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St0rmer66
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PostPosted: 02:01 - 19 Jan 2007    Post subject: Accelerated No Claims... Reply with quote

Just a quick question... If you were to get the accelerated NCB from an insurance company then the next year changed to a different company, would the NCB still count?
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THCi
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PostPosted: 02:29 - 19 Jan 2007    Post subject: Reply with quote

It should do, I know it does with eBike.
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Duckyboos
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PostPosted: 08:26 - 19 Jan 2007    Post subject: Reply with quote

I had this with my car insurance company - a 10-month accelerated no-claims bonus. My insurance was up for renewal after 10 months and I wanted to go to another (cheaper) insurer, but they said I couldn't claim a whole year's NCB. Apparently, it was only valid if I renewed my policy with them - and the 'bonus' was a negative one (my insurance premium still increased).

Sayin' that - if you've been insured for a whole twelve months, albeit perhaps with two different insurers, and without making any claims on the policy, doesn't that automatically count as one years' no-claims anyhow?
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Black Knight
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PostPosted: 11:42 - 19 Jan 2007    Post subject: Reply with quote

Duckyboos wrote:
I had this with my car insurance company - a 10-month accelerated no-claims bonus. My insurance was up for renewal after 10 months and I wanted to go to another (cheaper) insurer, but they said I couldn't claim a whole year's NCB. Apparently, it was only valid if I renewed my policy with them


Correct - most accelerated bonus schemes will only be recognised by the operating insurer.


Duckyboos wrote:
Sayin' that - if you've been insured for a whole twelve months, albeit perhaps with two different insurers, and without making any claims on the policy, doesn't that automatically count as one years' no-claims anyhow?


No, the policy needs to run for a full and continuous year. If you canceled afer 360 days you would lose any NCB earned that year.
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Duckyboos
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PostPosted: 18:57 - 19 Jan 2007    Post subject: Reply with quote

Vultures Very Happy
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Handsome
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PostPosted: 19:07 - 19 Jan 2007    Post subject: Reply with quote

THCi wrote:
It should do, I know it does with eBike.


Yep... Thumbs Up
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ncrn
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PostPosted: 23:27 - 19 Jan 2007    Post subject: Reply with quote

sorry to hijack but, I have had my moped policy run from October 05 - October 06, then my nsr's insurance has run from June 06 and will end June 07, at the end of this will I have 2 years no claims bonus, considering I won't have had my license for 2 years in that time?
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THCi
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PostPosted: 23:31 - 19 Jan 2007    Post subject: Reply with quote

Presuming you had a valid licence to ride both (ie cbt w/ moped and nsr) you'd have 2 years NCB
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gavin
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PostPosted: 23:33 - 19 Jan 2007    Post subject: Reply with quote

what the hell has happened to NCB, Question years ago it used to mean, being insured for x years and not having a claim in that time=x discount. now there seems to be every kind of caveat, you cant transfer this, that dosent count here etc. it used to be that a letter from the previous insurer stating you had been free of claims was enough, now it seems to require more than that Confused
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NSR-Rulez
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PostPosted: 00:23 - 20 Jan 2007    Post subject: Reply with quote

ncrn wrote:
sorry to hijack but, I have had my moped policy run from October 05 - October 06, then my nsr's insurance has run from June 06 and will end June 07, at the end of this will I have 2 years no claims bonus, considering I won't have had my license for 2 years in that time?


This is wrong, i was in the same position, you can not add no claims to a policy, i had 2 years ncb on one policy and 1 on my second policy, you can only have the higher amount, or the amount relevant to how many years you have been riding, so if you have been riding for a year you will only have 1 years ncb.

if you have had it 2 years you haev 2 years ncb etc.
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Duckyboos
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PostPosted: 14:10 - 20 Jan 2007    Post subject: Reply with quote

gavin wrote:
what the hell has happened to NCB, Question years ago it used to mean, being insured for x years and not having a claim in that time=x discount. now there seems to be every kind of caveat, you cant transfer this, that dosent count here etc. it used to be that a letter from the previous insurer stating you had been free of claims was enough, now it seems to require more than that Confused

That's what I figured too... 2 years' insurance cover + no claims made in that time = 2 years' no claims.

Seemingly not.
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The last post was made 19 years, 231 days ago. Instead of replying here, would creating a new thread be more useful?
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