Now you realise that your motor insurance is up for renewal, but you are asking yourself, “Do I really need insurance? After all, nothing happened in a year. Why should I pay for something when I don’t really need it?” This line of thinking is both simplistic and dangerous. For one thing, if you have a two-wheeler, it is compulsory to have motor insurance, so skimping on it can land you in legal trouble. For another, having insurance gives you continuous peace of mind in case a third party inadvertently or deliberately damages your car.
Motor insurance also takes care of such eventualities as damage by natural calamities or theft of the vehicle. Hence, you not only need insurance to safeguard yourself against future eventualities, you should also renew it periodically.
Not paying enough attention to motor insurance renewal can cause you trouble, in the sense that you will actually shell out more to continue the insurance after a lapse. Car insurance renewal, fortunately, is a very easy process – if you have an agent handling all the paperwork for you, just ask him or her to keep a track of the renewal dates and follow the process therein.
Motor insurance providers in India are also keeping tabs on renewal dates on behalf of their customers, so you might even receive an SMS or email alert reminding you about the motor insurance renewal. Additionally, you can do away with using your agent’s services by opting to renew the insurance yourself, by logging on to the Internet.
Your insurer company will give you the option of online motor insurance renewal – just log on and enter the required details. You can do the renewal process instantly without any recourse to paperwork, or even buy new motor insurance if needed. You will have to enter the old policy number, the code for it and its expiry date. The new policy documents will be instantly delivered to you via email or courier, as per your requirement.
However, use their online calculator to ascertain the premium you have to pay for the year, if there are any new charges introduced and how much they will affect you, and so on. Besides this, you can request for additional information on new features via email or phone call.
All in all, there are several options for car insurance renewal. We just have to use these options and keep our motor insurance valid – after all, when we take our vehicles out on the road, we are supposed to safeguard not just ourselves and our vehicles, but also the lives of other drivers and pedestrians on the road.
