In India, you must maintain your vehicle insurance as current as the day you bought it. You may forfeit the protection that comes with having insurance if you neglect to renew it on time. In other words, you won’t be able to file a claim or get coverage from the insurance company if the car becomes damaged after the policy ends. Ensure your car insurance policy is renewed before the deadline for peace of mind when driving. We’ll guide you through the online renewal process.
Steps To Renew Policy after Expiry
To renew your car insurance, follow these easy steps:
Step 1: Firstly, you must check the car insurance expiry date. Subsequently, choose and purchase a new policy that aligns with your requirements, considering factors such as the make and age of your vehicle, along with other vital information.
Step 2: Before your current policy expires, check your car by a third party (such as an insurance company representative) or yourself. This is necessary to renew insurance. Once you decide to self-inspect, your insurance buddy guides you through the next moves.
Step 3: They’ll send someone from their team to take a good look at your car, like a detective, but for vehicles. This expert will jot down any bumps or bruises your car might already have and then decide whether your insurance is a go. It’s like getting a car check-up, but the insurance peeps are the ones with the stethoscope. They've got your back!
Step 4: Your new car insurance policy will be sent to you after the inspection.
What Happens If You Fail To Renew During the Break-In Period
There can be legal repercussions if your insurance policy has expired. Driving without proper car insurance in India isn’t just risky; it can lead to hefty fines ranging from INR 2,000 to INR 5,000, accompanied by a potential three-month jail term. Beyond the legal consequences, the absence of insurance complicates covering medical expenses after an accident, adding financial strain. Securing sufficient insurance coverage for your car is not only a legal requirement but also an essential measure to protect yourself from unexpected financial burdens in the event of an accident. Stay covered, stay responsible on the roads.
Conclusion
Renewing your car insurance policy after its expiry is not just a legal obligation but a crucial step in ensuring continuous protection against unforeseen events. Failing to renew on time may leave you vulnerable to potential risks, and the consequences of not having active coverage can be significant. Regularly checking and renewing your car insurance is a responsible practice that guarantees peace of mind and financial security while on the road. Remember, the process can be streamlined with online renewal options, minimising any disruptions and ensuring your coverage remains intact for another term. Stay proactive, renew on time and drive with confidence knowing that your vehicle is safeguarded.
Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the Insurance industry and products. It is advised to verify the currency and relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.