Here are 3 Smart tips to keep in mind during car insurance renewal. Car insurance is extremely helpful. It protects the policyholder from the financial jolt of road mishaps and other unfortunate events such as theft, flooding, etc. However, this protection lasts only for a year. You need to renew your policy annually to enjoy uninterrupted cover from these perils. If you fail to renew your plan, you will be driving uninsured. This could invite very expensive fines, up to Rs. 4,000 in certain cases. You could even face jail time of up to 6 months. Therefore, if you are a car owner, it is extremely important to renew your policy on time.
However, there is a lot more you can do besides simply renewing your plan every year - you can get optimize your cover, try and get better savings & much more! Don’t believe us? Well, here are 5 tips you can keep in mind when your car insurance renewal date approaches that will help you get better insurance coverage. 1. Review your coverage. When you renew your policy, you should review your coverage needs. Maybe when you purchase the plan, you drove alone, but now you drive your spouse or coworkers to office. It would make sense to purchase coverage for them as well. You can do this by buying the co-passenger personal accident cover add-on. There are several other add-ons you can consider when renewing your plan. Another one is the NCB protector. This is a good idea if you have accrued a good amount of NCB discount by not making a claim against your policy. The NCB