NCD Question

leaskovski · 25 Apr 2006 at 12:20

Hi All,

Yet another insurance renewal question from me! :rolleyes:

I have found an insurance policy cheeper than the one being offered to me by my current provider, however i am not sure if the info i entered into the new quote is correct.

On my renewal form, it says includes the line 'Premium with 3 years (max 50%) no claims discount'. So does this mean when i am getting quotes i can enter 3 years NCD?? Yet i have only had my own insurance for 2 years, at the end of the current policy (08/05/06).

So confused!

Thanks

Confused · 25 Apr 2006 at 12:24

If you've done Pass Plus, it's possible that they've counted that as an extra year's NCB.

In that case, if it says "3 years" then that's what I'd put in on the quotes.

leaskovski · 25 Apr 2006 at 12:29

Nope, not done any pass plus stuff. Maybe its because i said that i have had my full license for 9 years? Anyway, if the renewal form from them says 3 years, could i use that as proof of NCD?

ajgoodfellow · 25 Apr 2006 at 12:38

It might be an introductory NCB if you've had your license for 9 years which makes up the extra year

Not sure if you can transfer it though. I don't know if you've moved insurers before but the new insurer will request proof of your NCB. If your current insure will give proof of 3 years NCB then no problem. Perhaps phone them and see?

leaskovski · 25 Apr 2006 at 12:46

I phoned up my current insurance company and they said that they can only issue a proof of no claims until after the current insurance expires. Is that right? :confused:

What would happen if i took out the new insurance and then the cetificate came through saying only 2 years. Would the new company just send a bill through or would they completely invalidate the insurance?

ajgoodfellow · 25 Apr 2006 at 12:51

That is right - they can only issue it after the insurance expires. They don't want to issue it and then for you to make a claim days before the end of the policy!

I meant to phone them up and ask them how many years the proof of no claims will be for, assuming that you don't make a claim before the end of the policy. This way you'll know for certain how many you can tell the new insurers

I'm not sure what the new insurance company will do if you say that you have 3 years NCB but can only prove 2. They can invalidate the policy but there might be an option to pay a bit extra

leaskovski · 25 Apr 2006 at 12:54

Beut!

I will give them a call again and confirm what it will say on the document.

I shall spot you a pint if i see you in Darwin bar! lol

ajgoodfellow · 25 Apr 2006 at 12:57

Are you at UKC? :cool:

leaskovski · 25 Apr 2006 at 13:01

Used to be. Graduated 4 years ago (i think). Still live and work down here. My house mate runs that bar, though he is moving out on sunday.