not let your car insurance expire in the first place. You should know the validity of your car insurance policy and you must make it a point to renew your car insurance policy when the due date is nearing. A motor insurance policy generally has a validity of one year. You need to renew it before the due date to avoid inspection of the vehicle. If you fail to renew your motor insurance policy on time, it expires. First of all, there is a lot of risk and penalties involved when your policy lapses and secondly your vehicle will also be inspected before renewal. Hence, you must renew the policy on time and save your precious time and money. You must take care of a few things that will bring you in back in a safe position. 
Once your car insurance policy has expired and therefore your car is fully at risk. If anything happens to your car, you are not liable to receive any kind of cover for the damage caused. Whether your car gets stolen or catches fire, you will have to manage without any financial assistance. 

Here are 5 things you must always keep in mind when your car insurance policy expires -

Get in touch with your agent

Even if you have managed to miss out on the due date for renewal, you can contact your insurance agent and take things forward. Your agent will be in a better position to help you out in such cases. Your agent could reinstate the insurance policy and save you from paying any kind of penalty. 

Avoid driving your car

Driving your car means putting it to further risk. It may not be your fault but a minor damage to your car will not be covered by the insurance policy. If you just cannot do with your car, call and check with your insurance provider whether or not they have an option of renewing your policy online. In case of an online renewal system, your car insurance can get renewed in a couple of hours.

Buy a new policy

If your insurance company has cancelled the policy on the grounds of non-payment of premium, you will have to renew your expired car insurance policy. There are a lot of insurance companies offering car insurance at affordable rates. However, you must go for a policy that is reliable.

Click and buy

There are a lot of people who are hesitant buying car insurance online. It may surprise you to know that it is very easy and completely safe. It saves a lot of time and also premium payable is less as compared to an agent. 

Be careful in future

Make it a point to pay your premium on time to avoid policy lapse.