Brand new Vehicle
Renewal Car Insurance of Liberty General Insurance.
Liberty General Insurance is a private general insurance company and its headquarters in Mumbai, India. Liberty is a joint venture between Liberty Mutual and Videocon Group, It was commenced operations in 2013 to provide comprehensive retail, commercial, and industrial insurance solutions to individuals as well as corporate.
What is a renewal of policy in Liberty general Insurance?
Renewal insurance means, when your policy term ends, your insurance policy is up for renewal. At this point, you can choose whether or not you want to renew insurance under the same policy, negotiate the terms, or switch to a different insurance carrier.
What are the Benefits of renewing your policy with the same company?
Help You Stay Insured- Liberty car insurance renewal helps the policyholder to stay insured continuously. If the policyholder meets with an accident just after the one-day expiry of the policy the insurance company will not able to assist him.
Helps you keep No claim Bonus-Renewal helps the policyholder to change their No claim Bonus intact.NCB is provided when the policyholder renews the car insurance policy without raising any claim during the period.
To opt or alter add-on covers-If you wish to enhance the coverage of your car insurance policy. Then you can opt for add-on covers or can change the existing ones during the renewal process
Saves you from penalty-Driving a car without holding a valid insurance cover is a punishable offense as per the Indian motor tariff. Therefore, it is quite significant to keep your car insurance policy active by renewing it timely. It will surely help you to drive your car on the road freely without worry.
Unlimited claim-Liberty will allow customers to request unlimited claims.
What happens if the policy gets expired?
Third-party insurance-If your third-party car insurance policy gets expired and caught driving an uninsured car, you can face strict legal action and end up paying steep fines.
In comprehensive car insurance- If your car insurance policy gets expired, then you can lose benefits of insurance cover and you might have to pay from your own pocket for repairs before buying a new car insurance policy. As per the Indian Motor Vehicle Act, Driving without an insurance policy is not legal. Inspection is required in case of comprehensive car insurance if you miss the date of renewal of the policy.
In StandAlone Own damage Car insurance-If, you lose the standalone car insurance policy of liberty then you don’t get the benefit of NCB plus your car required inspection.
What Documents are required for inspection?
The following documents need for inspection are as follows-
RC copy of the car
Previous year policy copy
Car’s Photos according to a requirement
Inspection of a car need to be inspected between 10 am to 6 pm in a vacant place.
What can you do if your policy expires?
-Contact Online Quickinsure insurance brokers https://quickinsure.co.in/ to know the further process of renewal
-Avoid driving a car till you get a new policy because your policy expired and you don’t have any protection right now.
-For renewal, you need to visit https://quickinsure.co.in/ and decide which policy is suitable for you.
-You need to have your previous year's policy for further documentation or renewal.
-After the expiration of the policy, you need to face an inspection for your vehicle. Inspection is needed to decide whether your vehicle qualifies for insurance or not. After a successful inspection, your vehicle is eligible for renewed new insurance.
1. Can I get an NCB discount benefit if my policy gets expired?
Yes, you will get the benefit of an NCB discount even your policy gets expired. Within 90 days after the due date of the insurance policy, the NCB benefit will be valid.
2. Is it compulsory to renew a vehicle insurance policy?
Yes, it’s compulsory to renew a car insurance policy is not only important but is mandatory under the Motor Vehicles Act 1988.
3. How many days before we can renew our car insurance policy?
A car insurance company renewals a minimum of 45 days before the current policy expires.
4. What is the renewal process in the insurance company?
The insurance renewal happens at the end of the policy period. At the time of renewal, the insurer adjusts coverage and premium before starting the next policy period. Premiums can be either increase or decrease.