Insurance - No Claims Discount Question
Discussion
Hello Hive-Mind.
My insurance renewal is coming up and I have had two incidents recently where I've had claims with my works insurance policy.
Claim 1 was for damage to my work car, someone put the window in while I was staying at a hotel.
Claim 2 was (unfortunately!) a bigger accident on the motorway in the courtesy car while my work car was being repaired. Turns out you don't get a courtesy car for the courtesy car
Anyway, that accident was my fault and I was driving.
Now my understanding is that I must declare any claim that I make, but for Claim 1 technically the business is making that claim and I wasn't involved in an accident - is that a correct assumption? Claim 2 I must declare.
I don't have a protected NCD, but do have 9+ years on my personal vehicle. I understand I may lose some of that potentially, though that doesn't seem right (as surely the bonus is on my policy?).
Are my assumptions correct? TIA!
My insurance renewal is coming up and I have had two incidents recently where I've had claims with my works insurance policy.
Claim 1 was for damage to my work car, someone put the window in while I was staying at a hotel.
Claim 2 was (unfortunately!) a bigger accident on the motorway in the courtesy car while my work car was being repaired. Turns out you don't get a courtesy car for the courtesy car
Anyway, that accident was my fault and I was driving.Now my understanding is that I must declare any claim that I make, but for Claim 1 technically the business is making that claim and I wasn't involved in an accident - is that a correct assumption? Claim 2 I must declare.
I don't have a protected NCD, but do have 9+ years on my personal vehicle. I understand I may lose some of that potentially, though that doesn't seem right (as surely the bonus is on my policy?).
Are my assumptions correct? TIA!
My renewal is due soon and I've had two claims - a non fault almost 5 years ago which went directly through the third party insurance, and one that was fault through my insurance last year.
I declared both when I was phoning around - most places seem to care most about whether your insurance paid out, and if so whether all money was reclaimed. So I don't think the business one will cause you a problem - even if you declare it, your insurance didn't pay for it so I got the impression they won't care.
(They did care quite a lot about my fault claim though )
I declared both when I was phoning around - most places seem to care most about whether your insurance paid out, and if so whether all money was reclaimed. So I don't think the business one will cause you a problem - even if you declare it, your insurance didn't pay for it so I got the impression they won't care.
(They did care quite a lot about my fault claim though
)If I recall correctly - I had a bad accident in an Astravan when I was working as a self employed sameday courier which had it's own policy
I informed my own personal insurance at the time and for the subsequent 3/5 year period as per the standard questions. It did not affect my personal no claims bonus and I don't recall it seriously affecting my personal costs.
I informed my own personal insurance at the time and for the subsequent 3/5 year period as per the standard questions. It did not affect my personal no claims bonus and I don't recall it seriously affecting my personal costs.
BertBert said:
A slight bit of confusion here. For NCD that can only be affected by claims made on your own policy.
The accidents however have to be declared to your insurer at renewal so they can get the right risk rating. This is unrelated to NCD
I get that the accident needs to be declared, and the consensus is that it should not affect my NCD, but what about the break in to the vehicle (claim1)? This was not an accident, nor a claim on MY policy. Indeed, it was the business that made the claim not myself.The accidents however have to be declared to your insurer at renewal so they can get the right risk rating. This is unrelated to NCD
My ex reversed my car into someone a few years back. She was a named driver on my policy & now lives elsewhere. We didn't bother claiming for the damage on my car as it was so minor, but the other party claimed for his ridiculously expensive repairs.
Annoyingly, insurance premiums for both my current car & motorcycle have been more expensive than anticipated - it's a minefield!
Annoyingly, insurance premiums for both my current car & motorcycle have been more expensive than anticipated - it's a minefield!
Cyberprog said:
I get that the accident needs to be declared, and the consensus is that it should not affect my NCD, but what about the break in to the vehicle (claim1)? This was not an accident, nor a claim on MY policy. Indeed, it was the business that made the claim not myself.
You were the person in charge of the vehicle when there was an incident that resulted in a claim. You need to disclose it. Cyberprog said:
TwigtheWonderkid said:
You were the person in charge of the vehicle when there was an incident that resulted in a claim. You need to disclose it.
Nope, wasn't in charge of it at the time, parked on the street!ANY claim regardless if you pay for it, if your named on the claim form as using the vehicle at the time, just admit it. If they find out later they may cancel or void your exsisting personal policies, then either you wont be able to get any insurance or it will have three 0's on the end.
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