There is no denying that buying a bike insurance policy has become an absolute necessity, as stated in the Motor Vehicles Act of 1988. Whether you have a new or old bike, you must have at least a third-party bike insurance to drive on the Indian roads legally. Now, as vital as it is to have a valid bike insurance policy, it is also essential to keep a tap on its expiry date. If you have been thinking about why you should perform a bike insurance check, then read through the section below and learn more.
Reasons to Check Bike Insurance Expiry Date
Many a time, you may forget the bike insurance expiry date. Thus, in the section below, let us take you through the importance of bike insurance online check.
1. Legal Compliance: In India, having valid insurance is a legal requirement for riding a bike on public roads. If your insurance policy has expired, you will face legal penalties, including fines or sometimes imprisonment. However, when you regularly check your bike insurance expiry date, it becomes easier to ensure that you renew it on time and are compliant with the legal mandates.
2. Financial Protection: An accident can happen anytime and may burn a deep hole in your pocket. The financial repercussions can be overwhelming if you have been involved in an accident without a valid insurance policy. In such a case, you will be liable for damages to other vehicles or property. But, if you have a valid bike insurance policy, you can overcome this financial challenge. So, make sure to keep your bike insurance policy updated at all times.
3. Continued Coverage: Renewing your insurance before it expires ensures continuous coverage. If you fail to renew the policy before its expiry date, you will stop getting the bike insurance coverage. Moreover, while you renew your bike insurance policy on time, you can upgrade to a new plan, if required. Regularly reviewing your policy thus helps you ensure you have the appropriate level of coverage for your precious bike.
4. Discounts: Many insurers offer discounts if you renew the policy with them again. So, you must check with your insurer to see if they are offering any discounts and accordingly decide whether to renew the plan with them or not.
5. Peace of Mind: Riding with a valid bike insurance policy gives you peace of mind. Knowing you’re protected in the event of an accident allows you to enjoy your ride without unnecessary worry. Regularly checking your insurance expiry date ensures you can ride confidently, knowing you are safeguarded against potential risks. It is also true that dealing with expired insurance can be stressful. The fallout can be overwhelming if you’re in an accident and find out that your policy has lapsed. So, it is better to check the expiration date regularly, which will help you avoid these stressful situations altogether.
How to Check Bike Insurance Status with ACKO?
If you have bought a bike insurance policy with ACKO and want to check it’s expiry date, then here are the steps you need to follow:
- Go to the ACKO website or mobile app
- Login into your account with your registered mobile number
- Enter the vehicle registration number
- You will then be able to view your bike insurance policy card
- Check the expiry date, and if in case the date is near, renew it
Summing Up
Thus, if you have a bike insurance policy, remember to regularly check it so that you can renew it before its expiry date.
