How to Renew Insurance for a Motorcycle After It Lapses
1 Answers
Directly contact an insurance company to purchase a policy. Below is supplementary information regarding motorcycle insurance renewal: 1. Renewal Discounts: As long as the insurance lapse does not exceed three months, you can still enjoy discounts. 2. Consequences of Lapsed Insurance: According to China's traffic laws, if caught by traffic police without compulsory traffic insurance, you will face a fine of double the premium, be required to purchase compulsory insurance, and have your vehicle impounded. 3. Compulsory Insurance: Motorcycle compulsory insurance is a mandatory liability insurance provided by insurance companies to compensate victims (excluding the vehicle's occupants and the insured) for personal injury, death, or property damage caused by road traffic accidents within the liability limits. Therefore, if the motorcycle's compulsory insurance expires without renewal, the owner may face substantial compensation in the event of an accident.