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Thread: Insurance & No Claims

  
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    Adrian's Avatar
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    Insurance & No Claims

    This isn't going to be another "how much will insurance be..." or "who's cheapest..."

    But, I was wondering if it was possible to move a no claims bonus mid-policy and claim money back? I have a policy which is ending shortly which I don't intend to renew (a motorbike which I'm planning on selling), and I wondered if I could utilise the no claims - seems silly to just let it expire.

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    lee gsi's Avatar
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    No you cant move it.

    Also not many let you use motorbike noclaims on a car.
    The truth is always the truth even if you haven't realised it yet...

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    DAN@ADRIAN FLUX's Avatar
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    Quote Originally Posted by Adrian View Post
    This isn't going to be another "how much will insurance be..." or "who's cheapest..."

    But, I was wondering if it was possible to move a no claims bonus mid-policy and claim money back? I have a policy which is ending shortly which I don't intend to renew (a motorbike which I'm planning on selling), and I wondered if I could utilise the no claims - seems silly to just let it expire.
    Lee's right, you can't transfer NCB mid term and it is very rare for an insurer to accept entitlement from another type of policy, for example trying to apply Bike NCB on a Car or Commercial policy.

    I would always recommend, when possible, allowing cover to continue to renewal so you get the NCB. Technically if you cancelled a policy 1 day before the renewal date, the insurer does not have to give you another years bonus.

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    Cool, thanks for the information

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    lee gsi's Avatar
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    Also you can have as many policy's on the go as you want but they are only valid for 2 years so if you dont use them for 2 years and a day you lose them.
    The truth is always the truth even if you haven't realised it yet...

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