In simple words, an insurance plan that has not been renewed before or by their expiry date is known as an outdated policy. A policy that has expired is not viable for 2 main reasons:
A valid document is not maintained.
According to the laws of engine of India, which is illegal to driving without valid auto insurance. violators of the law are subject to sanctions and even they could face legal action strict
It can lead to financial losses. Accidents can occur at any time and in any place and outdated plans can cause large monetary losses.
Reasons to renew your expired insurance
In addition to the points mentioned above, here are some other reasons that you can renew your vehicle insurance policy
Accidents are common and unpredictable. If you have an accident once your plan has expired, you would have to pay a lot of money and incur huge financial losses.
Longer car insurance renewal procedure
The longer wait to get your refurbished car insurance, more difficult it will be find an insurer willing to renew your policy. In addition, you will also have to endure accusations of having your car recognition.
No claim bonus
Are you familiar with the fact that a past policy for more than 3 months might lose their NCBs accrued? Think about it, no claim bonus spent over four years could accumulate up to 45-50%. Imagine to lose?
Steps for the renewal of an expired ad policy
If your insurance plan has exceeded the date of renewal of car insurance, do not waste any more time. Simply follow these steps!
Select insurance policy – Explore and choose your plan before going any further. Based on its car brand, model, age and other facts, professionals or aggregator of sites can help you get through the perfect policy for you. You can compare auto insurance plans.
Designation Vehicle Survey – After deciding on the insurance company, you have to plan a survey of your vehicle as soon as possible. The sooner you do, the easier is put!
Technical inspection of vehicles – A representative of the insurance company shall examine, evaluate, as well as determine pre-existing damage to your car. On the basis of their observations, which may or may not be eligible for the renewal of the insurance.
Buy Plan – once the inspection has completed, you can buy a flat car insurance. You must have this in mind that the inspection is effective for only 1 day, so don’t waste any time after his appointment.