Discussion
Not for me but for a not very internet savvy elderly relative. He has quite a number of years NCB until he was hit by a lady speeding over a red light in early 2014 who admitted liability
His insurance is up for renewal next week and due to the treatment at the hands of his last insurer he is adamant he will be switching. That and the fact his quote is nearly double the previous years (who said a no fault accident didn't push up premiums). Basically he wants to know if his no claims is still intact from before his no fault accident.
He could obviously phone his current insurer but for some reason doesn't want them knowing he won;t be renewing with them.
So does a no fault accident affect your NCB?
His insurance is up for renewal next week and due to the treatment at the hands of his last insurer he is adamant he will be switching. That and the fact his quote is nearly double the previous years (who said a no fault accident didn't push up premiums). Basically he wants to know if his no claims is still intact from before his no fault accident.
He could obviously phone his current insurer but for some reason doesn't want them knowing he won;t be renewing with them.
So does a no fault accident affect your NCB?
velocefica said:
Not for me but for a not very internet savvy elderly relative. He has quite a number of years NCB until he was hit by a lady speeding over a red light in early 2014 who admitted liability
His insurance is up for renewal next week and due to the treatment at the hands of his last insurer he is adamant he will be switching. That and the fact his quote is nearly double the previous years (who said a no fault accident didn't push up premiums). Basically he wants to know if his no claims is still intact from before his no fault accident.
He could obviously phone his current insurer but for some reason doesn't want them knowing he won;t be renewing with them.
So does a no fault accident affect your NCB?
Assuming the claim is settled, no it doesn't. But that shouldn't be at issue - the NCB applied will be written down quite clearly on the proposal that his current insurer has provided. His insurance is up for renewal next week and due to the treatment at the hands of his last insurer he is adamant he will be switching. That and the fact his quote is nearly double the previous years (who said a no fault accident didn't push up premiums). Basically he wants to know if his no claims is still intact from before his no fault accident.
He could obviously phone his current insurer but for some reason doesn't want them knowing he won;t be renewing with them.
So does a no fault accident affect your NCB?
davepoth said:
Assuming the claim is settled, no it doesn't. But that shouldn't be at issue - the NCB applied will be written down quite clearly on the proposal that his current insurer has provided.
Why do you say that? A no claims bonus is a bonus for making no claims. Regardless of fault or non-fault if you make a claim (from your own insurer) your NCB is at risk depending on your policy and whether it's protected or not. The norm is that a non-protected NCB will be reduced for a claim. A protected bonus is, er protected (normally up to a certain number of claims in a certain period.BertBert said:
davepoth said:
Assuming the claim is settled, no it doesn't. But that shouldn't be at issue - the NCB applied will be written down quite clearly on the proposal that his current insurer has provided.
Why do you say that? A no claims bonus is a bonus for making no claims. Regardless of fault or non-fault if you make a claim (from your own insurer) your NCB is at risk depending on your policy and whether it's protected or not. The norm is that a non-protected NCB will be reduced for a claim. A protected bonus is, er protected (normally up to a certain number of claims in a certain period.The premium did go up but we replaced the old car with a substantially more powerful and more expensive car so it would anyway. We did stay with the same Insurer as their claims service was excellent.
BertBert said:
Why do you say that? A no claims bonus is a bonus for making no claims. Regardless of fault or non-fault if you make a claim (from your own insurer) your NCB is at risk depending on your policy and whether it's protected or not. The norm is that a non-protected NCB will be reduced for a claim. A protected bonus is, er protected (normally up to a certain number of claims in a certain period.
Nope that's wrong, or excessively pedantic. NCD is specifically linked to fault or non fault claims, it has little to do with "making no claims" in reality. If you have a non-fault claim then your NCD may be reduced in the short term whilst your insurer awaits full recovery of their outlay from the other insurer, or they may simply choose to waive it and keep your bonus fully intact if the other side admits liability straight away.
Protected NCD is there to ensure you retain your level of NCD in the event of a number of fault accidents over a period of time.
I was hit in a non-fault accident (rear-ended at traffic lights) and I didn't lose my NCB.
My NCB was not protected, and no years were taken off. The accident wasn't my fault and the other party admitted liability. Therefore my NCB was intact, the claim excess was covered by the 3rd Party. I do still have to declare a non-fault accident on my policy though.
My NCB was not protected, and no years were taken off. The accident wasn't my fault and the other party admitted liability. Therefore my NCB was intact, the claim excess was covered by the 3rd Party. I do still have to declare a non-fault accident on my policy though.
LoonR1 said:
Nope that's wrong, or excessively pedantic.
NCD is specifically linked to fault or non fault claims, it has little to do with "making no claims" in reality. If you have a non-fault claim then your NCD may be reduced in the short term whilst your insurer awaits full recovery of their outlay from the other insurer, or they may simply choose to waive it and keep your bonus fully intact if the other side admits liability straight away.
Protected NCD is there to ensure you retain your level of NCD in the event of a number of fault accidents over a period of time.
Let's just go for wrong shall we?NCD is specifically linked to fault or non fault claims, it has little to do with "making no claims" in reality. If you have a non-fault claim then your NCD may be reduced in the short term whilst your insurer awaits full recovery of their outlay from the other insurer, or they may simply choose to waive it and keep your bonus fully intact if the other side admits liability straight away.
Protected NCD is there to ensure you retain your level of NCD in the event of a number of fault accidents over a period of time.
Specifically, in Admiral's case...
2. Claims that don’t affect your Bonus
- claims which aren’t your fault where we have recovered all of our money
BertBert said:
LoonR1 said:
Nope that's wrong, or excessively pedantic.
NCD is specifically linked to fault or non fault claims, it has little to do with "making no claims" in reality. If you have a non-fault claim then your NCD may be reduced in the short term whilst your insurer awaits full recovery of their outlay from the other insurer, or they may simply choose to waive it and keep your bonus fully intact if the other side admits liability straight away.
Protected NCD is there to ensure you retain your level of NCD in the event of a number of fault accidents over a period of time.
Let's just go for wrong shall we?NCD is specifically linked to fault or non fault claims, it has little to do with "making no claims" in reality. If you have a non-fault claim then your NCD may be reduced in the short term whilst your insurer awaits full recovery of their outlay from the other insurer, or they may simply choose to waive it and keep your bonus fully intact if the other side admits liability straight away.
Protected NCD is there to ensure you retain your level of NCD in the event of a number of fault accidents over a period of time.
Specifically, in Admiral's case...
2. Claims that don’t affect your Bonus
- claims which aren’t your fault where we have recovered all of our money
CallorFold said:
I was hit in a non-fault accident (rear-ended at traffic lights) and I didn't lose my NCB.
My NCB was not protected, and no years were taken off. The accident wasn't my fault and the other party admitted liability. Therefore my NCB was intact, the claim excess was covered by the 3rd Party. I do still have to declare a non-fault accident on my policy though.
This is exactly what happened to this gentleman so hoping it's the same outcomeMy NCB was not protected, and no years were taken off. The accident wasn't my fault and the other party admitted liability. Therefore my NCB was intact, the claim excess was covered by the 3rd Party. I do still have to declare a non-fault accident on my policy though.
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