How to get proof of no claims discount, MoneySupermarket, no claims discount rules.#No #claims #discount


How to get proof of your no claims discount

No claims discount rules

by Mark Hooson

Online and tech expert

Tuesday 11 Jul 2017

Save money on your car insurance

Orignally published March 14th 2016

When switching insurers you’ll need to provide your new insurer with proof you’ve built up as many years worth of no claims discount as you say you have – and it’s not always as straightforward as you might think.

So here’s how to get proof of your no claims discount.

What is no claims discount (NCD)?

For every year you drive without making a claim on your car insurance your insurer will give you one year’s no claims discount (NCD) that will give you a reduction on the price of your policy.

Also known as no claims bonus (NCB), these discounts are accumulated each year – the more years you drive without making a claim, the greater the reduction in the cost of your car insurance.

A word of warning though, both the discount offered and the maximum number of years’ worth of NCD you can accrue varies from insurer to insurer, so be aware of this when switching.

How long is proof of no claims valid for?

Proof of no claims is usually only valid for two years, which means if you’re off the road for any reason or don’t have your own policy for more than two years, you’ll be back to zero NCD the next time you take out cover.

How to get proof of no claims discount (NCD)

At MoneySuperMarket, we recommend drivers not to renew automatically every year with the same firm but to check whether it’s worth switching provider. This is usually the case, as insurers tend to reserve their best prices for new customers rather than existing ones.

As and when you do make the switch your new insurer to ask for proof of no claims discount. The problem is, you’ll most likely have to get that proof from your last insurer, and each company handles this process differently.

One company might include your proof of no claims in your renewal or cancellation letter, another might send a specific proof of no claims discount letter, while a third company might only send proof if you request it.

We rang around a number of insurers to get find out how you’re meant to get hold of your proof of NCD and whether any of them send the proof out automatically. Here’s what they had to say.

What to do when you have your proof of NCD

Once you’ve got your proof of no claims discount in hand – whether that’s a letter, in an email or a PDF – there are stringent rules about getting it to your new insurer which, if broken, can leave you out of pocket or worse, uninsured.

To make sure you’re not caught out, here’s a look at some of the things to watch out for when you change car insurance providers and have to provide proof of no claims discount.

  1. Your annual renewal letter may serve as proof of no claims discount, so hang on to it. Saga, Santander and HSBC, to name but a few, say their renewal letters should suffice as proof.
  2. Not all insurers will automatically send you proof of no claims discount. Check our table to see if yours does, and what you need to do if they don’t.
  3. There is usually a time limit on getting your proof of no claims discount to the new insurer. This tends to range from around 7 to 21 days.
  4. If you don’t provide proof of no claims within the time limit, your new policy could be cancelled, leaving you uninsured, or your premiums could be increased as if you didn’t have a no claims discount.
  5. Some insurers will not accept a photocopy of your proof of no claims discount letter, and will ask that you send the original. If this is the case, be sure to make a photocopy for yourself.
  6. Most insurers only recognise no claims discount up to a certain point. For example, the greatest discount HSBC and M S will recognise is nine years. Insurers also have different maximum percentages, usually 70% or 75%.
  7. Your new insurer may contact your old insurer to get the proof of no claims discount itself, but it will tell you if it intends to do so.
  8. It’s also worth a follow-up call if you’ve not heard anything a week after you’ve sent the proof of no claims discount. The insurer should send you some kind of letter or email to confirm receipt, but don’t assume they’ve received it because you could be driving around uninsured.

How an NCD mishap can leave you without insurance

As a real-life example of how easy it is to get tripped up by all of this, MoneySuperMarket employee Hannah Jones found herself unwittingly driving around without any car insurance after sending off proof of her no claims discount.

Hannah switched to Sheila’s Wheels and was told to send proof of no claims discount within 14 days, which she did.

To Hannah’s surprise, she received a letter from Sheila’s Wheels saying the policy had been cancelled because they hadn’t received the proof. This was two weeks after it was sent, and the letter was backdated by a week.

