Forgot to renew house insurance, lost NCB

GINOSMYTH

Hi, I wonder if anyone can put me right on a home insurance query. I had some exams late last year and my buildings and contents insurance was due around the same time. I totally forgot about it then realised around Christmas. Ive finally got round to getting quotes and was going to go ahead with one of them and I got the message that I dont have any NCB as my prev insurance had expired by more than 30 days. I have had my house for 8 yrs and have always renewed on time and have never claimed. Can anyone advise me, its a bit harsh if its true. I know with cars its normally 2 yrs before NCB is lost.

Thanks in advance

Best wishes

Brian G Smyth

Quote

As far as I'm aware Home Insurance "NCB" isn't universally acknowledged, it was just someone's bright idea in some department or other somewhere a few years ago.

If you don't make a claim, you get a discount, great. How much is that discount worth? Not sure.

You could be paying £365 a year net of a 17% discount or a 3% discount. Most people don't really care. It's the bottom line which matters, isn't it?

In summary: I wouldn't worry about it too much.