Insurance policy wording - hillman
Do we have any experts who can comment on this ?

I have had comprehensive insurance with no-claims bonus protection since Noah was a boy. As I come to renew for 2006 / 2007 the insurance company ?Advisor? says that my policy for 2005 / 2006 does not have this feature.

I looked at my Certificate of Insurance for 2003 / 2004 and it reads, ?34 Protected No Claim Discount. If no more than2 claims arise during 5 consecutive year(s) of insurance, the No Claims discount will not be reduced.?

I looked at my Certificate of Insurance for 2005 / 2006 and it reads, ?33 Net Premium Policy. Section 9; A no claims discount does not apply to this type of insurance policy, however your entitlement to maximum discount in the future will not be affected (subject to no more than 2 fault claims occurring in 5 consecutive years.?

Does anyone understand this ? Do I have protection or not ?
Insurance policy wording - bell boy
its contradictory isnt it..therefore i would ring the company direct with a view to moving on if answer not right for when renewal comes up........use the internet for your next quote but go with a "name"
Insurance policy wording - v8man
I have had classic insurance in the past which does not attract NCB because it's so cheap to start with. I don't know if this applies in your case though.
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\"Nothing less than 8 cylinders will do\"
Insurance policy wording - Chris M
There are two important factors:
1) - The quality of the cover.
2) - The price.

If you are happy with 1) and 2) is competitive, then in my view, it doesn't matter how it was arrived at.

Chris M
Insurance policy wording - Armitage Shanks {p}
I looked at my Certificate of Insurance for 2005 / 2006 and it reads, ?33 Net Premium Policy. Section 9; A no claims discount does not apply to this type of insurance policy,

This is Para 3 of your post. This seems to me to say that you do not have a no-claims discount at all. Have you failed to put in the word "Protected" or am I being my usual very dim self?
Insurance policy wording - hillman
This is exactly what it says :
?33 Net Premium Policy. Section 9; A no claims discount does not apply to this type of insurance policy, however your entitlement to maximum discount in the future will not be affected (subject to no more than 2 fault claims occurring in 5 consecutive years.?
Either I have a discount or I don't.

Telephoning gets you very little. Every document I have received has had some kind of error on it. The 'Advisors' seem to have the tick box mentality, and sometimes tick the wrong box. The last letter I received says that the car is no longer automatic transmission, and the 'advisor' said that I had modified it. Oviously a tick in the wrong place because that aspect has never been discussed in any of our 'chats'. The 'advisor' said, "Just ignore that, it's a mistake". But I can't ignore it. If they can't get the facts now how will it be if I come to make a claim ?
Insurance policy wording - Armitage Shanks {p}
Hillman, no suggestion of incompetence intended - I thought you might be as bad on a keyboard as I am! I think the time has come for you to ask the monkeys to put you thru to the organgrinder, to use an old phrase. I agree it is far from clear, and verbal assertions that everything will be alright on the day are not likely to come thru the test of a claim. As Sam Goldwyn once said, allegedly " A verbal contract isn't worth the paper it is wrtitten on" and what you have got in writing/print seems far from clear or satisfactory.
Insurance policy wording - hillman
A S, we are in agreement ! Anything which is written from a business to a customer, and we are customers not pests, should be clear enough to be understood and form part of a contract between the two parties.
The first thing on ringing is the requirement to listen for minutes to a recorded message, then when you have reached the appropriate "Please press key 2", you are put in a 'Priority' queue for minutes on end.
I don't have much hope of getting to anybody high enough to make a difference to how the business operates. The management are generally smart enough to avoid that kind of situation. It will be like Franz Kafka's description of trying to speak to the Emperor of China.

Insurance policy wording - hillman
I received the up-dated Certificate of Insurance in the mail this morning and, surprise, surprise, it had a mistake on it. My son says that I am getting paranoid. Perhaps I am, but surely after so many phone calls and letters they could have got it right by now.
Insurance policy wording - Armitage Shanks {p}
IMHO you are reaching the point that you can bill them for your time and money in trying to get them to sort this out. There is a legal precedent for this; a chap in your position billed a firm at his hourly rate of pay for the time he had spent chasing them to do their job correctly. PS was the mistake a new one or a reptition of the no-claims problem/aspect?
Insurance policy wording - Martin Wall
Sounds like it's time to change insurance company.....
Insurance policy wording - Bill Payer
I looked at my Certificate of Insurance for 2005 / 2006
and it reads, ?33 Net Premium Policy. Section 9;
A no claims discount does not apply to this type of
insurance policy, however your entitlement to maximum discount in the future
will not be affected (subject to no more than 2 fault
claims occurring in 5 consecutive years.?

I would read this as:
Your current policy does not offer a discount for no claims. However your future entitlement to NCD (on another kind of policy, or with another insurer) is unaffected, unless you have more than 2 fault claims in 5 yrs.

Basically they're holding your NCD is suspense.

Other than classic cars, why would the policy not offer an NCD?
Insurance policy wording - hillman
B.P.
"Other than classic cars, why would the policy not offer an NCD?"
I was trying to discover that that but they seem to have lost patience with me and stopped replying. Maybe its because at 70 yrs. I'm a classic kind of driver.
Insurance policy wording - pmh
I would be careful if you think of trying to transfer to another company. You seem to have accepted by default a policy that now does not offer a NCB. You will not have documentary evidence of a NCB and whilst you may find that some companies may accept your proof of no claims others may not. This could be clever way of locking you in to the company for all future business.

I have a low cost classic policy that offers similar terms but would not qualify as a NCD if I wished to transfer it to another company.

FM2R should be able to give a definitive answer.


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pmh (was peter)


Insurance policy wording - No FM2R
You have *no* entitlement to any particular %age of NCD - for that matter, neither does anybody else. What you have, one way or another, is proof on a number of years claim free driving - lets say 4, for the sake of argument. Company A will interpret 4 years claim free driving as 50% NCD, Company B as 60%, Company C as 65% and company D will not give you a NCD.

The %age is irrelevant. If Company X is offering double the %age of NCD then the chances are that their base premiums are double to start with. As I have said 9 squidrillion times, a 10% discount from £100 is a better deal that 75% NCD on £1,000. What you pay is what matters, not some spurious discount used int he midst of the calculation of your net premium.

Arguably in fact lower %age discounts are better since a claim will therefore hit less hard.

What this company is saying is that if you have 2 accidents in 5 years (or whatever it was) and then change to a policy with us which does use NCD then we will still give you our maximum NCD %age. As will other insurers, although others will not.

It doesn't matter.

What you pay is what matters.

And for the other question...

>>Other than classic cars, why would the policy not offer an NCD?

Limited Mileage policies often do not. The more specialist a policy is then the more likely it is to be rated toward a specific risk rather than some generic offering where NCD is used as a broadbrush approach to achieving the correct premium.


M.

p.s. I think your son has a point.
Insurance policy wording - Bill Payer
I would be careful if you think of trying to
transfer to another company. You seem to have accepted by
default a policy that now does not offer a NCB.
You will not have documentary evidence of a NCB and whilst
you may find that some companies may accept your proof of
no claims others may not.

When I opted out of my company car I had no problems getting insurance companies to offer me 5 yrs NCD - all I needed was a letter from our company insurance broker saying that I hadn't made any claims in the last 5 yrs.
Insurance policy wording - Brit_in_Germany
Maybe its because at 70 yrs. I'm a classic kind of driver.


I think that is likely to be the case. From what my parents have told me about getting insurance for the "more mature" drivers, things start turning nasty at around 70. It may be the case that your insurance company is continuing the policy until your first smash, at which point they will hike the premiums as a way of saying "go away".

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