Making matters worse, when Hannah called Sheila’s Wheels to explain it had already been sent, she was told that they would contact her previous insurer and that they didn’t really need the paperwork!

Though Hannah was able to explains matters and correct the situation, at first she faced a cancellation fee and higher premiums if she still wanted insurance with the company.

Clearly, even if you receive and send your proof of no claims discount, things could still go wrong, so it’s worth checking if you’ve heard nothing back.

And if you’ve built up a number of years’ worth of no claims discount it’s worth considering protecting it so you can still take advantage of the annual reduction even if you’ve made a claim.

What is no claims discount (NCD) protection?

NCD protection allows you to have a set number of ‘at fault’ accidents each year without affecting the discount. This means your NCD remains intact even if your insurer can’t claim their costs back.

And while this won’t necessarily stop the cost of cover increasing after a claim – insurers use your claims history to calculate premiums, with the discount factored in at the end – it should still mean the annual cost is lower than if you’d not protected your NCD.

You can take your car insurance no claims discount with you when you switch insurers. The discount might not be the same, but the new firm should honour your claims history. You can also transfer your NCD to another vehicle, perhaps if you buy a new car.

Using this MoneySuperMarket tool, you can find out how the leading car insurance providers approach the subject.

How many no-claims discount years will my new insurer honour?

Work out how many of the years you’ve built up will be recognised


Prime Label Consultants, no claims discount rules.#No #claims #discount #rules


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Customers with a policy that renewed on or after 1st January 2017 the details on this website will not be relevant to your policy, please see your renewal pack for further information.


Which Car insurance companies accept No claims Discount proof from abroad-EU, no claims discount.#No #claims


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  • FIRST POST

No claims discount

No claims discount

    Does anyone know which company will accept it ?

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    No claims discount

    No claims discount

      • #2
      • 16th Jul 08, 1:48 PM
      • #2
      • 16th Jul 08, 1:48 PM

      I think Saga do (if you are over 50)

      I’m confident that Groupama would

      I’m pretty sure that a Lloyds Underwriter, such as Chaucer, would too.

      Users saying Thanks (1)

      No claims discount

      No claims discount

        • #3
        • 22nd Jul 10, 3:22 PM
        • #3
        • 22nd Jul 10, 3:22 PM

        Sorry!

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        No claims discount

        No claims discount

          • #4
          • 22nd Jul 10, 3:29 PM
          • #4
          • 22nd Jul 10, 3:29 PM

          Users saying Thanks (1)

          No claims discount

          No claims discount

            • #5
            • 22nd Jul 10, 3:44 PM
            • #5
            • 22nd Jul 10, 3:44 PM

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          • How your state s Unfair Claims Settlement Practices Act can help you, no claims discount.#No


            How your state’s Unfair Claims Settlement Practices Act can help you

            No claims discount No claims discount No claims discount No claims discount

            You may feel particularly vulnerable when filing a claim, especially if you aren’t familiar with the process of making claims and getting payments. Fortunately, your state has specific regulations that protect you against unfair claims settlement practices, such as slow or deceptive claims handling.

            Claims practices that are verboten will be similar from state to state because they are based on a model act developed by the National Association of Insurance Commissioners (NAIC). NAIC model acts are generally adopted by all states, but since states may tweak theirs first, your state’s law will likely be slightly different. To find out more about how the law works in your state, contact your state’s insurance department. (Find your state’s contact information.)

            Most state laws concerning this topic make a distinction between an auto insurance company’s own customers and a third-party claimant. For example, if you cause an accident, you would file a claim with your own insurance company. But if another driver damages your car, you would file a claim with their insurance company and in that case, you are the third-party claimant. Generally, an insurance company has more of an obligation to its own customers.

            What insurance companies can’t do

            Can’t misrepresent your policy

            Under most Unfair Claims Settlement Practices Acts, an auto insurance company may not knowingly misrepresent material facts or relevant policy provisions in connection with a claim. It may not attempt to enforce policy provisions that were altered by the company without notice to you or without your knowledge or consent.

