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Way to gain No claim bonus's rapidly?

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3illy
Renault 5 Driver



Joined: 10 Jan 2013
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PostPosted: 21:53 - 10 Jan 2013    Post subject: Way to gain No claim bonus's rapidly? Reply with quote
What if I opened like two - three insurance policy on bikes i do not own.
The reg will be cg 125cc's none runners which belong to a family friend.
The TPO policy will have my real address on it but i will declare to insurance company that i park the bike in a garage in a different location (this area will have a grade A insurance rating).
Each policy hopefully will cost less than £100.

Once this is all done, the extra three no claims bonuses I will earn will decrease my quote by £800 - £1000.
So will this work? Have I missed anything?
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arry
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PostPosted: 21:54 - 10 Jan 2013    Post subject: Reply with quote
You've missed the fact you can't accumulate them in that way - what you'll end up with is 3 x 1 years NCD, not 1 x 3 years.
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The Artist
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PostPosted: 21:55 - 10 Jan 2013    Post subject: Reply with quote
Laughing
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3illy
Renault 5 Driver



Joined: 10 Jan 2013
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PostPosted: 21:57 - 10 Jan 2013    Post subject: Reply with quote
arry wrote:
You've missed the fact you can't accumulate them in that way - what you'll end up with is 3 x 1 years NCD, not 1 x 3 years.


Embarassed how embarrassing.
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yaigi
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Joined: 28 Jul 2012
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PostPosted: 21:57 - 10 Jan 2013    Post subject: Reply with quote
arry wrote:
You've missed the fact you can't accumulate them in that way - what you'll end up with is 3 x 1 years NCD, not 1 x 3 years.


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Fisty
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PostPosted: 21:57 - 10 Jan 2013    Post subject: Reply with quote
Please tell me youre not really that stupid?
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Magnet
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PostPosted: 21:59 - 10 Jan 2013    Post subject: Reply with quote
Rolling Eyes

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Nick_Giles
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PostPosted: 22:10 - 10 Jan 2013    Post subject: Reply with quote
.
Cut to the chase.!

How old are you and what dream inter galactic rocket ship do you envisage yourself insuring and riding after your NCB has been gained.?

Advice :- Be practical or you will get reamed mercilessly without lube. BCF does not suffer fools gladly, and if you are a young lad it will not save you. Rolling Eyes


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goto10
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PostPosted: 22:15 - 10 Jan 2013    Post subject: Reply with quote
My mind feels all illuminated.
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andys675
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PostPosted: 22:15 - 10 Jan 2013    Post subject: Reply with quote
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Nick_Giles
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PostPosted: 22:20 - 10 Jan 2013    Post subject: Reply with quote
goto10 wrote:
My mind feels all illuminated.


Ditto Laughing

The same thought had also occured to me. Rolling Eyes

I have missed him. Twisted Evil


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Magnet
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PostPosted: 22:30 - 10 Jan 2013    Post subject: Reply with quote
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TheBikerStig
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PostPosted: 22:44 - 10 Jan 2013    Post subject: Reply with quote
Nasa is looking to recruit 4 men to be the 1st on mars. Now that one candidate has been found..............
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TheSmiler
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PostPosted: 23:00 - 10 Jan 2013    Post subject: Reply with quote
arry wrote:
You've missed the fact you can't accumulate them in that way - what you'll end up with is 3 x 1 years NCD, not 1 x 3 years.


Serious question then regarding this most probably stupid, what is stopping someone getting the 3 month setup (do that for 12 months) so 4 years NCB if cheapish.

Then getting a bike insuring it (so you have one set of NCB) to use in the meanwhile or using your car whatever.

Theoretically you will then have 1 x 4 year NCB and 1 x 1 year NCB if I'm not being stupid. Obviously this all depends if you would make a saving and means waiting a year before you get that bike you are doing this for.
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Shaft
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PostPosted: 23:22 - 10 Jan 2013    Post subject: Reply with quote
TheSmiler wrote:
arry wrote:
You've missed the fact you can't accumulate them in that way - what you'll end up with is 3 x 1 years NCD, not 1 x 3 years.


Serious question then regarding this most probably stupid, what is stopping someone getting the 3 month setup (do that for 12 months) so 4 years NCB if cheapish.

