Brand new Car
Here’s what you need to do!
As per the Motor Vehicles Act, one can drive on Indian roads only if he/she has valid third-party car insurance. Car insurance is mandatory in India. Driving a car without a valid policy is illegal and is considered an offense. In the absence of a valid car insurance policy, you may have to face legal actions. Also, in case your car gets damaged in an accident, or natural disaster, there will be no financial compensation.
So, if you are considering buying a car, make sure you buy at least a third-party car insurance plan. Generally, a car insurance policy stays valid for one to five years, depending on your payment. Generally, car insurance companies will send you multiple reminders through text messages, emails, or even phone calls. Some car owners renew the policy promptly. However, some of car owners forget to do the same because of lack of time or carelessness.
One needs to understand that an insurance policy remains valid only for a given time period. The policy can be bought for one year or five years. After this time period, consider the insurance plan invalid. Once the policy gets expired, you will not be enjoying any more protection. A lapsed car insurance does not offer coverage in case your car gets into an accidental situation.
Renewal of your car insurance plan after its expiry is possible only when you get the vehicle inspected by the insurance company. However, you will get just 30 days for inspection, or otherwise, you might require to pay penalty charges. The other disadvantages are:
If you do not renew your HDFC Ergo car insurance on time, then it is bound to get lapsed. It is best to get the policy renewed at least one month before the expiry date. You can also compare your current policy with some other insurance plans before making a choice.
If your HDFC Ergo car insurance policy has expired, you need to contact your agent. Professionals always have elaborate knowledge regarding this kind of lapses. The agent can guide you thoroughly in renewing your policy.
If you have lapsed car insurance, you must not drive your vehicle. Otherwise, in case of serious damages, you may require to compensate for the damages to the third party from your own pocket.
For smoother and convenient renewal, it is better to renew your car insurance plan online. It will save time, and you will receive the policy within a couple of hours. Before getting the car insurance plan renewed virtually, you should conduct a thorough comparison among different insurance plans so that you manage to get the best deals.
During renewal of your car insurance plan, make sure you carry the below-given documents in hand:
Once the policy has expired, the company will send a surveyor to review the condition of your car. The surveyor will check for any damages and then determine your eligibility.
Some companies also offer self-inspection facilities.
Ans: There is no such grace period in India. So, you will be violating the law if you are driving without insurance.
Ans: Yes, most policies renew automatically! However, if it doesn’t, you have to do it manually.