What to Do If Your Car Insurance Has Expired?
1 Answers
Car insurance is divided into compulsory traffic insurance and commercial insurance. If it's the commercial insurance that has expired, the car owner can renew it at any time; if it's the compulsory traffic insurance that has expired, the car owner must immediately go to the traffic management department to pay for it, otherwise driving with expired insurance may result in penalties if caught. Three key points to note when renewing insurance: 1. Avoid driving without insurance: Insurance companies stipulate that commercial car insurance can be renewed up to 3 months in advance. Some insurance companies also send periodic reminders to car owners before the insurance expires and offer various promotional activities during the renewal period. Compulsory traffic insurance cannot lapse; if caught by traffic police without it, the vehicle will be impounded, and a fine of twice the insurance premium will be imposed. 2. Activate the policy: If renewing a paper policy, the new policy takes effect immediately after the old one expires. However, if renewing an electronic policy, it needs to be activated to take effect. Therefore, car owners with electronic policies should activate them promptly to avoid driving without coverage. 3. Optimal renewal time: To prevent a gap in insurance coverage, it is recommended to renew the insurance about one month in advance to avoid last-minute hassles and ensure a smooth renewal process.
