Renew Expired Bike Insurance
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In India, two-wheelers are one of the most popular vehicles. Perhaps this is not only because of how cost-effective it is but, that it is indeed one the most convenient modes of transport, especially in cities battling constant traffic. Amid our daily travels, one of the most essential things to ride your dear two-wheeler is its two-wheeler insurance.
A two-wheeler insurance does not only help cover and protect your bike from potential losses and damages but, also keeps you in the good books of law and ensures you don’t need to pay any hefty fines for not having one, given that at least having third-party two-wheeler insurance is mandatory in India.
Given the lockdown we’ve been enduring for the past three weeks, it’s possible that most bike owners may forget to renew their two-wheeler insurance. Some may even assume it’s not the need of the hour, or as we all tend to- may procrastinate this until the next time they use their two-wheelers.
However, this won’t only lead to lengthier processes the next time you need to renew your bike insurance but, you will also lose out on your no claim bonus if your bike insurance already expires. To make this clearer, let’s understand what happens when your bike insurance expires.
It is important to ensure your bike throughout your life since it helps you protect your bike against a variety of risks associated with the bike at all times.
If you’re someone who’s bike insurance policy has already expired, or is going to expire soon...here’s how to renew your bike insurance online.
Nowadays, renewing a two-wheeler insurance policy is no more stringent as it used to be five years ago. You can now renew an expired two-wheeler insurance policy online that accomplishes the renewal process in an easy and lesser time process.
Additionally, The Insurance Development and Regulatory Authority of India observed that most people do not renew their two-wheeler insurance policy on time and moreover don’t even realize when their policy expires. That’s why you now have the option to renew your policy before its expiry date.
You can also instead go for a multi-year two-wheeler insurance policy whereby you purchase the insurance for three or five years as well.
So, how does one go about it anyway? Here’s how you can renew expired two-wheeler insurance online:
If you’re not comfortable with the online renewal policy of two-wheelers, you can choose to visit the nearest branch of your desired insurance service provider too. However, considering the ongoing lockdown and pandemic, it’s best to renew your two-wheeler policy online.
Once your expiry date is near, you should ideally renew your two-wheeler insurance policy immediately. However, in some cases this may take you some time and we understand that.
Maybe you want to evaluate some car insurers before making your decision or, you need time until your background check and self-inspection process is complete.
If your bike insurance policy has already expired or isn’t active yet, here are some things you should do to keep you and your bike safe: