Owning a two-wheeler is a big achievement and a moment of immense joy for most of us and thus, we  wish to protect it in every possible way. A two-wheeler insurance is a step in that direction.

Today, different insurance companies have different plans in place with different add on covers and benefits provided to them. A two-wheeler insurance policy, as you must be aware, gives you the financial protection for damages caused to your vehicle due to road accidents or disasters, be them natural or manmade.

But what if your two-wheeler insurance lapses after a period of time? You most certainly can renew it. Rather, you should prioritize renewing your two-wheeler insurance policy.

Before we get on to the steps of renewing a lapsed policy, let us revisit the concept of ‘lapsed policy’.
An expired policy is known as a lapsed policy. The policy has expired as the policy holder did not renew the policy as per its schedule or on time. If your 2-wheeler insurance has lapsed, then you won’t be able to file a claim as you have a lapsed policy which is as good as not having an insurance policy.

As mentioned earlier a lapsed policy means that your two-wheeler is no longer insured. So, if your two-wheeler is damaged due to a road accident, and has a smashed windshield or a failed engine, then you, as the owner of the two-wheeler will have to entirely bear the loss due to damage. Note that you will also have to be ready to bear third-party liability should the accident involve a third person.

Renew Your Two-Wheeler Insurance Policy
The lapsed policy does not mean an end-of-the-world-scenario. You can renew your two-wheeler insurance anytime you want online. All you have to do is review the various deals available to select a policy that best suits your needs. Read the policy document carefully to evaluate the discount in premiums, add on covers and benefits.

Get Your Vehicle Surveyed
This is a pre-requisite for policy renewal. Through this process you come to know if you are eligible for a policy renewal. A surveying inspector surveys your vehicle for a nominal charge and concludes if the damages to the vehicle are minor or irreparable. Minor damages are not covered under the insurance policy.

Regardless of you having decided to renew your policy online or offline,  you must always keep the documents such as driving license, earlier policy details, two-wheeler model name, engine capacity, RTO details, add on insurance benefits, registration number ready.

You also have the option of going for a long-term two-wheeler insurance plan as it avoids the hassle of renewing your policy every year and offers discount on own damage premium (OD). No doubt a long-term insurance policy is convenient.

So, what are you waiting for? Renew your two-wheeler insurance online or visit your nearest insurance provider’s office to purchase one.