It is always a tiring task when it comes to relocating due to a new job or any other reasons. With so much to do, you might miss out on a few things, such as your car insurance. Car insurance is one of the essential things that you should not forget and must take care of. Let’s see how:
Notify & Update your insurer
When you are relocating to another city, the first thing you need to do is check your insurance policy to take care of your car. You must update your insurance company with your latest address and other details. You must inform your insurer and get a NOC from the RTO of the previous city for re-registration.
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While your policy is valid across India, you might consider switching plans or upgrading when relocating. One area’s insurance might not be appropriate for a new place. For instance, if you relocate to a place which is more prone to natural disasters, it might be better to get a comprehensive plan with specific coverage.
Be Open to a New Car Insurance Company
Digitalisation has changed how industries & business work; now, you can easily buy car insurance online from the endless available options. If your policy expires around the same time, you can also look for a new company.
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As you are switching locations, some research can help you find better suitable options for the new location. This can help you avail some extra benefits which the old company did not offer. Also, if you are switching companies, keeping the time in check is better to avoid a coverage gap.
Transfer the no-claim bonus
No-claim bonus is an important aspect; it is the discount given to the car owner if he has not made any insurance claims during the period. It is like a reward for driving your vehicle safely; if you are buying a new car while relocating, it is vital to make sure it is transferred.
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Even if you are switching insurance companies, the no-claim bonus will stay with your car and be transferred accordingly. You must keep these basic things in mind for your car insurance while relocating. Digitalisation has simplified the process, but you must be careful.
