How to Renew Two-Wheeler Insurance Online After Expiry?

What is the Renewal of Bike Insurance?

Renewal of two-wheeler insurance online refers to the process of extending the validity of your existing two-wheeler insurance policy once the expiry date arrives. It's a necessary step to get continued protection for your bike against risks like accidents, theft, natural disasters, and third-party liabilities.

Benefits of Renewing Two-Wheeler Insurance Online

The renewal of a two-wheeler insurance online is an easy and quick process. Here are some of its major benefits:

1. Easy Comparison

One of the biggest benefits of renewing two-wheeler insurance online is the easy comparison between policies. You can compare many bike insurance plans, their prices, coverage options, and benefits side by side in one place. This comparison helps you to make the right decision based on your needs.

2. Quick and Easy

Buying or renewing the policy online helps to save time. It just takes a few minutes to renew bike insurance online after expiry. You just need to fill in some details, make a payment, and you will be able to renew your expired policy only by sitting at home, in your comfort zone.

3. No Paperwork

In the renewal of two-wheeler insurance online, there is no need for a hard copy of documents. All the work and document submission is done through an online mode, starting from renewing your bike policy to its claim.

4. 24*7 Customer Assistance

If you renew the bike insurance policy online and have some queries related to it, you can easily resolve them with the customer care service through calls or emails. You can contact customer care at any time during your renewal process.

Steps to Renew an Expired Two-Wheeler Insurance Policy

Here are the steps to renew an expired two-wheeler insurance policy:

• Step 1: Go to the official Square Insurance website and click on the “Renew Your Policy” option.
• Step 2: Select and choose the “Two-Wheeler Renewal” option on the website.
• Step 3: Provide the details relating to your current policy, including personal details and policy number.
• Step 4: Go through the current coverage and make the required changes in the renewal.
• Step 5: Now, compare the lump sum cost of your renewed policy.
• Step 6: Select the preferred mode and make the payment via UPI, card, or net banking.
• Step 7: After confirmation, get your renewal policy document on your registered email.

Why is it Necessary To Renew An Expired Bike Insurance Policy?

In case you are unable to renew your bike insurance policy within the grace period offered by the insurer, your policy will lapse. So, to protect your bike further, you need to buy a new bike insurance plan that may be costlier.

In addition, riding your bike without insurance is illegal and risky, as you’ll have to pay for the damages or accidents from your own pocket. So, it is always good to renew a bike insurance policy online after expiry, within the grace period offered by the insurer.

How to Avoid a Lapse in Renewal of Bike Insurance?

To avoid your policy from lapsing, here are some key points to remember:

• Set phone reminders 30 days before the expiration date.
• Set auto-renewal of the policy.
• Receive all renewal notifications on your contact number.
• Find and compare better deals before the end of the grace period.
• Renew online through the insurer's website.

Conclusion

Renewal of bike insurance is necessary to ensure the financial and legal safety of your bike. It protects you from unexpected expenses and keeps you legally safe, without any interruption. Renewal of a bike insurance policy online is a quick and simple process. You can get help from customer care executives anytime in the online renewal process. So, always renew your policy on time and enjoy a safe, worry-free ride.

Feel free to connect with us if you face any issues in the renewal of your expired bike insurance policy. Buy, Renew, and Enjoy!