How to Revive a Car Insurance Policy?
In today’s busy life, it is natural to forget a few things no matter how well you plan ahead. It is true for car insurance policy as well. Regardless of how particular you are about remembering dates, you may fail to renew your car insurance policy in time and end up repenting.
It always makes sense to renew your car insurance policy much in advance. This is because there are a lot of risks and penalties involved in driving a car without insurance. However, if your policy ever gets expired, it is important you immediately purchase a new policy.
Here is Why You Should Never Let Your Car Insurance Expire
If your car insurance expires, it puts your vehicle at risk. You are not covered for any sort of mishaps. In order to renew your car insurance policy, your vehicle will have to go through inspection all over again . Also, if the policy has expired for more than 90 days, you will lose on the No Claim Bonus and will need to pay the complete premium amount without a bonus.
Here is what you should do if your car insurance policy gets expired –
Do Not Drive the Car
When your car is not covered, driving it is full of risks. Whether you are involved in an accident or the car is stolen from the place where you had parked it, nothing will be covered by the insurance policy. Therefore, it makes sense to avoid driving your car until you renew your policy again.
Renew Your Expired Insurance Policy
You can renew the expired car insurance policy online without any hassle. These days insurers have Self Inspection app which is very user friendly and you can renew expired policy.
Set Policy Renewal Reminders
In order to ensure that you do not miss on insurance policy renewal ever again, it is better to set reminders a few days prior to the due date.
Disclaimer: The above information is for illustrative purpose only. For more details, please refer to policy wordings and prospectus before concluding the sales