Renew your Car and Bike Insurance before Expiry, Even If You’re Quarantining
With so many people staying at home due to the current COVID-19 pandemic, vehicles are often sitting idle, growing more dusty every day.
In this situation, you could say that there is no point renewing motor insurance when the vehicle itself is not being used, and it can’t get damaged.
But you would be wrong. There are many other issues that cars and bikes might face even if they’re just parked in a garage, which is why it’s essential that you renew your car and bike insurance before expiry.
Know more:
What Damage Could Happen to your Vehicle During Lockdown?
There are many things that could affect your car or bike even if it’s sitting idle during the lockdown. And the good news is that most of these are covered by your motor insurance policy.
However, your insurer can only provide help if you remember to renew your policy on time. Here’s what could happen if you don’t:
Theft
One morning you could wake up and see an empty spot where your beloved car or bike was sitting the night before. Vehicle theft is not uncommon in India.
Vandalism
Or, it could get vandalised or damaged, either on purpose or by mistake. For example, by kids playing with a ball nearby. Repairing such damages can be quite expensive.
Natural Calamities
In regions where natural calamities like landslides, earthquakes, and floods are common, they can cause serious damage to a vehicle.
But even if you don’t live in such an area, something as small as a falling tree branch can also hit your vehicle and damage it.
Why should you Renew Car and Bike Insurance before Expiry?
As we’ve said if you don’t renew your insurance on time, your insurer might be able to honour your claim. Otherwise, you’ll have to pay for all the expenses when this kind of damage occurs yourself. Other reasons are:
No Claim Rejection
The first thing that the insurance company will review would be the tenure of your car and bike insurance policy. If you raised a claim after it expired, it will be rejected without investigation.
Your No Claim Bonus Cycle will be Secure
Motor insurance companies usually offer a bonus for the years you haven’t made any claims. But you need to keep renewing your policy in time to enjoy its benefit. Otherwise you lose out on your NCB and hence the discount too!
Inspection Won’t Be Required
When you renew your motor insurance policy on time, it can be done in minutes. However, if you do it after the expiry date of the previous policy, insurers might insist that they come and inspect your vehicle for any pre-existing damage, which can expose you to financial liabilities.
No Hike in Premium
Not renewing your policy on time means that you must buy a new motor insurance plan which can be more costly than renewing the existing one.
Frequently Asked Questions
How to renew motor insurance with Digit?
Renewing an existing car insurance with Digit can be done online with our quick and simple smartphone-enabled processes.
Just click on the “Renew Digit Policy” button or enter your car number to continue. Then you need to login via one-time password and follow a simple process.
Why choose Digit for your Vehicle Insurance Renewal?
It doesn’t matter whether your old car insurance policy was with us or not, choosing Digit for Car Insurance renewal is easy and hassle-free and can be done within minutes online.
How can I ensure that my car or bike does not have issues after the lockdown is over?
You can ensure that your car or bike remains in working condition by firing up the engine regularly. Doing this at least two times a week will avoid the battery dying out.
What should I do if my car insurance lapsed during Coronavirus lockdown?
If your car or bike insurance policy lapsed during the Coronavirus lockdown, immediately get in touch with your car insurance company and complete the renewal process. Renewing the policy online is the best method, as it is a contact-free process.