Not renewing your policy leads to absence of car insurance. You will have to incur a fine or even face imprisonment as per Indian law.
Renewing your insurance provides you with continuous coverage & offers protection from repair expenses for your car resulting from an accident.
Renewing helps in protection from Legal Liability arising from death or disability of a third-party due to an accident with your car. Even 3rd party property damages get covered.
If your policy is renewed & active, you can avail cashless car repair service at cashless garages listed in your insurance company’s network list.
Disclaimer - Above mentioned prices are for a 2 years old Maruti Wagon R, 1.2 VXI AMT OPT (1197 CC) registered in Mumbai & previous policy has expired.
If you only have a third-party plan, you should consider getting a comprehensive policy. A comprehensive policy covers you for the expenses of repairing your car.
You need to be compensated in case of theft or total loss of your car. Based on your car’s age, you should re-evaluate your car’s IDV against the premium payable.
You must not forget to check the incurred claims ratio of your insurer. This will provide you with an understanding on how often your claims will be approved.
Look for cashless garages near your area beforehand so you can get the repair of your insured vehicle nearby. Going through the list of cashless garages helps you find local garages.
You should find out if you have any discount on the premium amount. If your policy includes deductibles and discounts, then you have to ensure that it fits your budget.
Thoroughly understand about Add-ons. If your car is less than 5 years old, you should consider covers like Engine Protector or Zero Depreciation or Return to Invoice or Personal Accident Cover.
Renewing your car insurance online means you are doing it directly without any intermediary being involved. No agent, means no commission.
The entire process of renewing car insurance online is paperless. There is no need for physical documentation; if any document is needed, you just upload them online.
The traditional method of car insurance policy is time consuming. With the online mode, you can get a car insurance renewal premium amount at the click of a button from your home's comfort or on the go.
The online mode doesn’t let you miss the due date. The insurers send multiple reminders before the due date of policy renewal to keep you informed about the due date beforehand.
You can complete all your transactions online. You can use your debit or credit card or internet banking to complete your car renewal payments.
Suppose if you are not satisfied with the services provided by your existing insurer, you can port your current Policy to a new insurer without losing your accumulated no claim bonus.
Endorsements mean any particular changes in the information given in the policy document. In the online mode, you have to submit a self-declaration form. A letter detailing all the additional changes in your policy document will be delivered to your inbox.
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Coverfox provides the best value-added services for you and your vehicle.
You should renew your car insurance policy before the date of expiry as not renewing the same on time might make you lose out on NCB benefits and coverage as well.
Yes, you do get a grace period of 30 days to renew your existing car insurance policy.
Yes, you can renew your car insurance policy online on Coverfox
To renew car insurance policy, you will have to submit your identity proof, address proof, vehicle registration certificate and previous year policy number.
You can renew car insurance online at Coverfox.com. Simply enter your vehicle number, vehicle details such as make and model, previous year policy number, identity details, address proof and proceed with making the purchase.
Yes, you can renew your car insurance policy within 30 days from the date of policy expiry.
Yes, you can modify your add on covers at the time of car insurance policy renewal.
With digitization, car insurance policy renewal takes just a few seconds. On making a successful payment, you can get a car insurance policy issued instantly.
Your NCB stays intact even if you renew a car insurance policy from a different insurer.
IDV is the existing market value of your car. You can change the IDV of your car at the time of renewal. However, having a higher IDV attracts a higher premium and vice versa.
Yes, today every insurance company does send renewal reminders to ensure you don’t miss out on car insurance renewal.
Yes, you can renew car insurance policy 90 days before the date of expiry
You should ideally renew your car insurance policy before the date of expiry as expired insurance does attract inspection which can lead to an increase in premium too.
You should immediately renew it before you get caught by the traffic officials for driving without valid insurance cover.
Yes, you can choose to add add-on covers to your car insurance at the time of renewal by paying additional premium.
No, ideally you can opt for add on covers only at the time of policy renewal.
