NCB transfer?

savings_my_hobby

I currently have a van, I have had this van since 2011, I have fully comp insurance with 9 years non claims bonus which I have proof for. From 2006 - 2011 I had a car and tranferred the NCB over.

The NCB is protected. I can have two claims within three years according to policy.

I had an accident the other day (Sunday) with no other vehicle involved, Nobody was hurt but there was damage to property, no witnesses were present and the police where not called.

I have put in a claim for the vehicle and damage to property, the van has been taken away and the letter I received indicated it would be beyond economic repair. So a write off.

I brought a car today (left a deposit), will I be able to use my 9 years non claims bonus on my car insurance?

Thanks for your time and I appreciate any helpful responses.

FutureGirl

You need to ask your new insurer. Some companies will allow transfer from van to car, and some don't.

Don't forget you'll still need to declare the accidents, and your premiums will still rise due to the accident.

savings_my_hobby

FutureGirl wrote: »

You need to ask your new insurer. Some companies will allow transfer from van to car, and some don't.

Don't forget you'll still need to declare the accidents, and your premiums will still rise due to the accident.

thanks for your reply.

Are you sure that premiums will rise, if so what is the point of having protected NCB?

How much do you think they will rise by percentage wise? I take it if they do rise it will be substantially less than losing NCB entirely, is this true?

I am always honest, I would hate to have my insurance invalidated by a "white lie". You never know when you'll need it, hence why we pay it.

Thanks again.

Quentin

Its all in the name.


After a claim your NCD is "protected" in future


(Not your future premium)


You can get an idea what this claim does to your premium by doing dummy quotes wiuth and without this in your history

Quentin

savings_my_hobby wrote: »

....will I be able to use my 9 years non claims bonus on my car insurance?

Many insurers won't let you. If you use online applications for quotes check the insurers requirements for accepting NCD. Make sure your van ncd is acceptable before you buy! If you buy first then find out it cannot be accepted expect a massive premium increase (or the cost of cancelling should they not be happy to insure you with nil NCD)


If you hit an issue see if a local broker (not Swinton) can help find someone to accept it.

savings_my_hobby

Quentin wrote: »

Its all in the name.


After a claim your NCD is "protected" in future


(Not your future premium)


You can get an idea what this claim does to your premium by doing dummy quotes wiuth and without this in your history

The whole point of having NCD is to lower your premium ain't it?

Quentin

You asked what was the point of having protected no claims discount if your premium still goes up after a claim

I tried to explain why protected ncd cannot protect your premium being increased as the two are separate items!

savings_my_hobby

Quentin wrote: »

You asked what was the point of having protected no claims discount if your premium still goes up after a claim

I tried to explain why protected ncd cannot protect your premium being increased as the two are separate items!

Please forgive me if I am being slow, I thought the price of your premium was based of factors such as age, vehicle type, make,model, security, home address, occupation, penalty points and claims etc.

I thought if you had protected NCD you were immune from increasing premiums due to having a claim.
Obviously the premiums would rise if I got an upgraded car or added mods or gained point on my license but none of these are true.

It seems like a paradox to have NCD and rising premiums at the same time.

Quentin

savings_my_hobby wrote: »

I thought if you had protected NCD you were immune from increasing premiums due to having a claim.....

You misunderstand what protected NCD is. It doesn't provide immunity against increasing premiums after a claim, and whoever told you this mislead you

If you hadn't protect your NCD, then after a single fault claim you "lose" 2 years NCD (usually from a max of 5) and none is awarded for the year. So if you had 9 years (unprotected) at the start of the year, you would have just 3 at the start of the next year.


With protected NCD you don't lose any NCD following a single claim, and will still have full NCD at renewal.


However your profile has changed as a result of the new claim, resulting in a loading onto your premium.


You then get your 9 years discount taken off (meaning the premium you pay is higher than it would have been had you not had a claim, but less than it would have been if you only had 3 years NCD taken off


Your protected NCD only protects your NCD!

System

My brother has just had the same issue he has had to go back to 0 NCB as no one would allow what was essentially a business policy [carriage of goods] to transfer back to a car .
What was the wording on the van policy ? I believe anything other than SDP is classed as business use.

Alter_ego

savings_my_hobby wrote: »

I currently have a van, I have had this van since 2011, I have fully comp insurance with 9 years non claims bonus which I have proof for. From 2006 - 2011 I had a car and tranferred the NCB over.

The NCB is protected. I can have two claims within three years according to policy.

I had an accident the other day (Sunday) with no other vehicle involved, Nobody was hurt but there was damage to property, no witnesses were present and the police where not called.

I have put in a claim for the vehicle and damage to property, the van has been taken away and the letter I received indicated it would be beyond economic repair. So a write off.

I brought a car today (left a deposit), will I be able to use my 9 years non claims bonus on my car insurance?

Thanks for your time and I appreciate any helpful responses.

It might save complications if you don't change insurer