Four-wheeler insurance is one of the ways to ensure a layer of security and protection to your car. Your vehicle needs protection, so that when faced with dire situations, it does not lead you into financial distress.
Besides the protection offered, a part of comprehensive 4 wheeler insurance is also mandatory for your vehicle, as maintained by the Motor Vehicles Act, 1988. According to this Act, a car owner needs to have at least third-party liability cover for their vehicle.
Thus, it is necessary to ensure at all times that at least your third party car insurance is valid.
But what would make it invalid? Are there reasons why you should be worried about your car insurance? Let’s find out.
The invalidity of 4-wheeler Insurance in India
It is not entirely usual for four-wheeler insurances to be invalid in India. There may be some special conditions under which you may find yourself with invalid 4-wheeler insurance in the country. Even when such is the case, know that with the availability of car insurance renewal online, it may be quite easy to get valid insurance again.
Here are a few of the reasons why your car insurance may be invalid.
- False or invalid claim
It is important to be careful about the claims you make on your insurance policy. If you end up making a false claim, or one of your claims is considered false or invalid, it may affect your policy. False claims can render your policy invalid. *
- Failure to pay premiums
The validity of your policy is primarily dependent on whether the premiums for the same are paid in full and on time. These policies usually demand a single premium payment from the policyholder. Thus, it is much easier to not forget about these premium payments or not default on them for any other reason. Moreover, when carrying out car insurance renewal online, your purchase process may not be complete unless the payment is done. To ensure that your policy is not rendered invalid, pay the premiums on time and in full. *
- Not mentioning car modifications
You may end up making some modifications to your car. Such car modifications, at least some of them, are factors that influence your car insurance premium. They may add to your car insurance premium price. If you do not disclose these modifications at the time of car insurance renewal online, or while buying a new car policy, they may render your policy invalid. It is ideal to ensure that your insurance provider knows about any modifications to the car. *
- Expired policy
This may seem obvious to most people but there may be instances where one forgets to renew one’s policy. If you carry an expired policy, know that it is invalid. Remember to renew your policy on time and keep a copy of your current policy handy. *
- Wrong use of vehicle
If you own a private vehicle and are using it for commercial purposes, it is considered to be the wrong use of the vehicle. If you have been employing your vehicle for the wrong use, your 4-wheeler insurance may be deemed to be invalid. Use your vehicle only for the purposes it has been registered for. *
Providing false information in your insurance application can lead to claim rejection and end up making your policy invalid. When buying car insurance or renewing it, ensure that you provide complete and accurate information.
These are a few of the reasons why your car insurance may be rendered invalid. It is ideal to ensure that your premiums have been paid on time and that your policy details are all correct. *
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.
* Standard T&C Apply