How many years no claims discount do i have?

Boohoo

Hello.

In 09/2018 i made an accidental claim on my home contents insurance and after a few months everyting was sorted out.

My building/contents insurance started 05/2018 and after the claim the contents insurance was higher when i got a new policy in 2019.

My policy is up for renewal in 3 weeks time and i have been looking for a deal but i am not sure of how many years for no claims to put in. Some want 3 year and some want 5 years as have you made a claim.

I am thinking it would be 3 years without a claim as 05/2019 policy was 0 years and 2020 would be 1 year but does a year count as the day i made the claim or the start of a new polcy?

wongataa

Your renewal documents will tell you how much you have.

LittleMissDetermined

Your no claims will be 3 years, regardless of what the insurer is asking you to give details on. You have 3 years from 2019 to 2022 provided your only claim was in 2018 and you have had no more.  The exception will be if you had no claims protection, in which case you need to check your renewal docs.

All insurers will ask about any claims you have made (fault or non-fault) in the past X years, some will ask in the past 3 years and some will ask in the past 5 years. 

Provided you are giving accurate information to them about your claim and it ties to your stated no claims years then you'll get an accurate quote. 

LMD 

chrisw

I've never seen no claims discount used anywhere other than motor insurance policies.

Regardless, you just need to answer the question as posed, ie have you made a claim in the last 3 years or have you made a claim in the last 5 years. The effective dates will be the date you put the claim in versus the date you actually renew your policy. Therefore you have made a claim within the last 5 years but not the last 3 years.

Boohoo

LittleMissDetermined said:

Your no claims will be 3 years, regardless of what the insurer is asking you to give details on. You have 3 years from 2019 to 2022 provided your only claim was in 2018 and you have had no more.  The exception will be if you had no claims protection, in which case you need to check your renewal docs.

All insurers will ask about any claims you have made (fault or non-fault) in the past X years, some will ask in the past 3 years and some will ask in the past 5 years. 

Provided you are giving accurate information to them about your claim and it ties to your stated no claims years then you'll get an accurate quote. 

LMD 

I thought it was 3 years but not 100% sure.

I have the claim details from AXA for the date and what the total cost was claimed and payed out for.

dunstonh

For home insurance, there is no universal concept of a no claims discount.  The vast majority of providers do not operate an NCD and the few that do, only do so as a marketing gimmick.

Many price based on recent claims history but it is asked as an explicit question regarding your recent claims history.  Some will be 3 years.  Some will be 5 years.