Tips on How You Can Carry Your Car Insurance While Relocating

There is always something or the other that you will forget when shifting home. Some may forget to reorganise their mail, some may misplace their keys, while some may forget to empty the refrigerator contents in advance so that they can send an unclean refrigerator to the new house. While another important task, slightly different from the administration tasks mentioned above, is managing your car insurance policy, which may not be on your priority list when shifting to a new place. 

So, if you are a car owner and are planning to or shifting to a new place, then this article is a must read for you. 

Tips to Carry Car Insurance While Relocating 

Here are some handy tips to manage your car insurance when relocating to a new place: 

• Address Update

It is recommended to update your insurance company with your new address as well as other contact details such as phone number, e-mail address, etc. This will help the insurer to communicate better with you when it comes to car insurance related matters such as renewal, No Claim Bonus, claim settlement, coverage, etc.  

• Re-Registration Information

It is important to re-register your car when you relocate to another city irrespective of the time period you are planning to settle there. This is important so that the insurer can update your policy records. Keeping your insurer informed helps in smooth claim settlement in the future. To re-register, you require a No Objection Certificate from the Road Transport Authority of your previous residence.  

• Check for Cashless Network Garages

Your car insurance policy offers cover throughout India. But you can avail cashless services only at the network garages. So, before moving to a new city, ensure that the insurance company has enough network garages so that you do not have to face any challenge in availing cashless services in case of a mishap. Otherwise, you will be required to pay the expenses for repairs from your own pocket and then make a claim later.  

• Influence on Your Cover And Premiums

Although the change in your car insurance premium depends on your insurer, it may differ depending on the risk covered. One of the deciding factors for the car insurance premium will be zonal risk. In case you shift to an earthquake prone or flood prone area, then you will be required to pay a higher premium.   

• Upgrading Cover

When relocating, it is time to reassess your car insurance requirements and see if you may require an enhanced cover. This is because sometimes it may happen that the coverage benefits that were working for you in a certain area may not work in another. So, to protect your car at all times, it is recommended to get a comprehensive car insurance cover in case you do not already have one. This keeps you covered in case of theft, vandalism, terrorism, riot, strike, etc. 

• Transfer of No Claim Bonus 

When relocating, one of the things that you must be curious about is-what will happen to your No Claim Bonus? Hold that thought. You will be happy to know that your No Claim Bonus will follow you wherever you relocate. In case you shift to a new city and purchase a new car, then also the NCB will be transferred to your new car. In case you are not satisfied with your existing car insurance company and wish to switch to a new one, then also you will not be losing your No Claim Bonus, as it will be transferred to you. 

Bottom Line

When handling the stress of relocating somewhere, doing a little research on car insurance may help. This is because carrying your car insurance thoughtfully can prove to be a saviour in case of a misfortune event. And to be prepared for any unforeseen event, following the aforementioned tips is a must.   

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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.