Renew Expired Car - Bike Insurance
Expiry of the car insurance policy would stop the insurance cover available under the car insurance plan.
Insurance policy is an annual contract. you have to renew car insurance before the due date.
Factors to check before renewal:
- Inspection is requiredIf the policy has expired
- Renewal within time, If the policy is renewed within 90 days of expiry
- Accumulated no claim discount is not lost, If not renewed within 90 days.
Expired policy disadvantages:
- Legal violationAs per the Motor Vehicles Act, 1988
- Higher premiums while renewing a expired policy
- Loss of coverage When the policy expires
- Loss of no claim discount