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General => Insurance => Topic started by: avalon on 24 November 2009, 17:07

Title: Lapsed Insurance vs No Claims Discount
Post by: avalon on 24 November 2009, 17:07

A mate is considering a GTi and has the opportunity now to get shot of his current car.

Knowing the [seemingly daily] delays in getting hold of a new VW, if he flogs his current car now and cancels his insurance, will his accrued No Claims be void when he comes to take delivery of his new GTi [sometime in 2012]??

Your comments please.


Ava

Title: Re: Lapsed Insurance vs No Claims Discount
Post by: MrBounce on 24 November 2009, 18:37

NCB generally lasts for 2-3 years depending on the company so he should have no problems  :smiley:

I sold a car and cancelled a policy in late 2004 and used the NCD on a new policy in March 2005. No problems at all.  :cool:

Title: Re: Lapsed Insurance vs No Claims Discount
Post by: avalon on 25 November 2009, 09:06

Many thanks - will pass this on.

His current insurers seem unable to tell him anything constructive, rather advise him to keep his policy going til it expires [May I think] even if he sells the car; crazy!


Ava

Title: Re: Lapsed Insurance vs No Claims Discount
Post by: martinb on 27 November 2009, 19:02

it stays valid for 2 years with most companies, a few will accept it for longer.

Title: Lapsed Insurance vs No Claims Discount
Post by: TewVetWhere on 12 December 2009, 23:47

Im currently with Direct Line insurance and i was pricing a few different cars up to see what the premiums where like on them. I firstly filled out all of the online forms with my details, not putting that i now had 1 no claims discount.
So i ammended the details with my 1 years no claims and the