If you are willing to renew with the same insurance company you are lawfully bound to inform this company of any alterations to the statement of fact that you initially made when you first took out the policy.
(OPENPRESS) Kolkata, Nov. 11, 2013 As you near the end of the period of cover, your insurance company will invite or tender you to renew the contract. These days the systems employed by large car insurance companies will trigger the renewal procedure which initially means the production and posting of a set of renewal documents to the policyholder. This is sometimes regular so the invite to renew pack is generated automatically around fifteen days before the termination of the prevailing car insurance contract, giving the possible renewal customer time to correspond with the automobile insurance company and inform them of any changes that may have occurred during the term of the contract which are not reflected in the renewal papers.
Now, if you are willing to renew with the same insurance company you are lawfully bound to inform this company of any alterations to the statement of fact that you initially made when you first took out the policy. Because of the compulsory nature of third party car insurance, nowadays some grace is allowed after the renewal date of the policy. This can cause problems for car insurance companies as for practical purposes renewal documents and certificates have to be produced and dispatched to the prospective renewal policyholder in advance, which will become operative from the first day of the new period of insurance.
The renewal certificate, required by law to tax a motor vehicle, in theory cannot be issued until the renewal premium is paid. Hence the car insurance renewal policy can seem to be a bit hazardous for the payers. As we know that car Insurance has surely been one of the most popular and common General Insurance Policies in India. As per Motor Vehicles Act, 1988, all motorized vehicles are required to have Liability Insurance before plying on public road. To make your job of finding the best car insurance policy online in the most hassle-free manner, now GreenGeneral Insurance Broking Pvt Ltd (GIBL) -- a private limited company registered under companies Act 1956 with its registered Head Office at Durgapur (West Bengal) -- provides you the smoothest car insurance quotes from leading insurance companies in India.
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