A two-wheeler insurance policy is a contract between you and your insurance company that states that you will be compensated for losses caused by the insured bike under the terms of the policy. Depending on the policy terms and conditions, the loss could include any third-party loss or damage to the insured bike.
Waiting until your two-wheeler insurance policy's expiration date to renew exposes you to significant risks that could be easily avoided if you completed your two-wheeler insurance renewal on time. In genuine cases, insurers provide a grace period of approximately 30 days following the policy's expiration date, during which you must renew the policy. A claim made during the grace period, on the other hand, will not be honoured simply because the policy was not active during that time period.
Follow these steps to complete the online renewal of two-wheeler insurance after it has expired:
Once the online renewal of the two-wheeler insurance is completed, the insurance policy documents are emailed to your registered email address. Examine the document and print several copies of the policy. Keep one in your bike's storage compartment in the case of an emergency and one at your home.
The advantages of renewing the policy before expiry are very important, and you should ensure that you renew the policy before the expiry date. You have various options to renew the policy online if you are short on time. Here are some of the problems you may face if you let your policy expire:-
