I just want to clarify if when you have claimed for an accident where the fault is still being agreed, do you loose all 3 years no claims or not?
2006-11-03 00:52:13 · 17 answers · asked by laurie21allsopp 1 in Cars & Transportation ➔ Insurance & Registration
unless you have no claim protection you will loose your bonus as you have claimed (the fact that it was not you fault is tough chesse)
2006-11-03 00:55:02 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If it is a no-one at fault, then usually each insurance company pays for the damage to the other persons car, so called knock for knock, you will lose some unles you have a protection policy, but that usually only kicks in after getting 4 years, then, depending on how accident free you are, you may not lose any for a single claim. I would suspect you will lose 2 of the years, but don't go thinking its better not to claim, as if you are found out having had any sort of accident, or even a speeding ticket, and haven't told the company, thay can, and will, invalidate your insurance. They may well find out by the other insurance company contacting them, even if the person said they were'nt going to claim, but they may then change thier mind. This happened to a friend, and he lost all his no claims, and the insuarance company loaded him with a penalty of 25% for failing to report the accident, and it was only a very minor bump that finished up with one vehicle losing a tail light and the other a side light.
2006-11-03 01:18:43 · answer #2 · answered by mike-from-spain 6 · 0⤊ 0⤋
It really depends on how this incentive or discount is designed by your company. With some, you lose the discount if you have an at fault loss, and you won't get it back for 3 years. I am pretty sure that with most, this is how it works. Come to think of it, how else would they handle it? Are you thinking you'd get credit for a couple of those years? No, probably not. They may not take any action if it's a non-fault loss, or they may say it doesn't qualify simply because you had an accident. You need to check with your company.
2006-11-03 10:51:19 · answer #3 · answered by Chris 5 · 0⤊ 0⤋
It depends on the insurance company you have.Speaking for the company I work for,if you were insured with us,and made a claim,you would lose the discount ONLY for the policy period (6 months or 12 months)you made the claim in.Not all the years you were insured with ,or claims free for.If you make a claim and get paid by YOUR insurance company for the damages,then it's just as if it was your fault.It's a added risk.
2006-11-06 18:20:22 · answer #4 · answered by Sheila 2 · 0⤊ 0⤋
In this country, it works like this : 1st accidnet (your fault or not - you loose 2 years NCB. 2nd accident you loose 3. I think it depends on the system where you are. It also works here that if they manage to make a FULL recovery from the other party, you will be reinstated with your NCB therefore adjusting your premium back down. Phone Lloyds or any insurance broker and check with them in your country. (As far as I know, it is an internationally accepted standard that we use in SA)
2006-11-03 01:03:48 · answer #5 · answered by dragonfly 4 · 0⤊ 0⤋
NO! If you are not at fault, most insurance companies don't even look at it. I had two "not at fault" accidents within six months (one rear-ended and a broad sided) and my rates were unaffected and the insurance company has never hastled me about it in any manner. You can't be held responsible for someone else's actions that you have absolutely no control over!
PS: I'm speaking from a NYS perspective!
2006-11-03 01:03:38 · answer #6 · answered by Anonymous · 0⤊ 0⤋
I think it depends on the insurance company. I had 4 years, well actually I had 6 but they only recognise 4 for discount purposes, and I lost one year. I went to another company anyway and got a renewal for the same price as the previous year.
2006-11-03 00:56:12 · answer #7 · answered by Maid Angela 7 · 0⤊ 0⤋
If you have a protected bonus you will not lose the bonus, if it is not protected you will lose the bonus and have to pay full price.
Usually Insurance companies will agree a knock for knock settlement so everyone loses their no claims.
2006-11-03 05:53:18 · answer #8 · answered by "Call me Dave" 5 · 0⤊ 0⤋
You will claim off the other person and they will probably claim off you which will likely result in your loss of no claims. Best to check with your insurer.
2006-11-03 00:55:31 · answer #9 · answered by E=MC2 3 · 0⤊ 0⤋
If you have taken out protection on your no claims bonus you should be fine.
If you don't then you will lose your no claims bonus until the other party accepts responsibility. If they are not responsible or there is joint responsibility then you will lose your no claims.
Basically if your insurers are out of pocket in any way you lose your no claims unless you have protected it.
Sorry.
2006-11-03 01:03:37 · answer #10 · answered by A Nonymiss 3 · 0⤊ 0⤋