How To Renew Your Car Insurance Amid The Pandemic?

Having a valid car insurance policy is mandatory to drive your car legally on road according to the Indian Motor Vehicle Act. The pandemic has brought in many restrictions which were absent before such as lockdowns and restrictions on social gatherings. This makes going around to renew your car insurance rather difficult. This article will provide you with a simple remedy for this issue. 

Why Should You Renew Your Car Insurance? 

Having valid car documents is made mandatory by the government which makes renewing your car insurance an inevitable process. The following are the reasons as to why it is important to have a valid car insurance-

• The Unpredictability of Accidents

Even if you are not using your car, there are many possibilities that your car may sustain damages. It could be from natural calamities, theft, fire or vandalism. Since the lockdown has started, there have been many cases of natural calamities. Car theft is not uncommon in India at all. A car is an expensive investment. Handling expenses incurred to repair these damages are exhausting. Having a valid car insurance will compensate your loss and cover the costs incurred to repair any damages. 

• Avoid Rejection of Claims

The pandemic may have an ever extending deadline, but your car insurance does not. In case of any misfortunate event that causes damage to your car, your claim will be rejected if your car insurance policy term has expired. If you want to avoid the rejection of your car insurance claim, the best option is to renew your car insurance policy on time. 

• Secure No Claim Bonus

The lockdown definitely reduces the need for you to use your car on a regular basis like you used to. Having a valid insurance policy will fetch you no-claim bonus for every policy year that you have not claimed your car insurance. The lockdown provides you with the opportunity to avoid claiming your car insurance which will thus fetch you a discount on your car insurance premium. 

• The Cost of Car Insurance Premium

If your policy period has expired, you will have to purchase a new car insurance policy. This will cost you a higher premium amount when compared to the amount you have to pay for renewing your policy. Thus, renewing your policy on time will save you unnecessary expenses for your premium.

You may also like to read:- Renew Car Insurance Policy Online to Enjoy These 6 Benefits! 

• No Requirement of Inspection

Purchasing a new car insurance will require your car to undergo inspection. Car insurance policy renewal does not require any inspection for your car and is a hassle-free process. If you want to avoid an inspection of your car, it is advised to get your car insurance policy renewed on time. 

How To Renew Insurance Policy During Pandemic? 

The advent of the coronavirus has changed our lifestyle to a large extent. The development of technology has helped us to take our daily activities and work on an online platform. Most insurance companies have availed their services online. The best way of renewing your car insurance during this pandemic is online. 

You can visit your insurance company’s official website and renew your car insurance policy at your convenience and the comfort of your home. Every insurance company has a different procedure for renewing your car insurance. Make sure to keep all your documents at the ready and renew your insurance online without any hassle.

Also read 

Why Is It Important to Renew Car Insurance on Time?

Take Away 

Lockdowns have impacted the automobile industry and our lifestyle severely. Even if you don’t use your car during the lockdown, having a valid car insurance keeps you financially covered in case of any unexpected event that causes damage to your car. Thus, make sure to renew your car insurance policy online and stay home, stay safe. 

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.