What To Do If Two-Wheeler Insurance Is Expired

Published On 17 Oct 2020 By InsuranceDekho

What Happens If You Don’t Buy / Renew Bike Insurance?

After buying a two-wheeler, you must get it insured. Bike insurance is not a one-time job as it requires timely renewal. In case you forget to renew your policy, your policy will lapse and become invalid. You can't claim any insurance benefits under a lapsed policy until you get it renewed. Ignorance is not the only reason behind a policy lapse. You can simply forget the renewal date. Whatever the reason may be, you either have to renew the policy within a specific period of time or opt for a new one.

What Happens When A Two-wheeler Insurance Gets Lapsed?

When you fail to renew bike insurance the policy before the due date, your two-wheeler insurance policy expires. If the policy gets lapsed, your insurer is no more liable to provide any financial assistance or to entertain any of your claims. If you ride a two-wheeler with a lapsed insurance policy, you will be subject to legal charges and fine.

What To Do When Your Two-wheeler Insurance Policy Gets Lapsed?

In case your two-wheeler policy has lapsed, you can renew it within 90 days to retain certain benefits such as No-Claim Bonus (NBC). After the said period, the policy can’t be renewed and you will have to buy a new policy through proper documentation and verification procedure. Hence, you will have to go through the whole insurance policy buying procedure if you miss the 90 days period.

To avoid all the trouble, you can get your policy renewed either online or offline. Here are the procedures:

Renew Lapsed Two-Wheeler Insurance Policy Online

You can avail the online services provided by your insurance company to renew your lapsed two-wheeler insurance policy in a matter of minutes. Follow the steps mentioned below to renew the lapsed policy:

Step 1: Visit the official website of your insurer.

Step 2: Log in using your credentials. If you are availing the online service the first time, you will need to sign up.

Step 3: Enter the details of your previous two-wheeler insurance policy and select details for the renewal.

Step 4: Make the payment using Debit card, Credit card or net banking.

Once the transaction is successful, your insurance provider will send you a soft copy of your renewed bike insurance policy via email. While renewing the policy, keep the required documents related to previous policy details, bike's registration number and policy add-ons ready.

Renew Lapsed Two-Wheeler Insurance Policy Offline

If you don’t want to go online, you can renew the lapsed two-wheeler insurance policy offline. You can do so in the following steps:

Step 1: Go to the nearest branch of your insurance company.

Step 2: Carry all insurance-related documents required for renewing the policy.

Step 3: Submit the documents to your insurance provider for document verification.

Step 4: Your insurer will inspect your two-wheeler to ensure its eligibility for having an insurance cover.

Step 5: If your insurer approves the bike inspection, make the payment and the policy will be renewed.

You will have to make the payment using the option your insurer offer. You will receive a renewed two-wheeler insurance policy via post.

While you can renew your policy via any of the two methods, the online method is less time-consuming. Make sure you reinstate your lapsed two-wheeler insurance policy within the grace period to avail the benefits of your previous policy and avoid any legal trouble.

Types of Bike Insurance You Should Know:

Third Party Two Wheeler Insurance

Comprehensive Two Wheeler Insurance Policy

You May Also Like To Read:

What is a Bike Insurance Renewal?

Two Wheeler Insurance Add-ons

Bike Insurance Details by Registration Number

Fine for Driving Two Wheeler Without Insurance

How to Get Duplicate Two Wheeler Insurance Copy Online

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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