A large number of vehicles are sold every month in the country. With which an insurance policy is given. But many people are not able to renew their old car insurance on time due to carelessness or lack of time. What kind of losses can occur if car insurance is not renewed on time? Let us know.
Every year lakhs of new cars are purchased in India. Along with this, a large number of old cars are also sold. But often people are careless in renewing the car insurance policy after buying a car and they suffer losses later. In this news, we are giving you information about some of the reasons due to not renewing the insurance policy on time.
Car insurance is important
It is very important to have an insurance policy for any car. If for some reason the validity of the car insurance policy expires and it is not renewed, then many problems can arise. Besides this, there is unnecessary burden on your pocket also.
Difficulty in renewing after expiry of validity
Once the validity of a car insurance policy expires, then there is a problem in renewing it. If the insurance is renewed while the policy is valid, it is done quite easily. For this, you can get it renewed by contacting any agent online or offline. But after the validity is over, renewing the policy also takes time and the vehicle has to be verified again.
Danger of accident
If the car insurance policy is valid and an accident occurs, a claim can be taken by informing the insurance company. But if the validity of the policy expires and an accident occurs, then the owner has to spend money to get the car repaired. Which can be much more than the cost of the policy.
Police can take action
If you drive a car on the road without a valid insurance policy, action can also be taken by the traffic police. In many cases, challan of thousands of rupees is also issued by the police. To avoid this, it is better to renew the policy.
