Motor
Motor Insurance Renewal Checklist: IDV, NCB and Add-ons
Renewal is the best time to fix gaps in your motor cover. Five things to check before you pay.
Most people renew motor insurance by paying whatever the renewal notice says. A few minutes of checking can avoid unpleasant surprises at claim time.
1. Renew before the expiry date
Third-party motor insurance is mandatory for vehicles used on public roads. A lapse means you are driving uninsured, and a long lapse can affect your No Claim Bonus and may require a vehicle inspection before cover restarts.
2. Check the Insured Declared Value (IDV)
IDV is the maximum payout if the vehicle is stolen or declared a total loss. A lower IDV reduces premium but also reduces what you receive. Make sure it reasonably reflects your vehicle's current value.
3. Confirm your No Claim Bonus (NCB)
NCB is a discount on the own-damage premium for each claim-free year, increasing over consecutive claim-free years up to a maximum. It belongs to you, so it can be transferred if you change insurer or vehicle. Make sure the correct NCB is applied.
4. Review add-ons
- Zero depreciation — reduces deductions on replaced parts
- Engine protection — relevant in waterlogging-prone areas
- Roadside assistance — useful for long-distance drivers
- Consumables and return-to-invoice — depending on the vehicle's age
Each add-on has conditions, such as limits on the number of claims or the vehicle's age. Choose based on how you use the vehicle.
5. Update personal details
- Nominee for owner-driver personal accident cover
- Address and contact details
- Any modifications or change of use, such as CNG kits
Undisclosed modifications or change in use can affect claims. Tell the insurer before renewal.
This guide is for general information only and is not advice on any specific policy. Policy terms vary by insurer and product — always read the policy wording.
