Probably a FAQ! Had a bump - effect on my NCD?

Cardinal-Red

Does anybody know how a bump (reversed into car parked opposite my drive) would effect my NCD with Liverpool Victoria. I have 14 years worth, and I understand most benefits stop accruing at 7 years...

LV don't seem to specify how much NCD they "knock off" for an accident - does anybody know? Am hoping it's not all!

mildred1978

Cardinal-Red wrote: »

Does anybody know how a bump (reversed into car parked opposite my drive) would effect my NCD with Liverpool Victoria. I have 14 years worth, and I understand most benefits stop accruing at 7 years...

LV don't seem to specify how much NCD they "knock off" for an accident - does anybody know? Am hoping it's not all!

You usually lose 2 years. If the max is 5 years you'll go down to 3.

Cardinal-Red

So what you're saying is you lose an amount from the top of benefits cap, not from the actual amount of years you have accrued? So it would be impossible to keep maximum NCD discount following a bump?

TDPIX

Cardinal-Red wrote: »

So what you're saying is you lose an amount from the top of benefits cap, not from the actual amount of years you have accrued? So it would be impossible to keep maximum NCD discount following a bump?

If you had your NCB protected then you'd keep it. But yes, they nearly always take the amount from the maximum NCB and not the total NCB.

rs65

Cardinal-Red wrote: »

So it would be impossible to keep maximum NCD discount following a bump?

You can protect it, or guarantee it (as LV call it).

Cardinal-Red

Thanks guys - am assuming they won't let me protect it then make a claim however so am stuck with suffering the "loss" as it were.

Thanks for your help!

mildred1978

Cardinal-Red wrote: »

So what you're saying is you lose an amount from the top of benefits cap, not from the actual amount of years you have accrued? So it would be impossible to keep maximum NCD discount following a bump?

Obviously. If you don't get any more % discount above the max NCB then it's not in the company's interest to count the extra years. Otherwise you could have several fault accidents before it impacted on your % discount.

forgotmyname

If you had 20 years worth of no claims and they deducted 2 years for the 1st one and 5 years for the next, You could have a few claims to repair minor issues and not lose out.

They cant let you do that. They are poor and losing tons of money you know

5 years protected no claims with 1 bump may not be any cheaper than 3 years no claims and 1 bump.

Depends how your company rate you. Usually your premium rises as most people who have one accident are likely to have more.