            Can’t influence other policy settlements

            Typically, the company may not drag out the settlement of a claim under one portion of your policy where liability and the amount of the loss are reasonably clear, so as to influence settlements under a different portion of your policy. For example, your auto insurer can’t refuse to pay your bills under the medical coverage in your policy so that you’ll settle your uninsured motorist claim. Usually, this prohibition only applies if you’re filing a claim under your own policy, not if you’re pursuing a third-party action against someone.

            Must acknowledge your insurance claim

            An insurance company must acknowledge and act promptly in response to your communications about your claims. In some states, the insurance company must respond within a certain time frame, such as 15 days

            Must process your claim promptly

            Insurers must implement standards for promptly investigating and processing claims. Otherwise, an unethical insurance company could endlessly stonewall you by saying it is still investigating your claim.

            No delays for extra forms

            An insurer may not delay an investigation or payment of claims by requiring unnecessary or repetitive reports and proof-of-loss forms.

            Can’t force you to sue

            A company may not force you to go to court in order to recover amounts due under a car insurance policy by offering substantially less than the money ultimately recovered. Otherwise, an insurance company with lots of lawyers on the payroll could just say, “Sue us!” and make you go to court. Obviously, that would discourage many individuals with small claims

            Can’t appeal lots of claims

            Similarly, an insurance company may not exploit the legal system by appealing almost all of the arbitration awards in favor of policyholders as a way to force a settlement or compromise of claims. The insurance company is allowed to appeal, but appeals can’t be a standard business practice aimed at forcing you to take less than you’re owed on a claim.

            Can’t refuse or delay insurance claims without a darn good reason

            An insurance company may not refuse to pay your claim or delay payment without a valid reason. It must promptly provide you with a reasonable explanation why your claim was denied or why a compromise settlement was offered. The insurer is required to make a good faith attempt to process a prompt, fair, and equitable settlement of claims in which liability is reasonably clear.

            Your state may even have implemented standards for resolving specific types of claims. For instance, your state may stipulate what types of replacement car parts are permitted after an accident and how a total car loss should be compensated.

            What to do if you have an insurance claim problem

            If you suspect that your insurance company, agent, or adjuster is violating your state’s Unfair Claims Settlement Practices Act, talk to the individual’s supervisor. If you don’t get any satisfaction, file a complaint with your state’s insurance department.

            State insurance regulators investigate these practices, and a number of similar complaints against a particular insurance company could trigger a market-conduct examination. Regulators will then determine if the company is in compliance with applicable insurance regulations.

            What the law can’t do for you

            In a few jurisdictions, you can point to violations of the Unfair Claims Settlement Practices Act as a basis for a bad-faith action against your insurance company, and a company that makes a practice of violating the act may be subject to punitive damages.

            No claims discount No claims discount No claims discount No claims discount


            Teesta River Dispute between India and Bangladesh Explained – Clear IAS, no claims discount explained.#No


            Teesta River Dispute between India and Bangladesh Explained

            The Teesta river dispute makes headlines every time there is a bilateral talk between India and Bangladesh. The dispute is regarding water sharing of River Teesta. Bangladesh wants a higher share than it gets now. Currently, its share is lower than that of India s.

            This article gives a broad insight on the river water sharing dispute, a timeline of various commissions formed, proposed alternative solutions etc.

            Teesta River States it pass through

            No claims discount explained

            • Teesta is a 414km long river flowing through the Indian states of West Bengal, Sikkim before going to the Bay of Bengal through Bangladesh.
            • It is the fourth largest transboundary river shared between India and Bangladesh after Ganges, Brahmaputra, and Meghna river systems.
            • Total catchment area: 1.75 million Sq. km

            No claims discount explained

            No claims discount explained

            Importance of Teesta River to Bangladesh and West Bengal

            For Bangladesh:

            According to the report of Asian Foundation in 2013, its flood plain covers about 14% of the total cropped area of Bangladesh and provides direct livelihood opportunities to approximately 73% of its population.

