Insurance NCB

I have just learned something I didn't know after 45 years of biking and
driving. You can only claim NCD on one bike at a time. I expect all you
clever buggers knew that! I thought if you had earned a NCD it was across
the board. I insure my Yam SR250 and my recently acquired MZ Saxon Tour,
through Bennetts. I had a letter this morning asking for proof of my NCD
for the MZ, so I rang them and gave them the Yamaha policy number so they
could check it out and that was when she told me that as the NCD was on the
Yamaha I could not have it on the MZ as well. She has reduced the NCD to
zero on the MZ, then told me it would make no difference to my premium,
which seems a bit odd, but I didn't argue.

Perhaps when the Yam comes up for renewal I will see about a multibike
policy.

I guess we live and learn!

Bill

 

Codshit.

I have two policies through H&R, both with NIG, and they rack up NCB
independently of each other. NCB is per-policy, not per-bike...

....which means this will spread your NCB across multiple bikes, but if
you lose it for one you lose it for all.

 

The Carole Nash classic policy doesn't have NCD, but the premiums are quite
low. I have 4 bikes FC for about £240 a year. Also, when you have a claim,
as there's no NCD to lose, your premium doesn't increase.

 

Hmmm... are you sure?

Wouldn't they increase your premium because you've made a claim?

 

Erm, I would bet some money, potentially even some of my own, that the
price *will* increase after a claim. They're not a charity, y'know.

 

They didn't when I was knocked off the Trophy in 2004. The premium was
roughly the same as the previous year, and the following year too.

 

You were knocked off... no-fault claim, then?

 

2003 £248.05 - Drifter, R80RT, Z200
2004 £224.64 - Drifter, R80RT, Z200
2005 £186.62 - R80RT, Z200

I bought the Trophy on the 5th of April 2004 for £3495, and paid CN £68.73
to add it to the policy on the same day. Six months and 7,000 miles later,
I was taken roughly from behind by a small white Volvo. A couple of weeks
later, I had a cheque for £3000 from CN. My renewal date is in November, so
any penalties or increase in premium should have shown up in the 2004
figure. As it was, the renewal letter still showed the Trophy on the
policy, and I had to remind them that it had been written off a couple of
months previously, so they weren't somehow unaware of the claim.

 

The injury and uninsured losses claim carried on into 2006. The Volvo
driver disputed my (and my witness's) version of events. If I'd had a
policy that attracted NCD, at least a proportion of that would have been
suspended until the claim was settled.

 

*ding*

Clarified to me when I asked about splitting my multibike policy because 2
individual quotes came out cheaper elsewhere.

 

Are you saying that if you have seperate policies for each machine (be they
car or bike) and make a claim on one policy, that claim won't have any
effect on any other motor insurance policy? If so, I believe you could be
wrong.


--
Beav

VN 750
Zed 1000
OMF# 19

 

No, I'm not saying that at all. The claim may have an effect, but it
will be on the base premium, not the no-claims discount.

As an example, I have three policies at the moment: two with NIG through
H&R for bikes and one with Admiral for my car...

- All earn separate NCB.

- A conviction would need to be declared for all three and the premium
would be affected.

- A claim on one of the bike policies would have to be declared for
both and the premium may be affected, but the NCB would only be lost on
the policy against which the claim would be made (as confirmed by H&R
themselves).

- A claim on either bike policy *will not affect* my car insurance in
*any* way whatsoever. I've queried it several times and they've
categorically stated that they don't give a monkeys about any bike
claims, accidents, whatever (convictions are another matter) and I don't
even need to tell them about them. Naturally, I've kept them informed
and it's their choice as to whether they use the information. It may be
peculiar to Admiral, but it works for me. I'd never expect a claim on a
bike policy to affect the NCB for an unrelated car policy. Or bike
policy.

 

I'm very pleased to have read that Ogden. It makes perfect sense to me, but
sense isn't something I usually associate with insurance companies.


--
Beav

VN 750
Zed 1000
OMF# 19

 

Well I'm in the perfect position to find out soon. (April IIRC).

After lobbing the bike and wife and breaking her to the point where she's
still not fixed, her claim should be big enough to cause an increase in my
premium. It'll be interesting to discover if it rises.


--
Beav

VN 750
Zed 1000
OMF# 19