Car insurance to expired and you must not make it to happen. When the due date arrives, you need to make it a point to renew your car insurance policy. Nevertheless, if your motor insurance policy is not renewed on time, it will expire.
First of all, when your policy fails, there are a lot of risks and penalties involved. Therefore, you must renew the policy on time and save your valuable time and money. You have to take care of a few items in a safe position that will bring you back. You should know that the policy of your car insurance has expired and therefore it is in full risk. If anything happens to your car you will not be liable for the damage that has happened. You will have to cope without any financial assistance if your car gets stolen or catches fire. Here are a few things you always have to consider when your car insurance policy expires.
Contact your insurer.
Even if the due date of renewal has been missed you can call your insurer and take things forward. In such situations, your insurer will be in a better position to assist you. As an insurer will have expertise in the matter, it can reinstate your car insurance without much hassle. This is because, your insurer can restore the policy of insurance and save you from paying any penalty. But, if you are waiting for a longer time, it may get tougher for you to find an insurer willing to insure your car. The situation might get worse if you have an old car.
Don’t drive your car.
Driving your car means putting your car at an additional risk. It might not be your fault, but the insurance policy will not cover a minor damage to your car during this period. To avoid this to happen, call or check with your insurer to clarify if they have an option to renew the plan online, if you can’t just do it with your car.
Buy a new policy.
If the policy has been cancelled by the insurance company due to non-payment of the fee, you will need to renew your expired insurance policy. In Malaysia, most insurance companies offer car insurance at reasonable rates and all you need is to go for a reliable policy. Besides that, most people are hesitant to buy online car insurance and you might be surprised to know it’s very easy and safe. Well, this saves a lot of time and is also less than an agent’s fee payable.
Keep Your Documents Safe.
It would be wise to know the documents required for renewal after you have decided which policy you want to purchase and keep them handy. To learn about the documentation that will be needed during the renewal process, you can contact your insurer. Next, it is important to keep a copy of your previous policy and certificate of registration (RC) handy as well as other information such as car brand and model, age, place of registration and first date of registration. Once you purchase a new car insurance policy, gather all the documents required to renew your expired policy.
You can now read online full policy information including exclusions, and terms and conditions, and compare it with making a choice. Additionally, by entering the car insurance specifications on the insurer’s website you can get instant car insurance rates online. Buying or renewing car insurance policies with a click of a mouse is simple and fast. Hence, it doesn’t include the lengthy paperwork which is a waste of time.
Review online insurance policies, compare plan benefits and rates, find the best insurance quotes and buy a policy within minutes by visiting the motor comparison website on PolicyStreet. This is a great opportunity to compare 8 instant motor insurance quotations in 1 minute. It is that simple!