Having your car insured is mandatory, and you must never let it lapse. The reason is simple – even a single day without an insurance cover can cost a lot. Here are a few benefits of renewing your car insurance plan on time.

Third party coverage

In case you are in an unfortunate accident that involves a third-party, you may be asked to pay for the damages caused to them. If you let your insurance policy lapse, you will have to bear the costs out of your pocket. These could be substantially high if the third-party suffers disability or death. Renewing your policy will safeguard you from such eventualities.

Uninterrupted comprehensive coverage

Comprehensive car insurance takes care of any expenses arising from damages sustained by your car. The damage could be because of a road accident or any other calamities. The cover also provides protection against loss from car theft.…