How to Renew Car Insurance After One Year of Lapse?
1 Answers
To renew car insurance after one year of lapse, simply purchase a new policy from an insurance company. Below are detailed explanations regarding lapsed car insurance: 1. Definition: Motor vehicle insurance, commonly known as auto insurance or car insurance, refers to a commercial insurance that covers liability for personal injury or property damage caused by natural disasters or accidents involving motor vehicles. It is a type of transportation tool insurance that covers the vehicle itself and third-party liabilities. 2. Key Points to Note: Most insurance companies consider a lapse of more than three months as a new policy. It is important to note that after purchasing insurance, the policy must be affixed to the upper right corner of the vehicle's windshield.