Protected NCD?

Slime101 · 22 Nov 2006 at 11:45

Why do they stop counting at 5 yrs, or at least most do, some claim to go higher.

Isnt it a bit unfair penalising those who have more than 5 yrs, by saying that actually th 7,8,9+ yrs you have are actually only 5 if there is an accident?

noob · 22 Nov 2006 at 11:46

merlin said:
One claim will step you back from 5 years 65% to 3 years 50%.

What about 3yrs will that step me back to 1yr?

merlin · 22 Nov 2006 at 11:49

noob said:
What about 3yrs will that step me back to 1yr?

Yep

merlin · 22 Nov 2006 at 11:52

Slime101 said:
Isnt it a bit unfair penalising those who have more than 5 yrs, by saying that actually th 7,8,9+ yrs you have are actually only 5 if there is an accident?

Yes it's very unfair.

Sometimes I just sit in the corner for hours and sob about it.

The_Dark_Side · 22 Nov 2006 at 16:43

merlin said:
Yes it's very unfair.

Sometimes I just sit in the corner for hours and sob about it.

you're a hard, hard man.

shame on you.

aztechnology · 22 Nov 2006 at 22:55

merlin said:
Yes it's very unfair.

Sometimes I just sit in the corner for hours and sob about it.

I know you work in the industry (or at least did last time I knew), but I'm not sure you can't quote these figures as acurate, apart from for one case. I write insurance software for brokers, and the last time I looked at the step back rules, they were not one rule for all insurers / schemes. We quote over 400 different schemes, and I don't intend to list the rules here... I do enough of that at work.

merlin · 22 Nov 2006 at 23:06

aztechnology said:
but I'm not sure you can't quote these figures as acurate,

^ Eh?

Anyway - yes it will differ from insurer to insurer. % I quoted should be a good average.

aztechnology · 22 Nov 2006 at 23:17

merlin said:
^ Eh?

Sorry, should have quoted a few posts up...