Insurance - NCB for cancelled policy
Discussion
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!
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
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.
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. 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.
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?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 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?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.
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