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Thread: Protected no claims transfer

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    Regular Member Ziggy's Avatar
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    Default Protected no claims transfer

    If you have protected no claims, make a claim and then move insurance company will new insurance companies still acknowledge your no claims bonus? Or is your protected no claims only with your current company?

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    VIP-Member Woody's Avatar
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    Your no claims record for protected bonus would usually move with you as you change insurance companys. The new insurer will often require proof of the level of discount, however the outgoing insurer are usually happy to provide this on request.
    Hope this helps

    Also your NCD Bonus is just that, an entitlement to a discount which is protected I think from memory to a limit of 2 claims in 3 years (or something like that anyway), the fact that you have had a claim either your fault or not your fault is still to be declared for the "record".
    Last edited by Woody; 13th November 2012 at 12:30.

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    I work in insurance and just checked with one of our Underwriters.

    She said, if for example you had protected NCB and had 7 years, then had a fault claim, then moved to another insurer, we would confirm that yuo had 7 years NCB still. But, we would also advise that there was a recent fault claim

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    Regular Member Ziggy's Avatar
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    Quote Originally Posted by inchy1981 View Post
    I work in insurance and just checked with one of our Underwriters.

    She said, if for example you had protected NCB and had 7 years, then had a fault claim, then moved to another insurer, we would confirm that yuo had 7 years NCB still. But, we would also advise that there was a recent fault claim
    But would the new company take the 7 years in to account? A friend of mine is changing insurance company and being told by a number of the companies they have rung that the protected no claims (because they had an accident recently) is only valid with the current company. If they hadn't made a claim then the protected no claims would be moved across, but because they have made a claim they cant move it apparently.

    Admittedly most of the companies refusing are part of a group involving a naval officer (but not all)....

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    I'd heard that as well, that the protected NCB only counts with the insurer you were protected with. But if your current insurer confirms 7 years, its 7 years....

    I've never had a fault claim so I'm never gone through it...

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    Regular Member alcutler's Avatar
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    Quote Originally Posted by Ziggy View Post

    Admittedly most of the companies refusing are part of a group involving a naval officer (but not all)....
    You mean Admiral..............

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    Regular Member m8internet's Avatar
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    My understanding of Protected No Claims Bonus, is as follows

    You build up a No Claims Bonus (as defined by the outgoing policy)
    In the event of a claim you drop three levels and in the event of a second claim you drop five levels, and any further claims you lose the entire No Claims Bonus

    The option to protect this simply means it is insured and the first two claims retain the incoming level of No Claims Bonus, any thereafter would drop as normal

    I have made claims and transferred the No Claims Bonus without any issues
    At renewal the previous level remains
    So if the incoming policy was 7 years No Claims Bonus, the next renewal would also be 7 years No Claims Bonus (ie the additional 1 year was not earned, as it had not been claim free)

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    Insurance Companies don't have to honour others Protected NCD. You must disclose the accident, in any case. Failure will result in major issues in the future.

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