Explain Protected No Claims Bonus for me please...

Scania · 18 Mar 2009 at 13:43

My Girlfriend has just had a bump in her Mondeo Mk2, OSF Wing, Lamp, Bonnet, Bumper, Grill & plate by the looks of things although it still drives.

Given its age (2000 W reg) and miles 175k+ and the damage, I'm pretty sure its a write off.

Its insured "to market value" and she has "Protected no claims Bonus for life"

The 3rd party she hit is doubtless going to make a claim on her policy, just wondered what she can expect back and how the protection works.

Cheers.

Howard · 18 Mar 2009 at 13:44

Protected NCB means your NCB is, er, protected, when you claim :confused:

What's the question?

Lord-Jaffa · 18 Mar 2009 at 13:45

Means when you make a claim your no claims bonus isnt affected, of course you still have to declare the accident so your premium will rise anyway! You probably won't get much back if anything for the car of that age/mileage

500-1000 at best if you are lucky?

Confused · 18 Mar 2009 at 13:46

You will not lose your accrued NCB.

HOWEVER, you will still need to inform new insurers of the accident, which will probably still increase the policy cost, until it is past the 3/5 years that insurers ask for details for.

AtreuS · 18 Mar 2009 at 13:47

She will get back the market value of the car and she will not be penalised when her renewal comes through next time. If she had 5 years discount she will keep them for example.

If she didnt have protected no claims she would have lest maybe 3 years worth of discount so her next quote would be much higher.

The third party will make whatever claim they can and she wont have to do much, if anything.

Her premium may rise if she caused or had liability in the accident although that depends on the insurer. I had a bump a few years back that was 100% my fault and my premium didnt go up.

Scania · 18 Mar 2009 at 13:47

Howard said:
Protected NCB means your NCB is, er, protected, when you claim

What's the question?

LOL, I guess I did not word that too well.

I'm a bit skeptical of the "Protected for life" part of it, I'm assuming that her 5 years (or whatever it is) NCD will still apply to the policy, but, come renewal, given that she's made a claim, the premium will still rise and probably by quite a margin?

Ta.

Scania · 18 Mar 2009 at 13:48

Confused said:
You will not lose your accrued NCB.

HOWEVER, you will still need to inform new insurers of the accident, which will probably still increase the policy cost, until it is past the 3/5 years that insurers ask for details for.

AtreuS said:
She will get back the market value of the car and she will not be penalised when her renewal comes through next time. If she had 5 years discount she will keep them for example.

If she didnt have protected no claims she would have lest maybe 3 years worth of discount so her next quote would be much higher.

The third party will make whatever claim they can and she wont have to do much, if anything.

Cheers guys, they pretty much answers it for me, ta.

deko · 18 Mar 2009 at 13:51

R420LA6X2/4MNA said:
LOL, I guess I did not word that too well.

I'm a bit skeptical of the "Protected for life" part of it, I'm assuming that her 5 years (or whatever it is) NCD will still apply to the policy, but, come renewal, given that she's made a claim, the premium will still rise and probably by quite a margin?

Ta.

a full fault claim only added about a hundred quid to my insurance, so it wont be that huge.

sswats · 18 Mar 2009 at 13:53

well if she claims she gets the value of the car minus the excess but doesn't lose her NCB for future use.

Scania · 18 Mar 2009 at 14:23

Alas the wounded Mondeo....

AtreuS · 18 Mar 2009 at 14:34

Looks like a pretty normal mondeo for north manchester where i am

Bit of black tape and the jobs done.

deko · 18 Mar 2009 at 14:39

should be able to buy it back from the insurers for peanuts, shouldnt cost much to fix? can probably get away with not fixing a lot of it if its just a run-about. there are probably thousands of these in scrappys which you could rob parts from for next to nothing.

Scania · 18 Mar 2009 at 14:44

deko said:
should be able to buy it back from the insurers for peanuts, shouldnt cost much to fix? can probably get away with not fixing a lot of it if its just a run-about. there are probably thousands of these in scrappys which you could rob parts from for next to nothing.

Probably the plan of action - its being picked up by the insurers tomorrow for a conformation of what we have already being told - that its beyond economic repair.