NCB

Erich Kriegler · 27 Nov 2015 at 09:18

So I was in a non-fault accident and the other party has accepted liability.

I have been told that technically I can't say I have x years of NCB until that claim is completely finished (which I'm told could take up to 6 months). The insurance company I was with has also cancelled my policy due to a new job.

So when I look for new insurance elsewhere and I get a quote I will say I have 0 years NCB. Would it then be possible when the claim is finished. and I have my NCB, to be refunded the difference?

Anyone had this problem before?

StevieP · 27 Nov 2015 at 09:29

It is common practice that your no-claims bonus is withheld until a claim is settled in your favour - however, I'm not sure what you mean when you say the insurer has cancelled your policy "due to a new job"!?!?

If the third party has already accepted liability however, I don't see why it could take upto 6 months to close the file in your favour! (but yes, you would be entitled to a refund once the claim is settled and the NCB reinstated on your new policy!)

Erich Kriegler · 27 Nov 2015 at 09:33

StevieP said:
It is common practice that your no-claims bonus is withheld until a claim is settled in your favour - however, I'm not sure what you mean when you say the insurer has cancelled your policy "due to a new job"!?!?

They don't like the industry I work in (gambling). I'm not a professional gambler or anything I just work in an office for a bookmaker, but despite explaining that they still said no.

Diagro · 27 Nov 2015 at 09:36

kcon1 said:
They don't like the industry I work in (gambling). I'm not a professional gambler or anything I just work in an office for a bookmaker, but despite explaining that they still said no.

i would take it to the powers that be and complain

StevieP · 27 Nov 2015 at 10:08

kcon1 said:
They don't like the industry I work in (gambling). I'm not a professional gambler or anything I just work in an office for a bookmaker, but despite explaining that they still said no.

That makes more sense - some insurers don't like certain occupations, despite it being much different risk-wise to any other office job!

One thing to be careful of is that technically you have now had an insurance policy cancelled and this should really be disclosed to any potential new insurer! (can of worms open big-style!)

VincentHanna · 27 Nov 2015 at 10:19

Yeah, now it's been cancelled you will have to disclose it going foward.

You should have just put Office manager or administrator in retail or something. It's not like they were going to check.

Lying about previous convictions, offences, cancelled insurance etc can invalidate your insurance policy and leave you without cover in the event of an accident but I've never heard of an Insurance company visiting anyone at work....

Erich Kriegler · 27 Nov 2015 at 10:21

Yeah I got another quote yesterday and said my last was cancelled due to my job but they weren't bothered.

Nasher · 27 Nov 2015 at 12:55

kcon1 said:
They don't like the industry I work in (gambling). I'm not a professional gambler or anything I just work in an office for a bookmaker, but despite explaining that they still said no.

Are you mad? Don't ACTUALLY tell them you work in Gambling!

StevieP · 27 Nov 2015 at 12:56

kcon1 said:
Yeah I got another quote yesterday and said my last was cancelled due to my job but they weren't bothered.

Common sense says it shouldn't be an issue but insurance companies don't often operate with common sense!

You should be careful if doing any quotes online - simply because it probably won't ask the question specifically but it will be in a list of "assumptions" that is automatically ticked as "Yes"!

bJN · 27 Nov 2015 at 19:00

Stating that you have had a previous policy cancelled as a result of a change in job and industry won't negatively impact the insurance. It might rule out a few results on comparison sites but most insurers will be fine about it - if it was cancelled for something else, such as failure to disclose information, then it would cause you a lot more grief!

Iamzod · 29 Nov 2015 at 12:29

You don't need to tell them your policy got cancelled, you just no longer fit within their underwriting criteria, the policy wasn't rendered void.

I am with Direct Line and if I went out and bought a Veyron (I wish) they would do the same & not cover me.

It's pretty common, I once tried to put a named driver on an insurance policy so he could have a go in my car & they wouldn't cover him because he was a labourer, he just didn't fit within their underwriting criteria.

snapdragon69 · 29 Nov 2015 at 13:17

How many years NCB did you have before the accident?
It doesn't go down to 0 after a claim, there is some other formula.
In any case, you usually need to provide proof, so can you ask your previous insurer for a letter? Don't go on about them cancelling it or the claim etc... just call them and ask for the letter as a matter of fact.

Liquidfox · 29 Nov 2015 at 17:27

snapdragon69 said:
How many years NCB did you have before the accident?
It doesn't go down to 0 after a claim, there is some other formula.
In any case, you usually need to provide proof, so can you ask your previous insurer for a letter? Don't go on about them cancelling it or the claim etc... just call them and ask for the letter as a matter of fact.

Unless you only had two to begin with... This is why it's usually easier to deal with the TP insurer direct, no excess and no loss of NCB whilst it's being sorted.