Insurance - NCB for cancelled policy

Insurance - NCB for cancelled policy

Author
Discussion

w00tman

Original Poster:

603 posts

144 months

Thursday 13th July 2017
quotequote all
Morning

Potentially changing the car and the current insurer (been with them c.5 months) want an extra £700 for the remaining term - versus £350 for a whole new year elsewhere.

However - what I'm not sure of is, if I cancel the existing insurance, will I get another "proof of no claims bonus" certificate to provide to my new insurer? I haven't made any claims, but I'm not sure I still have a copy of the one from my previous insurer as the current insurer never requested me to send this in.

Clearly, if the current insurer were to provide another NCB certificate, it would be for the same value as declared at inception as I havent accrued another year (so 7 years, as originally taken out with them) but otherwise how do I prove my NCB and lack of claims in the intervening months?

Thanks!

Edited by w00tman on Thursday 13th July 08:37

bilhound

79 posts

85 months

Thursday 13th July 2017
quotequote all
Your NCB expires after 2 years of not having a policy (if this is the same as motorcycle policies) - so you can use whichever method of proving your NCB you used to take out your current policy, if you actually did this. If your current insurer is the one that you have used for the last 7 years then they will supply you with the proof of NCB, rounded down to the nearest full year.

w00tman

Original Poster:

603 posts

144 months

Thursday 13th July 2017
quotequote all
Finally managed to get through to the insurance and they will give me a letter saying, essentially, "on risk for 5 months, 7 years NCB, no claims during this period" - should be enough for any future insurer.

Just annoyed as quite like them but the price hike is too much.

TwigtheWonderkid

43,248 posts

149 months

Thursday 13th July 2017
quotequote all
bilhound said:
Your NCB expires after 2 years of not having a policy (if this is the same as motorcycle policies) - so you can use whichever method of proving your NCB you used to take out your current policy, if you actually did this.
That wouldn't show the fact that you'd had 3 claims since, with the current insurer. You must provide ncb from your current insurer, dated from the date it expired/was cancelled etc.

bilhound

79 posts

85 months

Thursday 13th July 2017
quotequote all
TwigtheWonderkid said:
That wouldn't show the fact that you'd had 3 claims since, with the current insurer. You must provide ncb from your current insurer, dated from the date it expired/was cancelled etc.
True - but the fact that you've answered the mandatory question 'Yes, I have had 3 claims in the last 5 years' will.

In my experience, in terms of NCB, they only want the proof of the NCB, there are other methods of establishing whether you've had claims etc. I don't work in insurance, but I guess there's some differences in how they operate and what they will accept as proof.

Short Grain

2,743 posts

219 months

Thursday 13th July 2017
quotequote all
bilhound said:
True - but the fact that you've answered the mandatory question 'Yes, I have had 3 claims in the last 5 years' will.

In my experience, in terms of NCB, they only want the proof of the NCB, there are other methods of establishing whether you've had claims etc. I don't work in insurance, but I guess there's some differences in how they operate and what they will accept as proof.
What 3 Claims or am I missing something?

TwigtheWonderkid

43,248 posts

149 months

Thursday 13th July 2017
quotequote all
Short Grain said:
bilhound said:
True - but the fact that you've answered the mandatory question 'Yes, I have had 3 claims in the last 5 years' will.

In my experience, in terms of NCB, they only want the proof of the NCB, there are other methods of establishing whether you've had claims etc. I don't work in insurance, but I guess there's some differences in how they operate and what they will accept as proof.
What 3 Claims or am I missing something?
It was an extreme example to illustrate a point. If you provide bonus from a policy that wasn't your last policy, it won't show any claims you might have had on your last policy.

w00tman

Original Poster:

603 posts

144 months

Thursday 13th July 2017
quotequote all
Well it doesn't matter anyway, as having just put down a deposit on the car, I then proceeded to reverse into a brand-new Audi A4..

..sigh, FML.

xjay1337

15,966 posts

117 months

Friday 14th July 2017
quotequote all
w00tman said:
Well it doesn't matter anyway, as having just put down a deposit on the car, I then proceeded to reverse into a brand-new Audi A4..

..sigh, FML.
That sucks frown

w00tman

Original Poster:

603 posts

144 months

Friday 14th July 2017
quotequote all
I know. What a di..

I don't suppose I can cancel an insurance policy with an ongoing claim anyway - now the insurance want £850 for a change in car, versus going elsewhere at £450 for 12 months. Sigh..

liquidfox

91 posts

135 months

Friday 14th July 2017
quotequote all
I believe you could as long as the premium has been settled in full? Obviously you'll have to tell your new insurer you have a pending claim which is going to hike the premium somewhat.

Stormfly1985

2,698 posts

165 months

Friday 14th July 2017
quotequote all
I've not had to provide proof of no claims for a few years now - seems like there is a central register.