            For West Bengal

            Teesta is the lifeline of North Bengal and almost half a dozen of districts of West Bengal are dependent on the waters of Teesta.

            Teesta River Dispute The Timeline of the Negotiation Events

            No claims discount explained

            The negotiations on how to share the water have been going on since 1972.

            • 1972: Joint River Commission (JRC) was established by India and Bangladesh in the Indo-Bangla Treaty of Friendship.
            • 1983: Agreement on Ad-Hoc sharing of Teesta water. According to agreement Ad-Hoc sharing is valid until 1985 end.
            • 1984: According to 1984 JRC, Bangladesh’s share increased based on the hydrological data.
            • 1998: Bangladesh started “Teesta Barrage” irrigation project (3 cropping seasons per year).
            • 2011: an Interim deal that was supposed to last for 15 years – gave India 42.5% and Bangladesh 37.5% of Teesta water.

            Note: However, West Bengal and Sikkim opposed an interim deal, since then the deal was shelved and remains unsigned due to the objections of West Bengal.

            The federal angle of the Teesta River Issue

            No claims discount explained

            • Article 253 of Indian Constitution gives power to the Union Government to enter any transboundary river water related treaty with a riparian state.
            • The centre cannot do it arbitrarily without taking into consideration the social, political and eco-impact of such a treaty in the catchment area.
            • In 2011, the West Bengal government commissioned a study on the Teesta issue under the noted hydrologist Kalyan Rudra.
            • This is not acceptable to Bangladesh, where the water is required mainly during December – April period which is considered to be the leanest.

            West Bengal’s Objection

            No claims discount explained

            • Connection to global warming: Many of the glaciers on the Teesta river basin have retreated, says a strategic foresight group, a Mumbai think tank.
            • Estimates suggested that Teesta River has a mean average flow of approximately 60 billion cubic meters, of which significant amount flows during June and September and October to April is considered to be a lean season.
            • Any treaty will dry out northern region of West Bengal and will hurt farmers.
            • In 1998, Bangladesh’s Teesta barrage began, and the farmers of Bangladesh enjoyed 3 cropping seasons per year and don’t deserve any more water.
            • Project in West Bengal aims at irrigating 9,22,000 hectares of land in North Bengal and provides 67.60 MW of hydropower. Any water sharing with Bangladesh will hamper the project.

            The Alternative solutions proposed by West Bengal

            No claims discount explained

            • Mamata Banerjee proposed sharing of rivers like the Torsa, which are closer to the border of Sikkim and Bangladesh.
            • The Torsa, in fact, has connectivity with Bangladesh’s Padma.
            • She proposed that the two countries set up a commission to ascertain the level of water flowing through the Torsa and the quantum of water that can be shared.

            Bangladesh’s stand on Teesta River Dispute

            No claims discount explained

            • India already enjoys a share of 55% of the river water.
            • Bangladesh claims 50% of the water between December and May every year because that’s when the water flow to the country drops drastically.
            • Over 1 lakh hectares of land in Rangpur – its rice bowl cannot be cultivated for winter crops due to excessive withdrawal of water by India.
            • Bangladesh demands a fair share of river waters during the dry season.

            Political Angle of Teesta River Dispute

            • The previous Bangladesh Nationalist Party (BNP) govt. headed by Begum Khaleda Zia was not very receptive to India’s concern.
            • The BNP, during its tenure in power between 1991-1996 and again from 2001 to 2006, provided shelter to leaders and cadres from various North East based terror outfits.
            • But Sheikh Hasina’s Bangladesh Awami League(BAL) party followed India-friendly policies and also adopted a zero tolerance policy against anti-Indian terror outfits and eventually ULFA was banned.
            • The cooperation between the two nations facilitated the finalisation of land boundary agreement.
            • The Teesta River water deal as anticipated will help Delhi get more political leverage which it thinks is necessary to check the rising influence of China in the Bay of Bengal region.

