Q:Why Car Insurance Renewal ?
Car insurance is the best way to protect you and your car from unforeseen incidents and it is mandatory in India. Car insurance covers the expenses that you incur due to injury caused to you or the damage or theft of your car or a third party for a certain period of time, usually one year. Before the end of this period, you have to study the different insurance options available and renew car insurance India or buy a new policy. Insurance renewal is that period when you pay the subsequent premiums to the insurance company so as to keep the car insurance policy active and continue with its benefits. Be sure to check for discounts that can reduce the premium before you renew car insurance policy. It can save you a tidy sum annually.
Q:How to Renew Car Insurance Policy ?
Car insurance policy India is usually in effect for a standard length of time during which the insurance company will not adjust your rate. However, the car owner has to renew car policy India after this initial period by informing his car insurance company. Otherwise, there will be automatic renewal of your policy and the insurance rate will remain the same. Insurance companies will usually remind the car owner about the approaching renewal date and encourage him to renew car insurance policy.
Q:Why Car Insurance Renewal Quotes ?
Several car insurance companies give renew car insurance quotes India which can be compared on InsureMile in a tabular format. Renewal is usually done when the existing car insurance policy expires. However, you have the right to cancel your car insurance policy any time after giving notice to the insurance company. Usually, the unused premium will be refunded to you but some companies may charge you some administration fee for foreclosure. You can then study renew car insurance quotes and decide to either renew or start a new policy. Note that you cannot put your car insurance policy on ‘hold’ if you are planning a long vacation abroad. You may have to cancel your current insurance policy.
Q:Commercial and personal car insurance renewal ?
Commercial car insurance is required when your car is used for work or if you own cars that are used for business purposes. When you buy or renew car insurance policy of commercial cars, they will have higher liability insurance recommendations and will be required to cover employees, passengers, work gear and other equipment. Personal car insurance renewal will not have such liabilities and will be much lower as compared to the commercial car insurance. Both kinds of renewals can be done online on InsureMile.
Q When to Renew Car Insurance Policy?
In order to renew car insurance policy, you have to be alert and remember the date of renewal. Compare renew car insurance quotes on InsureMile many months in advance so you can be ready to buy a new car insurance policy or renew your current policy. You can either inform your insurer to renew car insurance or you can yourself renew car insurance policy online.
Q What is a NCB?
No-claims bonus is a discount amount given by the insurance company for those car owners who have not made any insurance claim for a certain number of years. The actual amount of the bonus discount varies from one company to another. Usually, a NCB of over five years can give you a sizable discount on your car insurance premium 10% -50%
Q Why Car Insurance Renewal Policy on InsureMil?
InsureMile provides you with hassle-free option to renew car insurance policy online. InsureMile requires only the basic information about your age, gender, marital status, your driving experience, and details about your car to give you a comprehensive comparison chart of the top car insurance companies in India. After comparing their rates and discounts, you can choose to continue with the same insurer or switch to another company that offers you a better deal and renew car insurance policy India.