Mcnninjas.co.uk

General Discussions => Bike Talk => Topic started by: MOzZereLLa on November 20, 2017, 09:01:04 PM

Title: How long do no claims bonuses remain valid for?
Post by: MOzZereLLa on November 20, 2017, 09:01:04 PM
In Oct 16 I gave up biking and received a letter from Bennetts stating I had accrued 15 years NCB.

When will that NCB become invalid? Does it vary from insurance company to insurance company?

I think it's 2 years. Could it be longer? Anyone know?

Cheers
Title: Re: How long do no claims bonuses remain valid for?
Post by: Alzo on November 20, 2017, 09:06:16 PM
I thought 2 years...but you are dealing with modern legal bandits.
Title: Re: How long do no claims bonuses remain valid for?
Post by: Chojin on November 20, 2017, 09:37:27 PM
Most two, some three.

When I had a break from biking last, it was for 2.5 years. I managed to find an insurer that would accept it.

Yes I paid a higher premium for that year, but managed to salvage it.
Title: Re: How long do no claims bonuses remain valid for?
Post by: MOzZereLLa on November 20, 2017, 09:52:48 PM
I best find the proof letter then - it's about somewhere..........
Title: Re: How long do no claims bonuses remain valid for?
Post by: Phil_8 on November 21, 2017, 12:11:01 PM
I assume a KTM is on order?
Title: Re: How long do no claims bonuses remain valid for?
Post by: Carbon_ZX6R on November 21, 2017, 12:37:48 PM
I had this happen to me when I didn't ride , and Mce said it's up to two years they have to honor them , how ever at their discretion they can up to 5 years
Title: Re: How long do no claims bonuses remain valid for?
Post by: MOzZereLLa on November 21, 2017, 05:05:13 PM
Quote from: Phil_8 on November 21, 2017, 12:11:01 PM
I assume a KTM is on order?

No. Not at all. Just wondered how much time I've got to keep my insurance history intact. I'm away from mid June to mid Oct next year so it would be a pointless purchase.

Title: Re: How long do no claims bonuses remain valid for?
Post by: steve-a on November 22, 2017, 03:12:52 PM
Would possibly be worth buying an old shitter to insure to keep the policy up, move it on when you are ready to buy a decent bike, obviously depends on cost of losing no claims vs cost of premium etc.
Title: Re: How long do no claims bonuses remain valid for?
Post by: MOzZereLLa on November 22, 2017, 04:27:31 PM
I'll have a look around the local dealerships.

Have KTM, Honda, Ducati, Triumph and Yamaha very close so I'll see what's about.