Insurance NCB

Bill wrote:
> 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.

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.
 >> Stay informed about: Insurance NCB 

platypus wrote:
>
> 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?

--
Eddie eddie.DeleteThis@deguello.org

His: ZX-9R, Elefant 900 http://www.last.fm/group/ukrm
Hers: Monster S4R, GSX600F (breaking, everything must go!)
 >> Stay informed about: Insurance NCB 

Eddie wrote:
> platypus wrote:
>>
>> 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?

Yup.

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

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.
 >> Stay informed about: Insurance NCB 

platypus wrote:

> Bill wrote:
> > 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.
>
> 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.

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.

--
Morini Corsaro 125 | CB450K4 | XL250 Motosport | 900SSD | R1150RT
Laverda SF2|Harley FXD BOTAFOF #33 TWA#10
The UKRM FAQ: http://www.ukrm.net/faq/index.html
"Je profite du paysage" - Joe Bar
 >> Stay informed about: Insurance NCB 

platypus wrote:
> Eddie wrote:
>> platypus wrote:
>>>
>>> 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?
>
> Yup.
>
>> Wouldn't they increase your premium because you've made a claim?
>
> 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?

--
Eddie eddie.DeleteThis@deguello.org

His: ZX-9R, Elefant 900 http://www.last.fm/group/ukrm
Hers: Monster S4R, GSX600F (breaking, everything must go!)
 >> Stay informed about: Insurance NCB 

Timo Geusch wrote:
> platypus wrote:
>
>> Bill wrote:
>>> 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.
>>
>> 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.
>
> 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.

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.
 >> Stay informed about: Insurance NCB 

Eddie wrote:
> platypus wrote:
>> Eddie wrote:
>>> platypus wrote:
>>>>
>>>> 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?
>>
>> Yup.
>>
>>> Wouldn't they increase your premium because you've made a claim?
>>
>> 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?

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.
 >> Stay informed about: Insurance NCB 

On Fri, 22 Feb 2008 11:31:45 +0000, "Timo Geusch"
<tnewsSPAMMENOT DeleteThis @unixconsult.co.uk> wrote:

>> 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.
>
>Erm, I would bet some money, potentially even some of my own, that the
>price *will* increase after a claim.

Why? Premium is based on risk, which is based on risk profile. They
don't calculate every premium based on an individual's claim history -
if they did, ever one would have to be done by hand, which would be
impossible.


--
Champ

ZX10R | GPz750turbo | GSX-R 600 racer
My advice as your attorney is to buy a motorcycle
To email me, neal at my domain should work.
 >> Stay informed about: Insurance NCB 

On Fri, 22 Feb 2008 11:11:55 GMT, ogden <ogden.DeleteThis@pre.org> allegedly wrote:

> NCB is per-policy, not per-bike...

*ding*

Clarified to me when I asked about splitting my multibike policy because 2
individual quotes came out cheaper elsewhere.
 >> Stay informed about: Insurance NCB 

"ogden" <ogden RemoveThis @pre.org> wrote in message news:47BEADFB.8BFC5D99@pre.org...
> Bill wrote:
>>
>> 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.
>
> 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...
>
>> Perhaps when the Yam comes up for renewal I will see about a multibike
>> policy.
>
> ...which means this will spread your NCB across multiple bikes, but if
> you lose it for one you lose it for all.

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
 >> Stay informed about: Insurance NCB 

Beav wrote:
>
> "ogden" <ogden.RemoveThis@pre.org> wrote in message news:47BEADFB.8BFC5D99@pre.org...
> > Bill wrote:
> >>
> >> 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.
> >
> > 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...
> >
> >> Perhaps when the Yam comes up for renewal I will see about a multibike
> >> policy.
> >
> > ...which means this will spread your NCB across multiple bikes, but if
> > you lose it for one you lose it for all.
>
> 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.

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.

--
ogden
sv650 & rgv250
 >> Stay informed about: Insurance NCB 

"ogden" <ogden.TakeThisOut@pre.org> wrote in message news:47BF077E.7F6C8AE4@pre.org...
> Beav wrote:
>>
>> "ogden" <ogden.TakeThisOut@pre.org> wrote in message
>> news:47BEADFB.8BFC5D99@pre.org...
>> > Bill wrote:
>> >>
>> >> 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.
>> >
>> > 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...
>> >
>> >> Perhaps when the Yam comes up for renewal I will see about a multibike
>> >> policy.
>> >
>> > ...which means this will spread your NCB across multiple bikes, but if
>> > you lose it for one you lose it for all.
>>
>> 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.
>
> 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.
>


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
 >> Stay informed about: Insurance NCB 

"Champ" <neal.RemoveThis@champ.org.uk> wrote in message
news:b0jtr35cd8gcj942djk1gqselu3eulhr6i@4ax.com...
> On Fri, 22 Feb 2008 11:31:45 +0000, "Timo Geusch"
> <tnewsSPAMMENOT.RemoveThis@unixconsult.co.uk> wrote:
>
>>> 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.
>>
>>Erm, I would bet some money, potentially even some of my own, that the
>>price *will* increase after a claim.
>
> Why? Premium is based on risk, which is based on risk profile. They
> don't calculate every premium based on an individual's claim history -
> if they did, ever one would have to be done by hand, which would be
> impossible.

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
 >> Stay informed about: Insurance NCB