Two lots of NCB, after a claim do I lose both?
Discussion
Can't really find anything on this subject. I've unfortunately had to make a claim on my insurance, which will lose me my 9 years NCB which I accept theres no arguing that.
I have 2 cars and the other is on another policy with its own completely separate 2 years NCB, since 1 NCB discount cannot be used on 2 vehicles have I lost this too? Insurance companies seem to treat them as separate things but I cannot find any actual wording on this.
I suspect the answer is yes I can't use either NCB but there is nothing definitive, I'll probably have to phone and ask but wondered if anybody had some 1st hand experience?
I have 2 cars and the other is on another policy with its own completely separate 2 years NCB, since 1 NCB discount cannot be used on 2 vehicles have I lost this too? Insurance companies seem to treat them as separate things but I cannot find any actual wording on this.
I suspect the answer is yes I can't use either NCB but there is nothing definitive, I'll probably have to phone and ask but wondered if anybody had some 1st hand experience?
You will not lose your second set.
Policy 1 - 9Y NCB
This is the one you have a claim on. You will lose from here, but probably not the full 9 years. If you have NCB protection you might not lose at all. If you don't, then depending on the claim you may only lose a few years.
Policy 2 - 2Y NCB
You will not lose anything on this policy. It will still accrue and not be affected.
What you would have to do though, is notify the insurer of Policy 2 that you now have a fault claim. It may or may not affect the pricing, but the NCB will still remain the same.
Policy 1 - 9Y NCB
This is the one you have a claim on. You will lose from here, but probably not the full 9 years. If you have NCB protection you might not lose at all. If you don't, then depending on the claim you may only lose a few years.
Policy 2 - 2Y NCB
You will not lose anything on this policy. It will still accrue and not be affected.
What you would have to do though, is notify the insurer of Policy 2 that you now have a fault claim. It may or may not affect the pricing, but the NCB will still remain the same.
Because you've had a claim, you'll have to talk to actual people to get quotes.
Whether you've formally lost the NCB on the second policy is a bit of a moot point, because your premium will be calculated on the basis of having had an incident. What matters is the bottom line premium, and hopefully one claim in 9 years won't have too much impact on that.
Whether you've formally lost the NCB on the second policy is a bit of a moot point, because your premium will be calculated on the basis of having had an incident. What matters is the bottom line premium, and hopefully one claim in 9 years won't have too much impact on that.
OutInTheShed said:
Because you've had a claim, you'll have to talk to actual people to get quotes.
Whether you've formally lost the NCB on the second policy is a bit of a moot point, because your premium will be calculated on the basis of having had an incident. What matters is the bottom line premium, and hopefully one claim in 9 years won't have too much impact on that.
^^^ Wot 'e said.Whether you've formally lost the NCB on the second policy is a bit of a moot point, because your premium will be calculated on the basis of having had an incident. What matters is the bottom line premium, and hopefully one claim in 9 years won't have too much impact on that.
You will lose what your Ts & Cs say on the claimed on policy.
On your other, you will have to speak to them, explain the circumstances & see what their policy is, you may not actually lose it, but it may well be overridden by the fact that the claim will affect your risk profile & therefore further insurance.
You will need to declare the claim when renewing the other policy anyway to be truthful or they could invalidate & cancel as all insurance companies do share data.
E-bmw said:
OutInTheShed said:
Because you've had a claim, you'll have to talk to actual people to get quotes.
Whether you've formally lost the NCB on the second policy is a bit of a moot point, because your premium will be calculated on the basis of having had an incident. What matters is the bottom line premium, and hopefully one claim in 9 years won't have too much impact on that.
^^^ Wot 'e said.Whether you've formally lost the NCB on the second policy is a bit of a moot point, because your premium will be calculated on the basis of having had an incident. What matters is the bottom line premium, and hopefully one claim in 9 years won't have too much impact on that.
You will lose what your Ts & Cs say on the claimed on policy.
On your other, you will have to speak to them, explain the circumstances & see what their policy is, you may not actually lose it, but it may well be overridden by the fact that the claim will affect your risk profile & therefore further insurance.
You will need to declare the claim when renewing the other policy anyway to be truthful or they could invalidate & cancel as all insurance companies do share data.
E-bmw said:
On your other, you will have to speak to them, explain the circumstances & see what their policy is, you may not actually lose it, but it may well be overridden by the fact that the claim will affect your risk profile & therefore further insurance.
There's no "may not" about it. He WILL NOT lose his bonus on the other policy, and will keep his 2 years (usually 40%) discount. If they impose a premium loading because he's declared an accident that he had on another policy (which they are free to do), then he will still get his 40% 2yrs bonus off that. MustangGT said:
Agreed. Have you considered protected NCB? It is a small increase in premium but would protect you from this.
It would protect him from losing some of his NCB on the policy he made a claim on. But that's all. They could still impose a loading because he's had a claim, although with protected bonus, he'd get the full bonus off that loaded premium. TwigtheWonderkid said:
MustangGT said:
Agreed. Have you considered protected NCB? It is a small increase in premium but would protect you from this.
It would protect him from losing some of his NCB on the policy he made a claim on. But that's all. They could still impose a loading because he's had a claim, although with protected bonus, he'd get the full bonus off that loaded premium. Didge3 said:
Thanks for all the input. Spoke with insurer A (9 years NCB) and I will lose 4 years from that. So I still retain 5 years as it stands.
Do not fear I will be declaring the claim at the time of renewal for insurer B (2 years NCB)
The NCB isn't actually worth all that much anyway. WIth a protected NCB (but a claim in the last few years) your insurance costs would still be higher.Do not fear I will be declaring the claim at the time of renewal for insurer B (2 years NCB)
Your history and situation are more important than NCB for assessing risk.
Jayho said:
You will not lose your second set.
Policy 1 - 9Y NCB
This is the one you have a claim on. You will lose from here, but probably not the full 9 years. If you have NCB protection you might not lose at all. If you don't, then depending on the claim you may only lose a few years.
Policy 2 - 2Y NCB
You will not lose anything on this policy. It will still accrue and not be affected.
What you would have to do though, is notify the insurer of Policy 2 that you now have a fault claim. It may or may not affect the pricing, but the NCB will still remain the same.
Years ago I had an admiral multicar policy. The start they mirrored my ncb. So 6 years became 2x 6 years. Had a claim on one. So it went to 4 years and the other wasn't affects. When renewal came I just insured 1 car with them the 6 year policy one and then re mirrored for the other car. So back to 6 years on both. Doubt it works thst way now seemed like a loopholePolicy 1 - 9Y NCB
This is the one you have a claim on. You will lose from here, but probably not the full 9 years. If you have NCB protection you might not lose at all. If you don't, then depending on the claim you may only lose a few years.
Policy 2 - 2Y NCB
You will not lose anything on this policy. It will still accrue and not be affected.
What you would have to do though, is notify the insurer of Policy 2 that you now have a fault claim. It may or may not affect the pricing, but the NCB will still remain the same.
asfault said:
Years ago I had an admiral multicar policy. The start they mirrored my ncb. So 6 years became 2x 6 years. Had a claim on one. So it went to 4 years and the other wasn't affects. When renewal came I just insured 1 car with them the 6 year policy one and then re mirrored for the other car. So back to 6 years on both. Doubt it works thst way now seemed like a loophole
Sounds like a mistake in your favour! 
OutInTheShed said:
… and hopefully one claim in 9 years won't have too much impact on that.
If it makes you feel better OP I wrote off a brand new Mercedes E class in 2016 and I had full NCB at the time (showed as 9 years but was at least double that). I still managed to get my insurance cheaper the next year.
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