Then getting a bike insuring it (so you have one set of NCB) to use in the meanwhile or using your car whatever.

Theoretically you will then have 1 x 4 year NCB and 1 x 1 year NCB if I'm not being stupid. Obviously this all depends if you would make a saving and means waiting a year before you get that bike you are doing this for.


Seriously?

Ultimately, you can only claim one set of NCD.

If you insure four different vehicles with four different companies, when you come to claim your NCD, you will only be able to claim one year with one company, so that's three wasted premiums.
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moppy
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PostPosted: 23:24 - 10 Jan 2013    Post subject: Reply with quote
Also is it not illegal to insure the same thing twice?
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TheSmiler
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PostPosted: 23:37 - 10 Jan 2013    Post subject: Reply with quote
Shaft wrote:
Seriously?

Ultimately, you can only claim one set of NCD.

If you insure four different vehicles with four different companies, when you come to claim your NCD, you will only be able to claim one year with one company, so that's three wasted premiums.


Did say "Serious question then regarding this most probably stupid" however I was on about the 3month NCB being with the same company like E-Bike (was offered the fast track NCB through them in 2011 pay 3 months and get 1 years NCB). Then doing another after that had finished.

Meh knew it was a shot in the dark anyway.
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Shaft
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PostPosted: 23:41 - 10 Jan 2013    Post subject: Reply with quote
Ah sorry, didn't know about that deal.

I bet it says in their T&Cs that the NCD only applies if you stay with them (so you can't transfer it to another company after three months) and you can only claim it once.
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thepuma
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PostPosted: 06:50 - 11 Jan 2013    Post subject: Reply with quote
ITM.

Next..
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thepuma
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PostPosted: 06:51 - 11 Jan 2013    Post subject: Reply with quote
ITM.

Next..
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andym
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PostPosted: 07:06 - 11 Jan 2013    Post subject: Reply with quote
TheSmiler wrote:
Did say "Serious question then regarding this most probably stupid" however I was on about the 3month NCB being with the same company like E-Bike (was offered the fast track NCB through them in 2011 pay 3 months and get 1 years NCB). Then doing another after that had finished.

Meh knew it was a shot in the dark anyway.


I've had an insurance company offer a 6 month deal like that for a car once... not sure they would let you cancel the policy just to start a new one though.

I've built up 2x1 year no claims bonus in the past because I couldn't be bothered cancelling the insurance on my scooter when it only had 6 weeks to run, that and the premium was paid in full. It was the same with the intruder, I sold that before the year was up, but didn't cancel the policy as it was near the end.
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Walloper
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Joined: 24 Feb 2005
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PostPosted: 07:16 - 11 Jan 2013    Post subject: Re: Way to gain No claim bonus's rapidly? Reply with quote
3illy wrote:
What if I opened like two - three insurance policy on bikes i do not own.
The reg will be cg 125cc's none runners which belong to a family friend.
The TPO policy will have my real address on it but i will declare to insurance company that i park the bike in a garage in a different location (this area will have a grade A insurance rating).
Each policy hopefully will cost less than £100.

Once this is all done, the extra three no claims bonuses I will earn will decrease my quote by £800 - £1000.
So will this work? Have I missed anything?


Yep that sounds good.
All you need do is get a police background report and two receipts from Halfords, scan and attach these to your three proposal forms and Bobs the cross-dressing brother of your mum.

p.s. Do not let on that you live in a mental asylum though. Wink

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thepuma
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PostPosted: 07:25 - 11 Jan 2013    Post subject: Reply with quote
ITM.

Next..
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arry
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PostPosted: 07:25 - 11 Jan 2013    Post subject: Reply with quote
Magnet wrote:
Rolling Eyes

https://24.media.tumblr.com/tumblr_maz3tt1rBT1rpga6zo1_500.jpg


No, no, he was GENUINELY asking the question; don't underestimate the level of retard
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P.
Red Rocket



Joined: 14 Feb 2008
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PostPosted: 08:34 - 11 Jan 2013    Post subject: Reply with quote
moppy wrote:
Also is it not illegal to insure the same thing twice?


No.

Yourself, maybe... but for others to insure it whilst you insure it. No law against it whatsoever.

Just when it comes to claiming, the person who was in possession claims on their policy, you cannot do the same.
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