My tintop insurance is coming up for renewal, as it's got a broken engine and I'm planning to sell it as spares/repair. I'm thinking
not to renew the policy (it's been SORNed since Sept). However I have 10+ years of NCD built up.
What do I need to do to make sure that when I insure it's replacement I don't have to start again.
Do I need proof from the current insurer that I had the years, or will the renewal document still work in a few months time ?
You need to get written proof of the NCB from the current provider and I believe it remains 'valid' for 2-yrs. If you don't use it on another policy in that time then you lose it.
I cancelled my insurance after getting a company car and selling my own, I got a statement saying how many NCD bonus I'd built up. As mentioned it is only valid for 2 years, and I've not yet figured out a decent approach to 'refresh' it.
Iirc some insurance company's will only allow you 12 months without insurance to carry over ncb.
I've got a Sierra log book if somebody wants to insure that to preserve ncb
I almost lost my bike insurance as the company insisted I hadn't had insurance for over two years. I had to send them last year's documents
(that they had sent me!) to prove it hadn't lapsed (about 9 months without insurance).
Two years seems to be the cut off point.
Wyn
quote:
Originally posted by CosKev3
Iirc some insurance company's will only allow you 12 months without insurance to carry over ncb.
I've got a Sierra log book if somebody wants to insure that to preserve ncb![]()
When my wife was unable to drive through I'll health, we sorned her car and phoned to cancel her insurance; instead they offered her fire, theft and damage only for seven pounds a month - she continued to build up no claims while on this.
Yeah
Mmm, £117 a year to insure a number plate and some rusty parts... fully comp as well!!
I reduced my kit cars policy to 'storage only' which cost £40/year. It kept building NCB and appeared on the MID as insured!!