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Originally Posted by Dr Rich
Two other points to be aware of:
1. Cancelling mid term may result in failure to acquire a full years NCB. In other words say you have 1.5 years with an insurer, going to a new insurer may knock that back to 1. I remember jelster mentioned this ages ago.
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This is why i didnt tell my insurance company my bike was a write off, just that i was pursuing compensation privately. I knew that once i'd got compensation and bought a new bike i could change bikes on the policy and when it came to renewal time keep the NCB.