It is not enough to just buy an insurance policy while buying the vehicle. You also need to remember to renew it annually. However, a good percentage of people tend to forget this and end up with an expired insurance policy. You may have plenty of reasons such as laziness, forgetfulness, lack of time, ill-health, etc., to give as an excuse for your lapsed policy; but none of that would be valid when you get caught without a valid insurance policy.

Well, whatever your excuse is, as soon as you realize that your vehicle insurance policy has expired, you need to renew it. If you don’t renew it within 90 days, you might end up forfeiting your No Claims Bonus which in turn might result in higher premiums for you in the next cycle. You might also have to suffer in case you meet with an accident and have no active insurance policy or in case your vehicle gets stolen and you have no active insurance policy.

Now that you are aware of the benefits of bike insurance renewal , let’s find out how you can get this done. There are two different ways in which you can get your lapsed insurance policy renewed.

  1. The first and easiest way to renew is to do it online. This is the simplest and the quickest way to get around this task. Before you scramble online, you need to keep certain details handy such as the details of your expired policy, your vehicle’s registration number, detailed information regarding any add-on coverage you have opted, etc. Now log on to your insurance provider’s website, fill in all the requested details and submit. That’s it! Once the details are submitted, you will receive all the documents via email. The best advantage of opting for an online renewal is that you don’t have to take your vehicle for a physical inspection.
  2. The next and slightly cumbersome way of renewing your policy would be to personally get in touch with an agent from your insurance company. You would have to submit all your policy and claims related documents to him/her and also get a physical inspection done for your vehicle. Depending upon the condition of the two-wheeler, your new policy IDV and premium would be decided. Unlike the online option, this is a time-consuming process where you would have to depend on the insurance agent’s availability. Also, the amount of paperwork involved is much more in this renewal method. Missing out on even one policy related document can delay the entire renewal process.

We know the process of renewing your vehicle insurance policy on an annual basis is quite tiresome as well as time-consuming. One way to avoid this would be to opt for a long-term bike insurance policy wherein you would be getting a policy valid for three years. A lot of insurance companies have started this option having a significant number of benefits.

So go on and take a hard look at your vehicle insurance policy date to see whether it is still valid or not. We hope the above options would help you in making the right choice on how to renew your expired two-wheeler policy.

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