Why you should renew your car insurance policy on time?

economictimes.indiatimes.com:

car insurance online to avoid policy lapse and associated hassles. If you are wondering why you must renew your car insurance on time, we will tell you in this article.

Reasons to renew your car insurance on time

The following are the reasons why you should renew your car insurance policy on time:

1. To ease your financial burden: If you own a car, it is important to keep a valid car insurance policy handy. In case your car meets with an accident, a comprehensive car insurance policy will cover your own as well as third-party liabilities and save you from financial setbacks.On the other hand, if your car injures a third party and your insurance policy has lapsed, you will have to compensate the third party from your pocket and also bear other associated expenses.
2. To avoid legal issues: Driving a car without a valid car insurance policy is illegal in India. The Motor Vehicles Act of 1988 mandates car owners to have at least a basic third-party car insurance policy to avoid legal issues. Therefore, if you drive with an expired insurance policy and you happen to get caught by the traffic police, you will be fined for the same.
   To prevent heavy repair expenses: If your car needs repair after an accident, your comprehensive car insurance policy will cover the bills. However, if your insurance policy has expired, you will be forced to pay the garage bills from your savings.
3. To ensure continuous coverage: Renewal of car insurance policy on time is crucial for continuous coverage. It is best to renew the policy on or before