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Common mistakes to avoid when renewing Cholamandalam MS car insurance


Common mistakes to avoid when renewing Cholamandalam MS car insurance

Read this article to find out which 5 most common errors to avoid while renewing your car insurance with Cholamandalam MS.

According to Indian Automobile Law, each bicycle owner must have a valid car insurance policy. The number of traffic accidents has increased significantly as the number of vehicles on the road has increased. Get involved in the damage of both your bike and the other party car. Compensating for losing a third party and repairing your bike would be very expensive. As a result, an appropriate car insurance policy with adequate coverage is necessary. In this article, you can read about common mistakes that you can avoid while renewing your car insurance from Cholamandalam MS General Insurance. 

5 Most common errors to avoid during car insurance renewal 

Like every other insurance policy, your car insurance also has a specific term through which it is valid. At the end of the term, the car insurance policy facilities are also suspended. Regular renewal of your insurance will help you stay covered and take advantage of the facilities. Even if your car insurance renewal process is simple in Cholamandalam MS General Insurance, it is very common to make mistakes. Here are the mistakes you can avoid while renewing your car insurance with Cholamandalam MS General Insurance -

Skip the comparison approach 

When you renew your car insurance, it's your best chance to explore the various facilities and policy plans offered by different insurance companies. You can choose different additional covers and change the type of policy on your car when you renew your plan. You may miss better deals and plans when you skip comparing different insurance policies. At Cholamandalam, you can choose from different policy plans for your car and choose the additional covers required depending on your requirements without any online confusion. 

Identify unnecessary add-ons

Identifying add-ons may not always be necessary, and many policyholders are wrong to cross the line. These additions increase the total cost of your car premium. Therefore, it is wise to select covers that suit your needs. It's great to be careful, but being overly cautious can lead to an unwarranted annual increase in premiums.

Choose a plan with minimal coverage

Choosing this level of coverage will help you meet your legal obligations, but not your insurance needs. Although plans that offer minimal coverage may be budget-friendly, they can leave you unexposed in cases of bad luck. At Cholamandalam MS General Insurance, you can choose a car insurance plan that is designed to meet your needs at an affordable premium. 

Annual premium payment

The cost of car insurance premium is one of the main parameters that comes into effect while purchasing or renewing your car insurance. Failure or delay in paying insurance premiums by policyholders may lead to a variety of issues. As a result, policyholders must choose a comprehensive coverage plan that meets all their requirements. You should also make sure that the strategy fits your budget, otherwise all benefits will be lost.

Avoid online facilities 

For some, the world of the Internet is a completely new world, and moving on may be a challenge. Compared to offline policies, online policies are more appropriate and economical. There are many benefits to using an online platform starting with access from anywhere at any time with no paperwork. Cholamandalam MS General Insurance has enabled its customers to renew their insurance policies online on their official website which has a simple user interface. 

Take away

To continue to receive benefits from Cholamandalam MS General Insurance, you must renew your insurance policy on a regular basis. If your car insurance policy expires, your claim will be rejected. If you want to stay covered, make sure you renew your bike insurance coverage on a regular basis. To avoid rejecting your claim, be sure to follow the terms and conditions of the policy while claiming your car insurance.

Read also: 

All About Car Insurance Scams in India

How to cancel your car insurance policy and get a refund?

Disclaimer: This article is published in the public interest and is intended for public information purposes only. Readers are advised not to rely on the contents of the article as crucial in nature, and further research or expert consultation should be conducted in this regard.