protected no claims

Discussion in 'Tech/Mech General' started by duetto owner, Oct 2, 2009.

  1. duetto owner

    duetto owner Read Only Funster

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    I have this on my insurance, never had it before. we have a damaged rear step if I claim on insurance am I right in thinking that I wil not lose any no claims discount or be penalised with higher renewal at the end of the year.

    or is this no claims a bit of a con do not really understand it.

    anyone ever had this and made a claim?
     
  2. pappajohn

    pappajohn Funster Life Member

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    iv always protected my NCB.

    you wont loose any NCB but the premium my increase more than it would....always a loophole with insurance.

    usually you can make 2 or 3 claims in a give period of time, maybe 2 years, and still retain your NCB.

    you have to weigh up the cost of repairing it and paying out of your pocket or claiming on the insurance and paying a higher premium next time round.

    plus.....if you change insurance companies they may not take into account you had protcted NCB if you made a claim and reduce the NCB by however many years NCB you would have lost had you not been protected with the previous insurer.

     
    Last edited: Oct 2, 2009
  3. hilldweller

    hilldweller Funster Life Member

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    You got it in one.

    Yes you can keep your 70% NCB.

    Hard luck your new premium just went up 70%.

    They don't think we are all mugs, they *know* we are all mugs.
     
  4. Sweet Chariot

    Sweet Chariot Read Only Funster

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    I agree with the above posts, the simple question you and all will be asked is, Have you made any claims in the past ? years and we dont give a stuff if you happen to have Protected No Claims. Yes it is a scam unless you stop with the same company.:BigGrin:
     
  5. pappajohn

    pappajohn Funster Life Member

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    cant remember the company but they GAURANTEE your protected NCB for life.

    but only if you remain with them for life :Doh:
     
  6. hilldweller

    hilldweller Funster Life Member

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    Which is just what you don't do with cars and bikes ( MH a bit more restrictive ) - I'm about to insure my car with Churchill - Co-op renewal £320 - Churchill new business £164.
     
  7. Bulletguy

    Bulletguy Read Only Funster

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    It's a very strange business Insurance!

    When i had a car i stayed with the same company for many years as i only once managed to beat their quote, only by £2 but i let them know and they promptly dropped a fiver off!

    One company you would never ever insure a car with was Norwich Union because their quotes were just ludicrous. But when i bought my campervan, my insurance company could not quote me as they did not insure mh's/campers. My main problem was finding a company who would insure me to use it to commute to and from work (most don't).

    Guess who came up not only with exactly what i needed but also the best price?

    Norwich Union!
     
  8. hilldweller

    hilldweller Funster Life Member

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    Ain't that the truth !

    I was with Bennetts with NU for my bike. Got quote off biggest competitor, Nash, miles cheaper. Bought off Nash. Policy arrives NU. The only thing that changed was the price. I'm back at Bennetts again now - isn't it absurd.
     
  9. Geo

    Geo Trader - Funster

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    Worthy of note for the future
    RH Specialist Insurance include commuting AND business as standard,strange???:Eeek: very competitive too,
    My only gripe with them is they reduced recovery limit to 3.5 ton, despite their web site claim of ALL policies include recovery, @7.5 tons I was sorry to leave them as it cost me dearly
     
  10. oldun

    oldun Read Only Funster

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    You should not lose your NC if you make one claim BUT they can put up your premium by an extra amount the following year so always shop around.
     
  11. geoff1947

    geoff1947 Read Only Funster

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    Ncb

    I had to clain for self inflicted damage to my panel van which was quite expensive. My renewal notice wasn't too bad but a lot more than the year before. When I went on my PC as a new customer it was considerably lower so I phoned them and they reduced it.
    Shop around and beware the renewal price.
    I feel that the protected NCB is fine-for me:thumb:
     
  12. vindiboy

    vindiboy Funster

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    I bashed the rear of my van in France this year and broke the rear light and a lump out of the bumper, my fault reversed into a post . I claimed off my insurance and got a new bumper and light cluster fitted £1200.00 in total. I had to pay the first £200 . I have protected bonus and am allowed two claims in three years and don't loose my bonus until after two claims, I have just renewed with the same company COMFORT and my premium was the same as last year.So no loss off bonus and no hike in premium :thumb::thumb::thumb:
     
  13. ralph-dot

    ralph-dot Read Only Funster

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    I have used my protected no claims on several occasions over the years and do not remember being penalised on renewal.
     
  14. yorkshirepudding

    yorkshirepudding Read Only Funster

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    It has always surprised me how insurance companies will give huge discounts to new customers but will give no incentive for existing customers to stay. The result is that every year we have to go through the process of getting new quotes and changing companies. What a waste.
    I was always of the opinion that it cost less to keep and maintain an old customer that to seek new ones. Seems I am wrong.:Doh:
     
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