ebike PAYG policy - worth it?

[TSM]

Originally Posted by Stu

OK, starting to make sense, but not what Cartwrim first wrote.
Out of interest how does it work in practice? month after month do you have to give them any details? Does the premium change from month to month, if not, do you have any assurance that it will stay the same for a period of time? Have you seen the premium go down after 8 months when you earn your extra NCB (by how much).
Cheers
Stuart

The premium is gauranteed for term of the full policy 8months. Each month they will just continue to renew the policy for another month and send you the paperwork acordingly. Yes if i stayed with them my monthly charge would have gone from £72 to £56per month after the 8 months.

Isn't there a problem with other companies not recognising NCD built up under ebike policies due to only 8 months no claims history rather than 12?

[TSM]

Originally Posted by Jabba

Isn't there a problem with other companies not recognising NCD built up under ebike policies due to only 8 months no claims history rather than 12?

Nop as the NCB is not given by Ebike but the underwriters Southern Rock.

I've seen other companies give accelerated NCBs in the past. Never heard of any problems with those, either.

Okay....... furry muff. I had something in the back of my mind but obviously I'm mistaken