What To Do When Your Vehicle Insurance Has Lapsed?

1. What To Do When Your Vehicle Insurance Has Lapsed? The Indian Government has made the two wheeler insurance policy a mandatory thing. This insurance policy can help you save money by covering the costs for repairs and damages. Most of the bike owners after buying the insurance forget almost everything about it such as to renew on time. At times, it happens that after the renewal date has passed by, one realizes about the same. So, what should you do if your two wheeler vehicle insurance policy has lapsed? Well, you either pay up the penalty and start again or shop for better options. So, the steps you can follow have been listed here. The first most important thing that you will need to do is to finalize on an insurance company. You can compare two wheeler insurance on online portals to select the one that offers the most competitive premium. You will also have to make sure that your vehicle is thoroughly inspected by a surveyor to find out if there are any damages and once the inspection is over you can purchase a suitable policy.

2. In case you want to renew the policy with your previous insurer, you can call your insurer directly to get more information on how to renew it. Now once the renewal is done, the next most important thing that you will need to do is setting up due reminders and alerts for the renewal so that the policy does not lapse again. Just as you can compare two wheeler insurance premiums online, you can also carry the entire process of renewing your lapsed insurance online. This can help you in saving a lot of time and these online portals also have the provision of sending timely alerts and reminders so you don’t have to worry about missing out on the dates. Liberty Videocon is well-known insurance company that has an excellent online user interface where people can buy vehicle insurance, renew them, and pay premiums without any hassles at all. Address: 10th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai Maharashtra 400013 Website : https://www.libertyvideocon.com Phone No : 022-67001313 Fax No : 022-67001606 Email : care@libertyvideocon.com Social Connections : Facebook : https://www.facebook.com/libertyvideocon Twitter : https://twitter.com/LibertyVideocon LinkedIn : https://www.linkedin.com/company/liberty-videocon-general-insurance Google+ : https://plus.google.com/+LibertyvideoconIndia YouTube : https://www.youtube.com/user/LibertyVideoconIndia