What happens if you don’t renew your bike insurance?

If your bike meets with an accident when the policy has lapsed or post-expiration, you will have to bear all the damage expenses, as well as medical costs for bodily injuries. Not just that, if you ever get caught without an insurance policy, you will have to pay a hefty fine and are punishable under the law.

What will happen if I don’t renew my bike insurance?

Your bike may have to be inspected by the insurance company to renew the policy. … If you do not renew the policy before the grace period ends, which is usually 30 days, and if you do not renew it before 90 days, you will lose the discount (NCB) as well.

How do I renew my bike insurance after it expires?

How to Renew Two Wheeler Insurance Online after Expiry?

  1. Review your requirements related to two-wheeler insurance. …
  2. Login to your insurer’s website.
  3. Enter the details related to your bike and your previous policy.
  4. Select the type of bike insurance policy.
  5. Set Insured Declared Value (IDV) and select Add-ons if required.
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What is the fine for not having bike insurance?

If you are caught up without insurance, enforcement agencies can impose fine up to Rs 1000 or imprisonment up to 3 months or both as per the Motor Vehicle Act.

Is it compulsory to renew vehicle insurance?

Most car insurance policies are renewed once in every 6 months or in a year. You must renew your car policy within one year after buying it. Car insurance companies either notify you about the motor insurance renewal via telephone call or an email well in advance before the policy expires.

Can I buy a bike without insurance?

Penalty. Whether it is a two-wheeler or a four wheeler, each and every vehicle must have insurance while plying on Indian roads. If you are caught without a proper policy, you must be ready to pay a very heavy fine or imprisonment up to 3 months. This rule is enforced by Motor Vehicles Act.

Can you ride a bike without insurance?

Riding without motorbike insurance is illegal. If you’re caught riding without it, you could be fined or even disqualified from riding. Even if the bike itself is insured, if you’re not correctly insured to ride it, you could get penalised.

What happens when insurance expires?

Consequences of an insurance lapse

Not having insurance: If your auto insurance expires or cancels, your biggest concern is not having coverage. That means if you cause an accident and hurt someone else or damage their car, you’ll have to pay completely out of pocket. Same goes for damage to your car.

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When can I renew my two wheeler insurance?

You can avail a No Claim Bonus (NCB) on your two wheeler insurance if you haven’t made any claims or transferred your vehicle during the previous policy period. However, make sure you renew it within 90 days from its date of expiry.

How can I renew my two wheeler insurance?

Common Steps to Follow for Online Payment of Two-Wheeler Insurance:

  1. Log on to www.policybazaar.com.
  2. Fill up the required details of your bike in the renewal form to proceed with your online payment.
  3. Get the premium quote and make your payment. Keep your credit/debit card or NEFT details.

How much is the fine for no PUC?

Penalties for Not Obtaining a PUC Certificate:

The penalties for failure to obtain a PUC Certificate are Rs. 1,000 for the first-time offence and Rs. 2,000 for subsequent offences. The fine for not obtaining a PUC Certificate is enforced under Section 190(2) of the Motor Vehicles Act, 1988.

What happens if police catch you without insurance?

What happens if I’m caught driving without insurance? If you’re pulled over by the police, they can issue you a fine for driving without insurance. … If the case goes to court, you could face an unlimited fine and even disqualification from driving, which means putting a halt to your business activities.

When can you drive without insurance?

You don’t need motor insurance if: you have a valid Statutory Off Road Notification (SORN) your vehicle has been kept off a public road since before 1 February 1998. your vehicle has been scrapped, stolen or exported and you have given notice of this.

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