NO Claim discount

iceburn

I been reading some past topics and I think I understand it all. But can someone just confirm I got the right idea.

I had a car which I scrapped in July 2007. At that time it had 3 years no claim discount awarded on its insurance policy.

I than got a van and started other policy in August 2007. (Did not use the no claim discount from car on this, was started completely as if had no claims at all afresh.) In Mar 2008 I had a fault accident on this van. The van I am still using to this date and in May 2009 will make its first 1 year no claim discount as van insurance policy.

On September 2007 brought other van, and autonetinsurance said they would match the 3 year no claim discount on new policy, since had 3 year no claim discount from the car policy. Policy on that van was cancelled in Nov due to VAN engine dying. (inforthsight should of kept it going. but that is other story.)

Now looking to buy a other small car / van.

Am I right in thinking the following :

The autonetinsurance matching the no-claim discount was just that, matching, I don't now have "other" 3 year no claim discount for a van instead of car now?

If I contact an insurance company to insure a car, they will "transfer" my old 3 year NCD car insurance to new policy if I do it before July 2009 (2 year rule), but if I contact a company for a van, "they might" match the 3 year NCD on new van policy, but when it come to renewal it will be class for other van insurance companies as just "1 year NCD." In which case the 3 year NCD has not been used and can (and should) be use on a car as well before the 2 year is up to keep it "alive." Or when they match the 3 year NCD they are actually using it and it become "transferred" hence can not be used somewhere else and they will in future say you have 3 year NCD / 4 year NCD from them when it come up for renewal?

I know insurance companies can do things differently and what one will do, other one will not do but it seem there is some general rule they do follow in most cases, like 1 to 2 years grace they allow between a lapse policy and new policy to use NCD, before having to start again. Wonder if there is something like that for above as well?

rudekid48

iceburn wrote: »

I been reading some past topics and I think I understand it all. But can someone just confirm I got the right idea.

I had a car which I scrapped in July 2007. At that time it had 3 years no claim discount awarded on its insurance policy.

I than got a van and started other policy in August 2007. (Did not use the no claim discount from car on this, was started completely as if had no claims at all afresh.) In Mar 2008 I had a fault accident on this van. The van I am still using to this date and in May 2009 will make its first 1 year no claim discount as van insurance policy.

On September 2007 brought other van, and autonetinsurance said they would match the 3 year no claim discount on new policy, since had 3 year no claim discount from the car policy. Policy on that van was cancelled in Nov due to VAN engine dying. (inforthsight should of kept it going. but that is other story.)

Now looking to buy a other small car / van.

Am I right in thinking the following :

The autonetinsurance matching the no-claim discount was just that, matching, I don't now have "other" 3 year no claim discount for a van instead of car now?

If I contact an insurance company to insure a car, they will "transfer" my old 3 year NCD car insurance to new policy if I do it before July 2009 (2 year rule), but if I contact a company for a van, "they might" match the 3 year NCD on new van policy, but when it come to renewal it will be class for other van insurance companies as just "1 year NCD." In which case the 3 year NCD has not been used and can (and should) be use on a car as well before the 2 year is up to keep it "alive." Or when they match the 3 year NCD they are actually using it and it become "transferred" hence can not be used somewhere else and they will in future say you have 3 year NCD / 4 year NCD from them when it come up for renewal?

I know insurance companies can do things differently and what one will do, other one will not do but it seem there is some general rule they do follow in most cases, like 1 to 2 years grace they allow between a lapse policy and new policy to use NCD, before having to start again. Wonder if there is something like that for above as well?

The short answer is................Yes

Quote

Well done to the above poster for quoting the OP completely unnecessarily.

OP - I got a bit confused towards the end of your post. You sound like you have a basic grasp of the principles, but your final paragraph is, essentially, the crux. Different insurers have different rules. Some maybe desperate to insure you, some may not.

If I was an underwriter I wouldn't be matching any NCD after you've had a fault claim. And don't forget to disclose this claim on all of your policies.

iceburn

I have disclose the claim to the current insurer (they were the one who paid out.) In fact need to call them and see if I pay it can it become a non-fault. Since I remember reading that sometimes it can be done. (Amazed how a small dent on a bumper for a S REG Ford Monedo cost over £500.)..

Anyway I can see where you coming from about matching the NCD. So probably in my case most likely outcome would be will have to use the NCD on a car, so the insurance would be say £1000 (including the accident) but with the NCD it becomes £500.

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The problem with buying back NCD is that you don't only have to repay your own damage (if applicable) but if you want your NCD re-instated you might be responsible for the Third Party's uninsured losses, or anything that your insurers had to pay out for.

A small dent in a bumper might not cost £500+ but vehicle hire, loss of earnings etc etc etc can all add up.

As for disclosing the claim, you need to on every policy.

iceburn

that £549 is all it cost the other party, I had no damage at all. and tell you the truth I think more than just the bumper was claim (ie lets get x, y and z repair at the same time) and were no loss of earnings. Can tell you in private how I know some things. Anyway will call the insurer tomorrow and see if they can actually tell me what the £549 were for, and if I can indeed pay it. Since one thing am I right in thinking if say the car is only worth £300 arent they suppose to just write it off and pay £300? That is what happen to my Ford Fiesta about 10 years ago when a Merc crash into my front and other insurer said it was uneconomical to repair it.