Insurance Claim/no Claims Discount

Discussion in 'Taylor's Tittle-Tattle - General Banter' started by NathWFC, Jun 25, 2020.

  1. NathWFC

    NathWFC First Team

    So, my car is a write off after an accident involving no other cars, and I'm being paid out by my insurer, Co-Op.

    Does anyone know if this will completely void all of my NCD, which was (idiotically) unprotected, or just reduce it down?

    I cannot seem to find anything that answers the question in the policy documents or the FAQ's.

    Something was mentioned on the phone the other day about it but I can't actually remember what they said. Will ring them again tomorrow but if anyone has any clue now it'd be appreciated!
     
  2. UEA_Hornet

    UEA_Hornet First Team Captain

    There’s a table on Page 31 of this which covers it:

    https://www.co-opinsurance.co.uk/si...insurance-policy-document-december-2019_0.pdf

    It all depends on what level of NCD you currently have and if this is your first claim in the current year.
     
  3. Relegation Certs

    Relegation Certs Squad Player

    - makes a claim
    - wonders if his no claims bonus is affected.

    You couldn't make it up.
     
  4. NathWFC

    NathWFC First Team

    I'm well aware it'll be affected, just wasn't entirely sure to what extent.
     
  5. NathWFC

    NathWFC First Team

  6. zztop

    zztop Eurovision Winner 2015

    You just did.
     
  7. UEA_Hornet

    UEA_Hornet First Team Captain

    Assuming you’ve been with the Co Op for 2 years already then yeah, I think so.

    Don’t forget though while NCD is helpful, if they now decide the risk you present has gone up massively as a result of this accident, you’ll presumably still see a big rise in the premium at renewal whatever discount they apply.
     
  8. NathWFC

    NathWFC First Team

    Thanks for that. Very helpful.
     
    UEA_Hornet likes this.

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