News From Press Myths around your lapsed car insurance busted: Should you renew your policy if the car isn’t being used at all?

Myths around your lapsed car insurance busted: Should you renew your policy if the car isn’t being used at all?

Source: Financial Express Feb 24, 2024

In an ideal scenario, no insurance policies should ever lapse; however, when it comes to motor insurance, the stakes are even higher. Lapsed policies have no room in motor insurance – as it’s illegal to drive without at least a valid third-party motor insurance policy. Certainly, for overall protection, one should opt for a comprehensive policy that covers damage to your own car as well.

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