ned
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 posted on 7/3/08 at 12:12 PM |
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Accruing ncb after claim with protected ncb policy?
Got a 5yr protected ncb and had an accident last year. When do I start re-accruing ncb?
Is it from the next claim free year so I'll get 6 next year etc or do I start again from 0 and have to build it up ie 6 years before i can have
6 years ncb or do i go back one year for each claim?
Nothing immediate that i need to know for, just curious really how it works.
cheers,
Ned.
beware, I've got yellow skin
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gingerprince
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| posted on 7/3/08 at 12:31 PM |
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you don't lose your ncb, so you have 6 next year - you just have to tell them that you had an accident and that affects your premium
instead...for the next 5 years!
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BenB
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| posted on 7/3/08 at 12:40 PM |
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I thought "protection" was relative. IE you lose less of your NCB but you still loose some. Or at least that's what the small print
on my "protected" NCB premium says....
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DIY Si
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| posted on 7/3/08 at 12:47 PM |
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It will depend upon the wording of your policy. Some allow one claim a year with no affect, other will see you lose a year's NCB for each claim,
or so on.
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eznfrank
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| posted on 7/3/08 at 12:53 PM |
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in your case it's unlikely to make a difference anyways as 99% of insurers use 5 years as their maximum so even if you have 30 years claim free
they will still only count it as 5.
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tim windmill
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| posted on 7/3/08 at 01:24 PM |
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The insurance company that i work for 5 years ncd is max and if you have your ncd protected you will not loose your discount and will still be on
maximum at your next renewal
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r1_pete
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| posted on 7/3/08 at 02:42 PM |
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In my experience your NCD remains the same, but they do load your premium due to the claim, so you get the same percentage discount, but against a
higher premium.
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