Steps involved in Car Insurance renewal

Nowadays, having a four-wheeler has become more of a necessity. With the ever-increasing population and infrequency of public transportation, travelling by car is far more convenient. But when you hit the road, you put your vehicle at risk of road accidents. Thus, having Car Insurance is also necessary. However, such Insurance is only valid up to a specific period.

After its expiry, you need to doa Car Insurance renewal. Failing to do so invites legal problems. Driving a vehicle with expired Insurance is a punishable offence under the Motor Vehicle Act.If the Insurance is nearing its expiry date, do the needful. If you need assistance, follow these steps:

1.     Briefly compare Insurance Policies or get quotes

The initial step towardCar Policy renewal is to shortlist a few Insurance companies. Then, compare their services. You want to choose one that offers the best pre-sale and post-sale services. Besides this, it should also give you enough coverage at a fair price. If you wish to continue with the current insurer, get a quote using thecalculator. It decides two things:

•         The amount for which your vehicle gets coverage
•         The premium amount you need to pay for the policy

2.     Choose a suitable type

Foronline Car Insurance renewal, you need to log into the finalised Insurance provider’s website. There, select the type of policy you want. Usually, providers in India offer two types:

•         Third-Party Policy– Covers liabilities for third-party and their vehicles.

•         Comprehensive Policy– Covers both third-party vehicle liabilities and damage caused to own vehicle.

Remember that Third-Party Insurance is mandatory for all vehicle owners in India. If you want to take the benefits up a notch, opt for Comprehensive Insurance.

3.     Submit the required details

Next, fill out an online form to continue the renewal process. Following this step of Car Insurance Policy renewal carefully is crucial. You need to fill in the rightdetails. Only then can you experience a smooth application process.Ideally, such forms ask you for the following details:

•         Applicant’s full name
•         Complete & valid address
•         Make and model of the vehicle to be insured
•         Registration number of the car
•         Policy number of previous Insurance
•         Add-ons (if you want any)
•         Payment details

4.     Select add-ons

Like any mazda insurance, Comprehensive Motor Insurance offers the option of add-ons. These are meant to enhance and extend the coverage of your Insurance Policy. Here are a few examples of such features:

•         Zero Depreciation
•         Roadside Assistance
•         Return to Invoice
•         Engine Protection
•         NCB protect

5.     Select payment mode

The renewal process also requires payment. Follow the mentionedsteps on the website. Select a payment method suitable to you and fill out the details. These are digital wallets, Credit or Debit Card, or Net Banking. Once the insurer receives the amount, theysend you the renewed policy via mail. It is advisable to star-mark this mail and keep multiple photocopies of the deal.