ATK
New Delhi [India], October 8: According to the Motor Vehicle Act of 1988, it is mandatory for every two-wheeler owner to have a vehicle insurance policy (mostly known as the third party insurance). Apart from being a legal requirement, it is also beneficial in providing you with the necessary financial assistance during any emergencies related to your vehicle.
However, keeping your bike insurance up to date is equally crucial, allowing you to avoid costly penalties or fines. Read this blog till the end to learn how you can do that.
How Can You Avoid Fines By Updating Your Bike Insurance With Online Checks?
Go through the following points to learn how regular bike insurance online check can help you to avoid fines:
* Helps in Detecting Expiry Date
One of the most crucial things that lead to penalties is the expiration of a vehicle insurance policy. Whenever a policy expires it remains no longer valid for the vehicle owner, leading to costly fines and cancellation of the legal grant to drive on the roads of the country.
Thus, regularly checking the status of your insurance policy online helps you to detect the lapse beforehand, enabling you to act accordingly and renew it on time.
* Ensures Your Premium Payments on Time
Whenever a policyholder fails to clear the due premiums within a stipulated time, there is a high chance that their vehicle insurance plan can be terminated. Thus, if your existing insurance plan gets invalid, you can lose your legal grant of driving and can be charged costly fines.
To avoid such scenarios, you must ensure to check the status of your vehicle insurance online, from where you can learn about your due payments and clear them on time.
* Enables You to Update Personal Details
Two-wheeler owners can also be charged fines whenever any incorrect personal details like age, address, or name are found in their insurance details. Hence, checking the status of your vehicle insurance policy enables you to identify and verify all the details provided in your insurance plan documents. In case you find any errors, you can connect with your insurance provider to make the necessary changes as early as possible.
* No Break-in Policy
Whenever policyholders do not renew their insurance plan within the scheduled time, the subsequent insurance after the renewal period is considered a break-in policy. In such cases, your vehicle will again have to go through an inspection with fines and an increase in the policy cost.
Thus, staying up to date with your insurance plan through bike insurance check online allows you to learn about scheduled renewal periods. So you can proceed accordingly and opt for its timely renewal.
* Helps in Updating Modification Details
In case you have changed or modified any details related to the vehicle, you need to inform your bike insurance provider so that they can update such modifications. Any errors or incorrect information in your vehicle insurance plan related to your bike can lead to costly fines.
* Allows You to Get the Best Coverage
You can select the kind of coverage you want for your vehicle during the issuance of your policy. However, with time, if your preferences change, you can enhance your existing coverage by including additional options.
By staying up to date with your bike insurance policy, you can identify the coverage you are missing out on currently and opt for the required ones. This way you ensure having an updated comprehensive insurance coverage that shields you from all kinds of penalties and fines.
How Can You Stay Updated With Your Bike Insurance Status Online?
There are several ways through which you can view the current status of your bike insurance policy online. However, the ideal way is to do the same through the official website of your bike insurance provider.
You can refer to the following ways to stay up to date with online checks:
Step 1: Visit the official website of your bike's insurance provider.
Step 2: Log in with your bike's registration number and your registered mobile number.
Step 3: Now select your insurance plan from the options displayed. You can now see the status of your bike's insurance policy.
Final Words
To wrap it up, updating your bike insurance policy is not only essential but a requirement to ensure you are charged any penalties or fines. You need to inform the insurance company in case you change any of the given information related to your vehicle. Thus, whenever you purchase a two-wheeler insurance plan, make sure to stay up to date with its current status by regularly checking the official website of your vehicle insurance provider or any government website.
(ADVERTORIAL DISCLAIMER: The above press release has been provided by ATK. ANI will not be responsible in any way for the content of the same)