Checklist For Car Insurance Policy While Relocating In India

Relocating to a new city is challenging when you move with a car. Different states have different laws and the terms and conditions of car insurance policies also tend to change. However, today it has become considerably easier to manage your insurance policy while moving, thanks to technology. You can keep yourself updated about the things that you need to do before you relocate. In this article, we are going to help you to be prepared for that shift by highlighting a checklist for your car insurance policy. It is recommended that you closely follow these guidelines to have a seamless experience. 

Checklist of Car Insurance Policy While Relocating In India

The following is a list of pointers that will help you to relocate with your car anywhere in India with ease. 

• Upgrade Your Insurance Policy 

While your car insurance policy would be valid within India, it is advisable for you to upgrade your existing insurance policy, if you are moving from a non-urban setting to a metropolitan area. Metro cities have a higher risk of accidents and so, an upgrade from a basic third-party car insurance policy to a comprehensive plan is highly recommended. It will cover your bodily injuries as well, in addition to covering the damages sustained by your car due to an accident. 

• Purchase Add-Ons 

Add-ons are an additional protection cover that comes at the payment of an extra fee. Add-ons are available in a variety of options and seek to offer specific protection for your engine, tyres and even roadside assistance in case you are stranded. You should consider buying appropriate add-ons to minimize the cost of repairing your car at a time when repairing your car will only add to the costs of relocating. 

• Get NOC From RTO 

It is advisable to register your car with the Regional Transport Office (RTO) of the place you are relocating to. Without prior registration, it would be illegal to drive in a state where your car is not registered. Hence, you must obtain a No Objection Certificate (NOC) from the RTO where your car is registered to reduce your troubles of driving in a new state. 

• Inform Your Insurance Provider 

You must remember to inform your insurance provider about your new address or changes made in your contact number. Barring this, it might be difficult for you to avail some of the benefits under your policy. It would be useful if you get an official document where it shows the receipt of your changed address by the insurance company. 

• Transfer Your No Claim Bonus (NCB) 

A No Claim Bonus (NCB) refers to the discount that you receive on your premiums for not making any claims to your insurance provider in a single policy year. It is an incentive for safe driving and not sustaining any damages on your car. Your accumulated NCB is transferred in most cases and you must not forget to take advantage of this benefit. After moving to a new place, you should transfer the NCB to your insurance plan to continue receiving discounts. 

Take Away 

These are the most significant points that you must remember to check for your car insurance policy before you make the final relocation to a new place. Hopefully, the above pointers will aid you in completing your moving much more easily. Insuring your car is mandatory and one of the first things to guarantee financial protection for yourself and your car. You should take every precaution to secure one, if you already have not invested in one yet. 

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.