Protecting no claims Bonus

chrisw

There is no hard and fast rule. You need to check each insurance company's policies before committing.

AdrianC

quattros said:

Thanks Again for the Replies , So little confused , let's Forget the 17 years NCD , but go by 9 years as most I looked at show that figure in the dropdowns , so let's say I dont protect it this year and have an accident/claim then that will drop down to 7 years so loose 2 year or maybe 3 , or goes to 3years NCD ?

Usually, two years. But you need to check the paperwork.

quattros

AdrianC said:

quattros said:

Thanks Again for the Replies , So little confused , let's Forget the 17 years NCD , but go by 9 years as most I looked at show that figure in the dropdowns , so let's say I dont protect it this year and have an accident/claim then that will drop down to 7 years so loose 2 year or maybe 3 , or goes to 3years NCD ?

Usually, two years. But you need to check the paperwork.

I see ok i was under the impression it drops to 3 year overall from say 9 years , So basically minus 2 or 3 years off the 9 depending on insurance. 

neilmcl

quattros said:

Thanks Again for the Replies , So little confused , let's Forget the 17 years NCD , but go by 9 years as most I looked at show that figure in the dropdowns , so let's say I dont protect it this year and have an accident/claim then that will drop down to 7 years so loose 2 year or maybe 3 , or goes to 3years NCD ?

No, it won't drop down to 7. If you look at the examples I gave most will probably drop you to either 4 or 3 years.

Download and read the prospective policy documents and they should tell exactly what will happen.

neilmcl

quattros said:

AdrianC said:

quattros said:

Thanks Again for the Replies , So little confused , let's Forget the 17 years NCD , but go by 9 years as most I looked at show that figure in the dropdowns , so let's say I dont protect it this year and have an accident/claim then that will drop down to 7 years so loose 2 year or maybe 3 , or goes to 3years NCD ?

Usually, two years. But you need to check the paperwork.

I see ok i was under the impression it drops to 3 year overall from say 9 years , So basically minus 2 or 3 years off the 9 depending on insurance. 

No, read my post above.

DUTR

neilmcl said:

AdrianC said:

quattros said:

Thanks Again for the Replies , So little confused , let's Forget the 17 years NCD , but go by 9 years as most I looked at show that figure in the dropdowns , so let's say I dont protect it this year and have an accident/claim then that will drop down to 7 years so loose 2 year or maybe 3 , or goes to 3years NCD ?

Usually, two years. But you need to check the paperwork.

No, not 2 years, I've already given 2 examples where clearly this is not the case. Can you provide one insurance policy that states an unprotected NCB of 9 years will drop to 7.

Yes, I looked at my policy yesterday after your reply it quotes
"In line with the rest of the market. If  you haven't protected it, your No claim Discount will be reduced by two years for each non recoverable claim within a policy year." 
It was on that premise why I had opted out of protecting, however that decision is on an individual basis.
What is confusing is the table above the shows which is that a claim reduces to 3yrs 2 claims to one 1yr NCD.

AdrianC

DUTR said:

neilmcl said:

AdrianC said:

quattros said:

Thanks Again for the Replies , So little confused , let's Forget the 17 years NCD , but go by 9 years as most I looked at show that figure in the dropdowns , so let's say I dont protect it this year and have an accident/claim then that will drop down to 7 years so loose 2 year or maybe 3 , or goes to 3years NCD ?

Usually, two years. But you need to check the paperwork.

No, not 2 years, I've already given 2 examples where clearly this is not the case. Can you provide one insurance policy that states an unprotected NCB of 9 years will drop to 7.

Yes, I looked at my policy yesterday after your reply it quotes
"In line with the rest of the market. If  you haven't protected it, your No claim Discount will be reduced by two years for each non recoverable claim within a policy year." 
It was on that premise why I had opted out of protecting, however that decision is on an individual basis.
What is confusing is the table above the shows which is that a claim reduces to 3yrs 2 claims to one 1yr NCD.

If they regard 5yr as max (or the illustration is starting from 5yr) that's right.

5 -2 = 3 -2 = 1