            Conclusion

            • Bangladesh is a significant neighbourhood for India with a shared history, culture, religion and many more common elements.
            • For Bangladesh, this issue is still considered to be a prolonged suffering inflicted by India.
            • The cooperation of Bangladesh is important to India and without such liberal regimes in neighbouring countries, India cannot become terror free.
            • Bangladesh is an essential element for India to get connected with North East.
            • Considering the strategic importance of Bangladesh and as a responsible upper riparian state, India needs to take proactive steps for early conclusion of Teesta agreement.

            No claims discount explained


            No Claims Discount Explained – Car Insurance – Tesco Bank, no claims discount explained.#No #claims


            No claims discount explained

            A no claims discount (NCD) – or no claims bonus (NCB) – that a policyholder has accumulated over time can help lower the cost of car insurance. The amount saved is proportionate to the consecutive number of years that a person has held a policy in their name without making a claim. Brand new drivers setting up a policy for the first time will start with zero no claims discount, but, according to the Association of British Drivers, even a year’s worth can lead to reductions of up to 30 percent. Some insurers will offer incentives to help policyholders accelerate their savings potential – earning a year’s no claims discount in just 10 months, for example.

            The longer you go without making a claim, the less risk the insurance company feels they are taking on your policy, and therefore the larger the discount. Every type of insurance policy (third party only, third party fire and theft, and fully comprehensive) can accumulate a no claims bonus.

            On average, insurance companies will limit the discount permitted to five years – which can still result in savings of up to 60 percent. Some may allow more, but the way this discount is factored in and at which point in the calculation it is applied may vary, leading to different results.

            Just one no claims discount may be used per policy, so it will not be possible to use a single discount and apply it to multiple cars. If you are looking to insure more than one car through the same insurer, however, they may take this into consideration.

            What happens if my car is in an accident or stolen?

            In the event of an accident, unless the insurance provider can recover all of its costs from another party, such as the driver who may be at fault, then some or all of the no claims will be lost. If the accident involves a third party, but the driver at fault cannot be determined, then the costs will be split, and again the no claims will be affected.

            The same applies if a car is stolen, as the insurance provider will be unable to recoup its costs from another company, and therefore the no claims discount will be at risk.

            It is worth looking into the kind of claims that can affect the discount, as some policies will allow for windscreen damage, keeping the no claims bonus intact. In the case of minor damage, where the cost of the repair is small, it may be better to pay the amount yourself rather than going through the insurer, as a claim will mean a reduced discount.

            How insurance providers lower a no claims discount in the event of a claim may vary. For example, if the full amount of five years has been achieved, and it is the driver’s first accident, it may be reduced to a set amount, such as two years.

            Can I protect my no claims discount?

            By paying a small fee to the provider, the full discount will remain if a claim is made. It’s likely this fee will be less than the discount available by having five years of no claims, although there may be limits in terms of how often the protection can be used, and two claims or more per year may still have an effect. Paying for no claims protection does not prevent the price of the policy from increasing later on.

            What about named drivers and no claims discount?

            Usually it is only the policyholder who accumulates the no claims discount, but some insurance providers will also allow named drivers to build theirs. This can be useful if that person eventually wants to buy their own car, as they can use their no claims status for their own insurance, but often this will only apply if using the same company. If a policy lists any named drivers and they have an accident, this can still affect the no claims discount of the policyholder.

            Can I take my no claims discount to a different provider?

            When an insurance policy is due for renewal or has expired, proof of a no claims discount will be available from the provider, to be considered by a different company if necessary. Most insurers will only accept a no claims accumulated within the UK, but it is worth asking about this.


            Which Car insurance companies accept No claims Discount proof from abroad-EU, no claims discount rules.#No


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            • FIRST POST

            No claims discount rules

            No claims discount rules

              Does anyone know which company will accept it ?

