Follow These Steps To Renew Lapsed Bike Insurance Online

Your bike insurance coverage is only guaranteed for a certain amount of time. Depending on the plan you pick, it may take a year, three years, or five years. In order to obtain compensation in the case of an unanticipated disaster, it is important to renew your insurance coverage on a regular basis. Your insurance provider may refuse your claim if you make a claim for bike insurance after your coverage has ended. This post will teach you how to renew your insurance coverage on time.

Ways To Easily Renew Your Expired Bike Insurance Policy 

The Indian Motor Vehicle Act stipulates that you must have proper bike insurance. As a result, it's crucial to keep your insurance coverage up to date. Making the journey to your insurance provider to renew your coverage throughout the course of your busy day is challenging. As a consequence, you can easily renew your bike insurance online from the convenience of your own home. Different providers have different methods for renewing insurance plans online, however, the following are the general principles you may use to renew your bike insurance policy -

1. Look for the bike insurance tab on your insurance provider's official website.

2. Choose whether you want to buy new or renew your bike insurance policy.

3. This will take you to a screen where you must input information about your bikes, such as the registration number and the current policy number. Some corporate websites may also ask for the model of your bike, the type of gasoline you use, and your contact information.

4. Complete the relevant fields and press the 'continue' or 'proceed' button.

5. Give the date your prior bike insurance policy expired.

6. Some websites may ask if you've ever filed a claim before. Continue by selecting the applicable option.

7. Choose the sort of coverage you want as well as the additional insurance covers once you've filled out all of the required information. Make sure you evaluate all of your bike insurance options before deciding on one.

8. Then you may go to the buy now option and double-check your details.

9. After that, you must pay the premium using online banking or a credit/debit card.

10. The policy will be provided to you, and you will receive it on your mail ID as soon as possible.

You may also like to read:- Acko Third Party Bike Insurance Policy Explained

Importance of Renewing Your Bike Insurance Policy On Time

Your bike insurance policy has an expiration date, just like any other insurance policy. Your bike insurance claim will be refused if you file it after the policy term has expired. Some of the reasons why you should renew your bike insurance coverage are as follows - 

• Accidents Are Unforeseeable 

You are in danger of getting involved in an accident even if you are not riding. Accidents of any type might happen at any time. You won't be able to submit a claim for theft or damage caused by a natural catastrophe or vandalism if your bike insurance coverage has expired. This might result in a significant financial loss. As a consequence, renewing your insurance on a regular basis will assist you in remaining financially secure in the case of such calamity.

• Get Discounts On Premium 

You must obtain a new insurance policy with a higher premium amount when your current coverage expires. When you renew your bike insurance coverage on a regular basis, you may save a lot of money on your premium. The NCB is one of the most substantial savings on your bike insurance rate that you can get. If you renew your insurance with the same provider, some insurance companies may give you a loyalty discount on your rate. As a consequence, you will save money on premiums and benefit from discounts.

Also Read:- Benefits Of Purchasing Bike Insurance At Navi General Insurance

Take Away

Every vehicle owner in India is required to obtain car insurance coverage, according to the Indian Motor Vehicle Act. Renewal of your vehicle insurance coverage on a regular basis will prevent you from unwelcome legal issues as well as keep you financially protected from the risks that come with having a car. As a result, be sure to renew your auto insurance on a regular basis and drive carefully.