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31-05-06, 11:55 AM | #1 |
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No Claims Bonus.
Can someone explain what this means?
I thtouhg I knew it but after speaking with my insurance company I am baffled. Basically it goes like this: I have not claimed since Jan 2004 but have always had a bike and insurance. BUT.......I have never had a policy for longer than one year (or a bike for that matter). I guess tis means I still have zero NCB? Dan |
31-05-06, 12:05 PM | #2 |
The Sick Man
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As long as you have not claimed or that someone else has not claimed against you & that your policy has run its full term (eg. a term can be 12months or shorter for some policies) = 1 yr no claims.
If within your policy term you cancel after x months and not fufilling the full term then you effectivly loose your NCB for that year/term. If however you have 1 bike for 5 months then change to another but just pay the insurance co for a change to the policy for the rest of the year/term then it can depend on the terms of the insurance company.
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31-05-06, 12:14 PM | #3 |
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Thats the crux of it. You have to complete the full term of the policy to gain the NCB. Cancelling a policy and restarting on a new one means you have to start all over.
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31-05-06, 12:50 PM | #4 | |
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Quote:
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#24 - Honda VFR400R NC30
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31-05-06, 12:59 PM | #5 |
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NCB usually expires after 2-3 years without a car. However you may be lucky and be able to convince someone to allow you to use your bike NCB for your car - we did this once, although I'm not sure that you're supposed to be able to!!
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31-05-06, 12:59 PM | #6 |
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I think you "may" be out of luck. I've a feeling its somewhere between 3 and 5 years.
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31-05-06, 01:01 PM | #7 | |
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Re: No Claims Bonus.
Quote:
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31-05-06, 01:05 PM | #8 |
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Your NCB expires after 2 years.
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31-05-06, 01:23 PM | #9 |
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Thanks guys. In fact I just realised that I have one years NCB which I have for my GN250 which has been sat in my garden rotting for the last 6 months!
Yahoo! |
31-05-06, 02:21 PM | #10 | |
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Quote:
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