Guide to Check Your Car Insurance Policy’s Due Date

Published On Oct 26, 2021 10:00 AM By InsuranceDekho

Every automobile owner in India is required to get car insurance. It doesn't matter if you're a great driver or just drive your automobile once every few months. At all times, your automobile must be covered by a valid four-wheeler insurance coverage. Read this article to know how to check your car insurance policy’s due date.

A four-wheeler is financially protected by a car insurance policy against unanticipated loss or damage caused by the vehicle. It also helps you pay off third-party legal obligations incurred as a result of inflicting unintentional property damage or injury to third parties. The policy also covers the death or incapacity of the covered car's owner-driver in the event of an accident.

Guide to Check Your Car Insurance Policy’s Due Date

All vehicle insurance plans have a period of validity attached to them. Most four-wheeler insurance policies are only good for a year. To keep your coverage, you must renew your insurance before the expiration date. If you've recently acquired a new car, you'll need to obtain a three-year car insurance coverage to comply with the traffic regulations.

Why Is It Important to Renew Your Automobile Insurance Policy on Time?

It is critical to renew your automobile insurance policy before it expires to ensure that your vehicle is covered. Your car insurance coverage will expire or lapse if it is not renewed by the due date. The following are the ramifications of having an expired car insurance policy:

1. No claims to be entertained

If your automobile insurance coverage has expired, your insurer is no longer legally responsible for any losses or damages caused by your vehicle. After the insurance has ended, your insurer will not cover your third-party obligations or own-car damages. As a consequence, you'll be compelled to cover the expense of fixing your automobile or paying third parties on your own, putting you in financial trouble.

2. Motor Vehicle Law Violations

For as long as the vehicle is in operation, every automobile owner must insure it with at least third-party coverage. You will be breaking the country's driving laws if you do not renew your coverage before it expires. If you are discovered driving an uninsured vehicle on public highways, you may be handed a challan or a six-month jail sentence for the first offense. 

3. Loss of No Claim Bonus

The No Claim Bonus (NCB) is a discount on the renewal premium given to the car owner for each year without a claim. The NCB can assist you in saving up to 50% on your renewal premium. You will forfeit your NCB if you do not renew your insurance within 90 days of its expiration date.

How Can You Find Out When Your Car Insurance Policy Is Going To Expire?

You can check the status of your vehicle insurance coverage and find out when it expires in a variety of methods. Here are several methods for determining when your car insurance coverage will expire:

  • Make sure you have a copy of your vehicle insurance policy.
  • Inquire with the insurer's customer service about the expiration date.
  • If you acquired the coverage through your insurance agent, inquire about the expiration date.
  • Know your policy status by visiting the website of your Regional Transport Office (RTO).
  • Check the status of the policy on the insurance company’s website.

Take Away

To prevent getting into legal and financial difficulties, always renew your auto insurance coverage before it expires. You should always carry important documents such as a copy of your car insurance policy and personal details to avoid any fines or legal action. Make sure your car is covered with valid insurance coverage at all times.

Also Read: 

How To Lower Premium of Your Car Insurance?

Top Factors That Determine The Premium of Your Car Insurance Plan

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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