Details About Break-in Period in Two-Wheeler Insurance
Break-in period is the time between policy expiry and policy renewal and there are 20 days in between the expiry and renewal. Read this article to know about the break-in period in two-wheeler insurance in detail.
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Two-wheeler is a need today rather than a luxury. Almost every person has at least one two-wheeler for daily work. Two wheelers are one of the most convenient vehicles to travel. Two-wheelers are the most vulnerable vehicles towards road accidents and mishaps. Therefore a two-wheeler insurance premium is important as it provides financial security during distress times. Your two-wheeler insurance policy should be active and valid at all times. It is your responsibility to renew it on time so that you do not compromise on the benefits provided. Many policyholders forget to renew the policy on time. So to tackle this problem, your insurance company provides a ‘grace period’ also called a ‘break-in period’. Here, you get a time extension of 20-30 days past the expiry date so that you can renew your two-wheeler insurance policy.
Details About Break-in Period in Two-wheeler Insurance
Break-in period is extremely useful as you will still be able to renew your policy even after the expiry date. If your policy has lapsed and later you renew it online during the grace period, an inspection of your bike will not be mandatory. But if you renew it offline then you have to take it to the nearest garage for inspection.
Renewal of Break-in Two-Wheeler Insurance Policy
- You can easily renew two wheeler insurance online with minimal documentation and policy details.
- You can also change the insurer if you are not happy with the services provided by your current insurer.
- You can renew the insurance either on the insurance company’s website or through a trusted third party website to enjoy a hassle free renewal process.
- You can also renew your insurance by visiting the company and completing the process.
- If you renew during the break in period, you have to get the two wheeler survey by an authorised personnel sent from the insurance company. The surveyor will inspect your two wheeler for its maintenance, damages, replacement of parts, conditions of your two wheeler, etc.
Documents Required For Renewal of Break-in Two Wheeler Insurance Policy:
- Passport size photos
- Identity proof (passport/Aadhaar card)
- Address proof
- Personal details
- Old policy number
- Insured two wheeler details
- Registration Certificate
Renewing Online:
- Necessary documents like policy details, driving License, vehicle model, RTO details, registration certificate, etc. are required.
- Go to the insurance company website and click on the online renewal option, and enter the details in the appropriate boxes.
- Cross check the details entered in the boxes before submitting.
- Make the payment via debit or credit card.
- You will receive insurance documents immediately via email or you can download on the website.
Take Away
It is important to be on the safer side and you should make sure that the two wheeler insurance does not expire in the first place. If it escapes your notice and the two wheeler insurance expires then break in period can be a lifesaver as it allows you to renew your two wheeler insurance while retaining the benefits such as no claim bonus, and allowing you to quickly regain coverage.
Also Read:
Benefits Of Purchasing a Bike Insurance Plan From Navi General Insurance
Easy Steps To File Bike Insurance Claim At Bharti AXA
Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.
