How Early Can You Purchase Auto Insurance?
1 Answers
According to insurance company regulations: Commercial auto insurance renewal can be initiated up to 90 days in advance. This means that vehicle owners can apply for renewal with their insurance company 90 days before their current policy's expiration date. Below is relevant information about auto insurance: 1. Compulsory Traffic Insurance: A mandatory national auto insurance that provides coverage for the other party's property and personal safety. If this insurance lapses, even for one day, traffic police can impound the vehicle until the owner complies with the legal requirement to purchase the insurance, in addition to imposing a fine equal to twice the premium of the minimum liability coverage. 2. Vehicle Damage Insurance: This insurance primarily covers the vehicle itself. If the car is involved in an accident or suffers damage due to natural disasters, these losses can be compensated by the insurance company through the vehicle damage insurance.