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              No claims discount rules

              No claims discount rules

                • #2
                • 16th Jul 08, 1:48 PM
                • #2
                • 16th Jul 08, 1:48 PM

                I think Saga do (if you are over 50)

                I’m confident that Groupama would

                I’m pretty sure that a Lloyds Underwriter, such as Chaucer, would too.

                Users saying Thanks (1)

                No claims discount rules

                No claims discount rules

                  • #3
                  • 22nd Jul 10, 3:22 PM
                  • #3
                  • 22nd Jul 10, 3:22 PM

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                    • #4
                    • 22nd Jul 10, 3:29 PM
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                    • 22nd Jul 10, 3:29 PM

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                    No claims discount rules

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                      • #5
                      • 22nd Jul 10, 3:44 PM
                      • #5
                      • 22nd Jul 10, 3:44 PM

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                    • No claims discount explained, no claims discount rules.#No #claims #discount #rules


                      No claims discount explained

                      No claims discount rules

                      by Kevin Pratt

                      Consumer affairs expert

                      Thursday 28 May 2015

                      Save money on your car insurance

                      The no-claims discount you get on your car insurance is a reward for safe driving – and can cut the cost of your car insurance by as much as 75% with most insurers. So it’s good to know that you can take your discount with you when you switch insurers.

                      How many no-claims discount years will my new insurer honour?

                      Work out how many of the years you’ve built up will be recognised

                      Pick your insurer

                      Sorry! Please pick an insurer.

                      Maximum number of

                      With most insurers, the size of discount you can achieve increases until you have built up five NCD years, at which point the maximum discount percentage is achieved. Despite this, some companies continue to recognise if you go further years without making a claim – but they don’t increase the size of your discount (or at least not by much).

                      However, it can still be helpful. If your insurance company recognises up to, say, nine years of claims-free driving and you have an accident, you might lose two years and drop back to seven. As that’s still higher than five, making a claim would not jeopardise your discount.

                      Other companies will always drop you back to three years after an accident, regardless of your number of years claims-free.

                      Maximum No Claims

                      The amount of discount earned increases with each year of claim-free driving.

                      So after one year you might get 30%, with the percentage increasing each year until you get 70% NCD after five years.

                      Most firms offer a maximum NCD of 70%, although some offer 75% or 80%.

                      Does it have an

                      Accelerated Bonus Scheme?

                      Some insurance companies offer drivers with no NCD an accelerated bonus scheme, which awards a year’s NCD after 10 months claims-free driving.

                      After 10 months, you can either renew with the same firm, or move to another firm with the one-year bonus intact.

                      Save money on your car insurance

                      Car insurance is a hefty expense, but there’s a good chance you can save money by shopping around rather than staying with the same firm at renewal. Loyalty doesn’t pay!

                      Get a car insurance quote

                      Understand your no claims discount

                      Here’s how it works. Most insurers offer a premium discount for every year without a claim, usually up to a maximum of five years. For example, you might earn a 30% discount on next year’s premium, if you do not make a claim in the previous year. Drivers who can boast five consecutive claim-free years can expect a discount of as much as 75% – or even more in some cases. The size of the discount, sometimes called a bonus, varies from insurer to insurer. Companies also calculate the discount in different ways. A number of firms even allow the discount to build up over 10 years or offer an ‘accelerated’ discount or bonus, where the discount applies after 10 months instead of 12.

                      Making a claim

                      It’s worth finding out what would happen to your discount if you put in a claim as you won’t necessarily forfeit the full amount. For example, if you have built up a discount over five years and make a claim in year six, you might lose only two years of discount. So, when you come to renew your car insurance, you would benefit from a three-year bonus. Remember that your insurance premium can still go up at renewal even if you don’t make any claims. That’s because the driver’s claims history is only one element in the premium calculation. Insurers also take into account factors such as your address and mileage, when they quote for cover. That’s why it’s always important to shop around when you renew, to make sure you’re getting the most competitive price for the cover you want.

                      Discount portability

                      If this has happened to you, or you have any questions about no claims discounts, drop us a line in the box below.

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                      No claims discount rules

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