No Claims Discount Question

m14x74

If you have for example 4 years no claims built up and then have to make a claim, do you lose all 4 years no claims or do they just remove a percentage ?

Thanks

daveyjp

You need to refer to your policy.

Hintza

But in general it will be a percentage.

vaio

As above, it will be in your policy.

Generally you lose two years plus get nothing for the current year so if you started with 4 years you end up with two (rather than 5) when you come to renew

InsideInsurance

m14x74 wrote: »

If you have for example 4 years no claims built up and then have to make a claim, do you lose all 4 years no claims or do they just remove a percentage ?

Thanks

What class of insurance?

Motor, you'd normally lose 2 years and so go back to 2 years if you are currently on 4

Home (and most others) will normally result in losing all of it.


NCD is not a universal concept and so you do need to check the wording of your own policy to double check

Richard53

And remember it's a No Claim Discount, not a No Blame Discount.

arcon5

Richard53 wrote: »

And remember it's a No Claim Discount, not a No Blame Discount.

Er, ye? What's that got to do with anything