Coronavirus: Renewing Your Car Insurance During The Pandemic

According to the Indian Motor Vehicle Act, having a valid auto insurance policy is required to drive legally on the road. Many limitations, like lockdowns and restrictions on social gatherings, have been imposed as a result of the pandemic. This makes getting your car insurance renewed more complicated. This article will show you how to solve the problem in a straightforward manner.

How To Renew Your Car Insurance Policy During The Pandemic? 

The advent of the coronavirus has significantly altered our way of life. Technological advances have enabled us to put our daily activities and work on an online platform. The majority of insurance businesses now offer their services online. During this time, the best option to renew your car insurance is online.

You can renew your car insurance coverage at your leisure and from the comfort of your home by visiting your insurance company's official website. The process for renewing your car insurance varies per insurance company. Make sure you have all of your documentation on hand and that you can easily renew your insurance online. 

Why Should You Renew Your Car Insurance? 

The government has made it obligatory to have legal car documentation, thus renewing your car insurance is an unavoidable task. The following are some of the reasons why having a valid automobile insurance policy is critical:

• Accidents Are Always Unpredictable

Even if you are not driving your automobile, there are many chances that it will be damaged. Natural disasters, theft, fire, or vandalism are all possibilities. There has been a slew of natural disasters since the lockdown began. Car theft is extremely widespread in India. A car is a significant financial investment. It's exhausting to keep track of the costs of repairing these problems. Having valid car insurance will pay you for your loss and cover the price of any repairs.

• Inspection is Not Required

When you buy new car insurance, you must have your car checked and inspected. Car insurance policy renewal is a simple process that does not necessitate a vehicle check. It is recommended that you renew your car insurance policy on time if you want to dodge an examination of your vehicle.

You may also like to read:- Benefits of Return to Invoice Cover (RTI) in Car Insurance 

• Keeping Claims from Being Rejected

Your car insurance, unlike the pandemic, does not have an expiration date. If your car insurance policy term has expired and you have an unfortunate event that causes damage to your car, your claim will be denied. If you want to prevent having your car insurance claim denied, the best thing you can do is renew your policy on time.

• No-Claim Bonus Guaranteed

The lockdown significantly minimizes your need to use your car on a regular basis as you once did. If you have a valid insurance policy, you will receive a no-claim bonus for each year that you do not make a claim on your car insurance. The lockdown allows you to avoid filing a claim on your car insurance, resulting in a reduction in your premium.

• Premiums for Car Insurance

You will need to obtain new car insurance coverage if your policy period has ended. In comparison to the cost of renewing your policy, this will result in a higher premium. Therefore,  renewing your plan on time will save you money on your premiums.

Also Read:- Benefits Of Using a Car Insurance Premium Calculator 

Take Away

Lockdowns have had a significant impact on the automotive sector and our way of life. Even if you don't drive during the lockdown, having proper car insurance protects you financially in the event of an unexpected event that damages your vehicle. Therefore, make sure to renew your auto insurance coverage online and remain at home safely.

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.