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insurance expired !! what to do ?
guys i just realised my bike insurance expired 0n 17 july 2011 . nearly 3 months ago !! work life and the fact that i hardly ever ride my bike made me forget it . now what to do ??? which insurance co to go for renewing it ? it was done from shriram general insurance . i hope its not a problem as policy is expired so will there be any issues in renewing it ??
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Query approvedHappiness is finding you have another Gear left....
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Go to any reliance fresh outlet and get an ICICI Insurance. It is cheaper bought from them, than when bought online. These days, many petrol bunks in Hyd. are having insurance agents visiting them often and they offer insurance on the spot. So, you can check if there is any such thing in your place.Some of the Happiest people in the world don't have everything. They just make the best of everything life brings their way !!! Stay happy, Smile always :)Comment
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You can get it renewed at any insurance company. However, they will insist on vehicle verification (photographs will be taken) as the policy has lapsed.
They will tell you how much premium is to be paid taking vehicle IDV (Insurer Declared Value) as base for calculation, w.r.t. market rates.
On the down side, you may find that the premium quoted is higher than last year's premium, since the no-claim bonus expires after 90 days.
If you are still within 90 days, you can avail it even if you are changing the insurer.
Hope I was clear.Quench my thirst with gasoline!Comment
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Don't forget to take your expired insurance copy with you. New insurers might ask to see it for some reason. Getting a new insurance is a very easy job, do it fast.Comment
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Re: insurance expired !! what to do ?
I would suggest you approach some reputed insurance brokers. They will help you renew you insurance policy in the existing company or else will also suggest you, if there, some better insurance policy that will best suit your requirements. The reason to approach an insurance broker is to get professional insurance advisory services and that too in an unbiased manner.Comment
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motor insurance with them. Can anybody out here suggest me whether it is a good idea to switch my policy or not?Comment
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why are you not happy with the current insurance co? I had a fine experience with iffko tokio when my bike crashed and when it got stolen.. so though my P220 came with oriental insurance i switched to iffko tokio just for their service standards. Its upto you but a insurance is compulsory by law as well from the point of view of financial safety.Originally posted by mailmesamt View PostRegardless, Life shall go on.Comment
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Can vouch IFFCO TOKIO; I'm quite happy with them covering my CBR.Skill is what keeps you on a Motorcycle
Awareness + Skill is what keeps you out of harm's way
ATGATT + Awareness + Skill means you might Live To Ride another dayComment
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Not pertaining to any previous queries but since this is very much on topic, sharing it here.
If policy has expired only a couple of days back, Log onto
Online Insurance, Car Insurance India, Compare Health, Travel & Life Insurance Quotes, Bike Insurance India
OR
And buy a new policy from home. No inspection required.
Easyinsuranceindia lets you compare insurance quotes from various companies so that you may choose the policy of your choice with the least expensive premiums. Won't save much, but why pay more when its possible cheaper.
P.S.: I have personally used both.Advice is a form of nostalgia.
Dispensing it is a way of fishing the past from the disposal, wiping it off, painting over the ugly parts and recycling it for more than it's worth.
Antz Travelz!! | South India Exploration Ride | Leh Triplog (Work in progress)Comment
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Insurance renew and late fee
I'm using ICICI insurance from last two years for my CBR and its due for a renew on the first week of July. Now the thing is currently I'm out of town and it's hard to renew the insurance by sending someone from my family or friends.
I won't go for online renewal as they reduce the vehicle insured amount fairly low and the showroom guys are very responsive and take good care of the vehicle in case of any damage. So I will definitely go for an in-store policy renewal.
Now my question is, if I renew insurance 2-3 months after it expired what would the be the late fee amount? Is there any other option to switch to a new insurance company without paying the late fee? Just to mention, last year insurance premium was 3.5K.Last edited by hypheni; 06-26-2015, 11:21 PM.Comment
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