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What is Break In Period in Bike Insurance?

Published On Dec 06, 2020 2:00 PM By InsuranceDekho

Despite our best efforts, sometimes we may fail to renew our bike insurance policy in time before the expiry date. This is whear break in period comes in.

It is important to always ensure you have a valid two wheeler insurance policy. This means never letting your insurance policy expire. This is important for numerous reasons, such as No Claim Bonus (NCB) and the financial protection that is given to you by an insurance policy. Not only that, it is important to follow the law and not be on the roads with an expired insurance policy or a bike that is uninsured. However, sometimes due to absentmindedness or circumstances beyond our control, and we can forget to renew our bike insurance on time. This is where the Break in Period comes in.

What Is Break In Period?

Break in period refers to the grace period after expiry during which you will still be able to renew your policy without having to purchase a new one. It is extremely useful as sometimes we may fail to renew our insurance policy in time. If your policy has lapsed and you renew it online during the break in period, inspection of your bike will not be mandatory. However, if you choose to renew it offline then you would have to take it to your nearest garage for mandatory inspection.

How To Renew Bike Insurance Policy During The Break In Period?

Generally, the following documents would be required from your side when renewing your bike insurance policy during the break in period.

  • A copy of your previous bike insurance policy
  • RC (registration certificate) book
  • Driving license

After your vehicle has been inspected and your insurance company has received the payment from you, the insurance company will issue the new cover note. The break in period is typically 90 days, following which you will lose the benefit of No Claim Bonus for your insurance premium. When you renew expired two wheeler insurance online, insurance companies will usually not levy any additional charges for the same.

Takeaway

It is important to be on the safer side and make sure that the bike insurance does not expire in the first place. However, sometimes it can happen that it escapes our notice and the two wheeler insurance expires. In such a situation, break in period can be a lifesaver as it allows you to renew your bike insurance while retaining the benefits such as no claim bonus, and allowing you to quickly regain coverage.

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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.

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