Why is it important to Renew Your Car Insurance Policy on Time?

Reasons to Renew Your Car Insurance Policy on Time:

Here are a few compelling reasons why you should get your car insurance policy renewal on time.

1. Protection Against Accidents or Damage
   Your car insurance offers you wide coverage. Accidental damages that are due to natural, man-made disasters or even collisions on the road are all covered by a comprehensive policy. In case of policy expiration for your car, your insurance company will no longer be liable to cover any costs of your vehicle.
   
   Remember: Continued Coverage = Continued Protection.
2. Avoid Penalties by Complying with Motor Laws
   As mentioned, having car insurance is mandatory as per the motor laws of India. This means in a case where your insurance expires, and if you fail to timely renew the same, you will be violating legal compliance with the motor laws. In this case, if you get caught, you might have to pay the penalty, or you may even end up in jail. Thus, car insurance renewal is super important.
   
   Note: You can be charged ₹2,000 for driving a car without insurance for your first offence.
3. Avoiding Inspection Delays
   With a successful car insurance policy renewal, you ensure that you comply with motor laws and that your vehicle is safe during any inspection. This will make the whole inspection process safe and hassle-free, allowing you to avoid delays.
   
   Alternatively, if you do not get a car policy renewal on time, it shows negligence on your part. Further, the insurance company will require a car inspection. Thus, the whole insurance procedure is time-consuming, and you might need to make extra efforts.
   
   Renewing your Car Insurance Plan from Jio Insurance Broking is a very easy task and can be completed in a few simple and quick steps. Click here to check the best car insurance policy.
4. Convenience of Renewal Discount
   One of the most prominent benefits of successful car insurance renewal is that you're able to save big on your insurance premiums. This also means that any kind of break in your insurance plans leads to an unnecessary hike in the same. The same happens with this break in your plan. You’ll need to buy a new car insurance plan altogether.
5. No Claim Bonus (NCB) stays intact.
   NCB is a hard-earned reward for every careful driver. But did you know that if you do not renew your car insurance within 90 days of its expiry, you will lose the No Claim Bonus you acquired?
6. Avoiding Higher Premiums
   By renewing your car insurance on time, you get to reap the benefits of avoiding very high premiums by losing continuity benefits, accumulated No Claim Bonus or NCB, etc. and also run into the risk of plying your uninsured vehicle meeting with an accident leading to legal complications.
7. Helps You Shift Your Financial Liability
   The best part about successfully renewing your car insurance on time is it allows you to shift your financial liability on the insurance company. This means that the insurance company takes care of your losses in case of any unwanted circumstances or accidents.
   
   However, in case of failure of your car insurance, the motor insurance company is no longer liable to cover any of your costs, shifting all the financial burden on you. With that happening, you might have to pay a hefty amount from your pockets in case of any kind of accident or unwanted event.

Bottom Line

Car insurance renewal is much more than just complying with motor laws. It also works as a financial shield, protecting you against unwanted circumstances. You can easily compare different policies on Jio Insurance Broking and choose what best matches your requirements. We believe in co-creating solutions with our preferred partners. We also assist you in choosing the right option without any bias.

A few days before the policy expires, just take out a little time. Visit the Jio Insurance Broking portal, compare prices, and then easily renew your insurance at the maximum convenience of your home, office or even when travelling.

Delay no more; act today and continue your coverage with a successful vehicle insurance renewal.

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